5230 N 2nd St Philadelphia, PA 19120
Olney NeighborhoodEstimated payment $1,191/month
Total Views
5,372
--
Bed
--
Bath
1,688
Sq Ft
$104
Price per Sq Ft
Highlights
- Solid Hardwood Flooring
- Attic
- Radiator
About This Home
Newly Repriced! This multi family property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $41,650 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive return—delivering immediate cash flow with significant room for future appreciation. Located on a leafy, residential block in desirable Oak Lane, this spacious home offers solid bones, original charm, and multiple value-add opportunities. Interior highlights include high ceilings, large windows, and original trim work that lend character and natural light throughout. While the property requires cosmetic updates—such as new flooring, fresh paint, and general cleanup—the existing layout offers an ideal foundation for a profitable renovation. Whether you're looking for a flip or a long-term rental, this is a versatile investment. With the right improvements, it can be repositioned for higher rents or increased market value, making it a strong candidate for the BRRRR strategy or Section 8 placement post-rehab. Don’t miss the chance to turn this classic triplex into a high-performing asset in a growing neighborhood.
Listing Agent
Elfant Wissahickon-Rittenhouse Square License #RS278677 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,940
Year Built
- Built in 1930
Lot Details
- 2,591 Sq Ft Lot
- Lot Dimensions are 20.00 x 130.00
- Property is in good condition
Parking
- On-Street Parking
Home Design
- Duplex
- AirLite
- Flat Roof Shape
- Permanent Foundation
- Pitched Roof
- Masonry
Interior Spaces
- 1,688 Sq Ft Home
- Solid Hardwood Flooring
- Attic
Utilities
- Radiator
- Natural Gas Water Heater
Community Details
- 3 Units
- Oak Lane Subdivision
Listing and Financial Details
- Tax Lot 271
- Assessor Parcel Number 422410700
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,679 | $210,100 | $42,020 | $168,080 |
| 2024 | $2,679 | $210,100 | $42,020 | $168,080 |
| 2023 | $2,679 | $191,400 | $38,280 | $153,120 |
| 2022 | $2,049 | $146,400 | $38,280 | $108,120 |
| 2021 | $1,307 | $0 | $0 | $0 |
| 2020 | $1,307 | $0 | $0 | $0 |
| 2019 | $1,215 | $0 | $0 | $0 |
| 2018 | $1,289 | $0 | $0 | $0 |
| 2017 | -- | $0 | $0 | $0 |
| 2016 | -- | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $92,100 | $14,332 | $77,768 |
| 2012 | -- | $10,880 | $1,260 | $9,620 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Price Changed | $175,000 | -12.1% | $104 / Sq Ft |
| 07/02/2025 07/02/25 | Price Changed | $199,000 | -11.6% | $118 / Sq Ft |
| 06/10/2025 06/10/25 | For Sale | $225,000 | -- | $133 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Deed | $56,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $225,000 | Commercial |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2492912
APN: 422410700
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