5322 Wayne Ave Philadelphia, PA 19144
Germantown NeighborhoodEstimated payment $2,518/month
Total Views
9,470
--
Bed
--
Bath
2,648
Sq Ft
$143
Price per Sq Ft
Highlights
- Traditional Architecture
- Forced Air Heating System
- Hot Water Heating System
About This Home
Presenting an exceptional opportunity in Germantown—this expansive LEGAL triplex with rental licenses, offers the ultimate in house hacking potential. This classic twin home features three generously sized 2-bedroom, 1-bath units, each thoughtfully designed to maximize comfort and functionality. Additionally, a bonus studio unit, complete with a full kitchen and bath, provides an ideal space for a caretaker or guests, enhancing the property's versatility. The building was generating $44,400 in rent and the bonus space was previously rented for $400/month. Unit 1 is now vacant as of 05/2025. Upon entering, you'll be greeted by a stately foyer that leads to well-appointed living spaces. While the property has undergone recent renovations and upgrades, it presents a unique opportunity for new owners to apply their finishing touches. For the savvy buyer, this property offers the chance to generate significant income and offset mortgage costs. Investors will appreciate the potential to add a fully rented asset to their portfolio in a highly desirable location. This is more than just a property; it’s a strategic investment in your future. Seize the opportunity to acquire a versatile, income-generating residence in one of Germantown's sought-after neighborhoods.
Listing Agent
Keller Williams Real Estate-Blue Bell License #RS330729 Listed on: 08/29/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,088
Year Built
- Built in 1890 | Remodeled in 2020
Lot Details
- 2,655 Sq Ft Lot
- Lot Dimensions are 26.00 x 103.00
Parking
- On-Street Parking
Home Design
- Triplex
- Traditional Architecture
- Brick Foundation
- Masonry
Interior Spaces
- 2,648 Sq Ft Home
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Hot Water Heating System
- Electric Baseboard Heater
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 161
- Assessor Parcel Number 124115900
Community Details
Overview
- 3 Units
Building Details
- Income includes apartment rentals
- Insurance Expense $3,410
- Other Expense $6,106
- Trash Expense $520
- Operating Expense $9,516
- Net Operating Income $34,884
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 | $3,346 | $363,500 | $72,700 | $290,800 |
| 2024 | $3,346 | $363,500 | $72,700 | $290,800 |
| 2023 | $3,346 | $239,000 | $47,800 | $191,200 |
| 2022 | $3,346 | $239,000 | $47,800 | $191,200 |
| 2021 | $1,999 | $0 | $0 | $0 |
| 2020 | $1,999 | $0 | $0 | $0 |
| 2019 | $1,972 | $0 | $0 | $0 |
| 2018 | $0 | $0 | $0 | $0 |
| 2017 | $2,226 | $0 | $0 | $0 |
| 2016 | $1,848 | $0 | $0 | $0 |
| 2015 | $13,709 | $0 | $0 | $0 |
| 2014 | -- | $140,300 | $21,047 | $119,253 |
| 2012 | -- | $17,536 | $4,490 | $13,046 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/29/2025 04/29/25 | Price Changed | $379,000 | -5.0% | $143 / Sq Ft |
| 03/21/2025 03/21/25 | For Sale | $399,000 | 0.0% | $151 / Sq Ft |
| 03/07/2025 03/07/25 | Pending | -- | -- | -- |
| 08/29/2024 08/29/24 | For Sale | $399,000 | +446.6% | $151 / Sq Ft |
| 05/15/2016 05/15/16 | Sold | $73,000 | -8.6% | $28 / Sq Ft |
| 05/01/2016 05/01/16 | Pending | -- | -- | -- |
| 06/19/2015 06/19/15 | For Sale | $79,900 | +59.8% | $30 / Sq Ft |
| 02/28/2012 02/28/12 | Sold | $50,000 | -16.7% | $19 / Sq Ft |
| 01/08/2012 01/08/12 | Pending | -- | -- | -- |
| 11/18/2011 11/18/11 | For Sale | $60,000 | -- | $23 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $175,000 | Choice One Abstract Inc | |
| Deed | $80,000 | None Available | |
| Deed | $73,000 | None Available | |
| Deed | $50,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $154,400 | Commercial | |
| Previous Owner | $94,500 | Commercial |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2388770
APN: 124115900
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