5331 Wayne Ave Philadelphia, PA 19144
Germantown NeighborhoodHighlights
- Deck
- Open Floorplan
- Bathtub with Shower
- Corner Lot
- Porch
- More Than Two Accessible Exits
About This Home
Cash Sale Only.
Located in Philadelphia's fast-growing Germantown neighborhood, this five-unit multifamily property offers more than 5,000 square feet of space and presents a rare value-add opportunity with only minimal work remaining before it can begin producing rental income. The property is currently set up as five units. Buyer is responsible for verifying zoning and obtaining any required zoning approvals or modifications. An accessory parking space on-site provides added convenience and long-term appeal for both investors and future tenants.
Extensive renovations have already been completed, with approximately 80% of the project finished. The remaining work is relatively minor, making this an ideal opportunity for investors seeking a light rehabilitation project in a neighborhood experiencing continued growth. Once the final improvements are completed and the units are occupied, the property has the potential to become a strong income-producing asset.
The building is configured with (1) studio apartment, (3) one-bedroom, one-bath units, and (1) two-bedroom, one-bath unit. Renovations include laminate flooring throughout, brand-new kitchens and bathrooms, in-unit washers and dryers, and energy-efficient mini-split heating and cooling systems. The front and rear second-floor units each feature private decks, adding valuable outdoor living space that enhances tenant appeal and rental desirability.
All units are fully electric and individually metered, simplifying utility management and billing. Projected monthly rents are approximately $1,200 for each one-bedroom, one-bath unit and $1,300 for the two-bedroom, one-bath unit. Based on these projections, the property has the potential to generate approximately $6,100 per month, or $73,200 annually, in gross rental income. This presents an attractive opportunity for investors seeking strong returns and future upside.
The property is being sold strictly AS-IS. The seller will make no repairs, and no city certification will be provided to the buyer.
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Listing Agent
(877) 366-2213 pabrokers@lptrealty.com LPT Realty, LLC Brokerage Phone: 8773662213 License #RS281573 Listed on: 06/16/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,249
Year Built
- Built in 1890 | Remodeled in 2025
Lot Details
- 2,400 Sq Ft Lot
- Lot Dimensions are 25.00 x 96.00
- Corner Lot
Parking
- Off-Street Parking
Home Design
- Quadruplex
- Masonry
Interior Spaces
- Bathtub with Shower
- 5,000 Sq Ft Home
- Open Floorplan
- Basement Fills Entire Space Under The House
Kitchen
- Electric Oven or Range
- Built-In Microwave
Laundry
- Front Loading Dryer
- Front Loading Washer
Outdoor Features
- Deck
- Porch
Utilities
- Ductless Heating Or Cooling System
- Wall Furnace
- Electric Water Heater
- Municipal Trash
Additional Features
- More Than Two Accessible Exits
- Dwelling with Separate Living Area
- Urban Location
Community Details
- 4 Units
- 3-Story Building
- Germantown Subdivision
Listing and Financial Details
- Tax Lot 108
- Assessor Parcel Number 124112500
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2027 | $5,249 | $340,800 | $68,160 | $272,640 |
| 2026 | $5,249 | $375,000 | $75,000 | $300,000 |
| 2025 | $3,541 | $375,000 | $75,000 | $300,000 |
| 2024 | $3,541 | $375,000 | $75,000 | $300,000 |
| 2023 | $3,541 | $253,000 | $50,600 | $202,400 |
| 2022 | $1,008 | $208,000 | $50,600 | $157,400 |
| 2021 | $2,300 | $0 | $0 | $0 |
| 2020 | $2,300 | $0 | $0 | $0 |
| 2019 | $2,269 | $0 | $0 | $0 |
| 2018 | $1,008 | $0 | $0 | $0 |
| 2017 | $2,462 | $0 | $0 | $0 |
| 2016 | $1,008 | $0 | $0 | $0 |
| 2015 | $17,226 | $0 | $0 | $0 |
| 2014 | -- | $176,300 | $18,862 | $157,438 |
| 2012 | -- | $18,208 | $3,922 | $14,286 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/16/2026 06/16/26 | For Sale | $325,000 | -- | $65 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $180,000 | None Listed On Document | |
| Quit Claim Deed | $60,000 | -- |
Source: Bright MLS
MLS Number: PAPH2636694
APN: 124112500
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