5000 FLORENCE AVE new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19143
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,550 sqft
Price per Sqft $258
Subdivision Squirrel Hill
MLS Listing ID PAPH2540486
Style Traditional
Abv Grd Liv Area 2,550
Year Built 1925
Annual Tax Amount $5,916
Tax Year 2025
Lot Size 2,283 Sqft
Acres 0.05
Lot Dimensions 22.00 x 105.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
TriPlex. As a 1st time homeowner looking to house hack or a seasoned investor 5000 Florence Ave is ideal. Complete with a two-car garage that is perfectly suited for a future roof deck addition. With RM-1 zoning, the property allows for expansion of up to five units by right, offering a rare and valuable opportunity for both developers and investors. Currently the 3 units are rented with leases through March 2026, two 2bed/1bath and one 1bed/1bath bringing in $48,000 annually.
The home features a walk-out basement with shared laundry facilities and side yard garden, fire pit, and seating—ideal for entertaining on cozy fall nights. The building was owner occupied for more than 15 years always with a history of strong rental performance. Current rents remain under market, creating immediate upside for increased returns. Offered in As-Is condition, the property provides a blank canvas for repositioning, expansion, and long-term growth. Easy walking distance to UPenn and Drexel Universities as well as the Baltimore Avenue favorites like Carbon Copy, Mariposa C0-Op Grocery and Clark Park.
Whether your goal is to elevate rental income or expand the building to maximize its potential, this triplex presents a rare chance to secure an asset in a highly desirable location. Don't miss the opportunity to transform this property into a premier investment with exceptional promise.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning RM1
Rooms
Basement Side Entrance
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Additional Storage Area
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage Y
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 511147210
Ownership Fee Simple
SqFt Source 2550
Special Listing Condition Standard