1511 N 54th St N, Philadelphia, PA 19131
Local realty services provided by:ERA Martin Associates
1511 N 54th St N,Philadelphia, PA 19131
$395,000
- 4 Beds
- - Baths
- 1,900 sq. ft.
- Multi-family
- Active
Listed by: arica miller
Office: kw empower
MLS#:PAPH2681514
Source:BRIGHTMLS
Price summary
- Price:$395,000
- Price per sq. ft.:$207.89
About this home
A Philadelphia Investment Opportunity With Income Potential, Purpose, and Possibility
Your next real estate investment could be more than a property. It could be the foundation of your next chapter in wealth building.
Welcome to 1511 N. 5th Street, Philadelphia, Pennsylvaniaa compelling opportunity for the visionary investor who understands that successful real estate investing is about more than acquiring a building. It is about recognizing potential, creating lasting value, and positioning yourself to benefit from the enduring need for quality rental housing.
This 3 unit residential investment presents an opportunity to establish or expand a rental portfolio in Philadelphia's dynamic urban real estate market. Featuring 2 - 1 bedroom units and 1 - 2 bedroom unit, the property offers a diversified residential configuration that can appeal to a range of prospective renters, subject to market demand, property condition, and applicable rental requirements.
For investors navigating today's higher borrowing costs, opportunities deserve to be evaluated through a disciplined lens: income potential, operating expenses, tenant demand, long-term appreciation prospects, and the ability to create value. This property offers an opportunity to explore all of those considerations in one investment.
3 units. Multiple income opportunities. One strategic acquisition.
The property's three-unit configuration is central to its investment appeal. An investor has the opportunity to generate income from 3 separate residential units.
The proposed rental-income analysis uses the Philadelphia Housing Authority payment standards previously discussed as a preliminary benchmark:
- Two one-bedroom units: $1,960 per month each.
- One two-bedroom unit: $2,330 per month.
Based on those assumptions, the property has a projected gross rental income of $6,250 per month, or $75,000 annually, before vacancy, operating expenses, and any adjustments required by the applicable rental program.
For an investor, this creates a starting point for evaluating the property's earning potential and developing a thoughtful acquisition strategy.
The final achievable rents must be independently verified. Housing Choice Voucher payment standards are not guaranteed rents, and the applicable ZIP code, voucher requirements, utilities, rent-reasonableness review, and property eligibility must all be confirmed.
An investment strategy for today's interest-rate environment
Higher interest rates have changed the way investors evaluate real estate. Borrowing costs can reduce cash flow, increase monthly debt service, and make careful underwriting more important than ever.
But higher rates do not automatically eliminate opportunity. They make the quality of the acquisition, the accuracy of the numbers, and the investor's strategy even more important.
At an asking price of $395,000, buyers can evaluate this property based on its potential rental income, anticipated operating expenses, financing structure, and long-term objectives.
(Note: Select photos have been virtually staged for visualization purposes only.)...
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Home facts
- Year built:1925
- Subdivision & Development:PHILADELPHIA (WEST)
- Listing ID #:PAPH2681514
- Added:4 day(s) ago
- Updated:October 21, 2026 at 01:43 PM
Rooms and interior
- Bedrooms:4
- Rooms Total:10
- Flooring:Laminated
- Kitchen Description:Combination Kitchen/Living, Kitchen - Eat-In, Stainless Steel Appliances, Stove, Water Heater
- Basement:Yes
- Basement Description:Full, Fully Finished, Walkout Level
- Living area:1,900 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Forced Air
Structure and exterior
- Roof:Asphalt
- Year built:1925
- Building area:1,900 sq. ft.
- Lot area:0.04 Acres
- Lot Features:Corner Lot/Unit
- Architectural Style:Dwelling with Rental
- Construction Materials:Masonry
- Foundation Description:Stone
Schools
- High school:WEST PHILADELPHIA
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$395,000
- Price per sq. ft.:$207.89
- Tax amount:$3,916 (2025)
Features and amenities
- Amenities:200+ Amp Service, Efficiency, Electric Available
Parking
- Parking description:On Street
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