5000 Florence Ave, Philadelphia, PA 19143

Philadelphia
Local realty services provided by:ERA Martin Associates
5000 Florence Ave,Philadelphia, PA 19143
$599,000
  • 5 Beds
  • - Baths
  • 2,550 sq. ft.
  • Multi-family
  • Active
Listed by: brannon john, noah s ostroff
Office: kw empower
MLS#:PAPH2540486
Source:BRIGHTMLS

Price summary

  • Price:$599,000
  • Price per sq. ft.:$234.9

About this home

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 under market value 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...

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Home facts

  • Year built:1925
  • Listing ID #:PAPH2540486
  • Added:186 day(s) ago
  • Updated:March 31, 2026 at 01:32 PM

Rooms and interior

  • Bedrooms:5
  • Basement:Yes
  • Basement Description:Side Entrance
  • Living area:2,550 sq. ft.

Heating and cooling

  • Heating:Baseboard - Hot Water, Natural Gas

Structure and exterior

  • Year built:1925
  • Building area:2,550 sq. ft.
  • Lot area:0.05 Acres
  • Architectural Style:Traditional
  • Construction Materials:Masonry

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,000
  • Price per sq. ft.:$234.9
  • Tax amount:$5,916 (2025)

Parking

  • Parking description:Additional Storage Area, Detached Garage
  • Garage:Yes
  • Garage spaces:2

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