BEDS5
BATHS3 full
SQUARE FEET2,550
MLS#PAPH2541744
STATUSACTIVE
PROPERTY TYPEResidential - Townhouse
SUBDIVISIONSQUIRREL HILL
SCHOOLPHILADELPHIA CITY
Property Description
Currently a Triplex with RM-1 Zoning allowing you to change it back into your dream home single family or add an additional 2 units as multi-family. 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.
Property Features
Property Type: Residential - Townhouse
Basement: Yes
Basement: Side Entrance
Cooling: None
Fuel Type: Natural Gas
Garage: 2
Heating: Baseboard - Hot Water
Home Style: Traditional
Lot Size: 0.05 Acres
Stories: 2.0
Taxes: $5,916
Year Built: 1925
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 156
Exterior: Masonry
Lot Dimensions: 0.05 Acre(S)
Municipality: PHILADELPHIA
Parking Notes: 2 Total Parking Spaces
Sewer: Public Sewer
SQFT Above Finished: 2550
SQFT Total Finished: 2550
Structure Type: Interior Row/Townhouse
Total Garage/Parking Spaces: 2
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: KW Empower
Agency Phone: 2156273500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,000.82 per month $1,333.11 Principal & Interest $493.00 Property Tax $174.71 Homeowner's InsuranceChange Payment Information
5000 Florence Avenue | MLS# PAPH2541744
This townhouse located at 5000 Florence Avenue, Philadelphia, PA 19143 is currently listed for sale with an asking price of $599,000. This property was built in 1925 and has 5 bedrooms and 3 full baths with 2550 sq. ft. Florence Avenue is located in the SQUIRREL HILL subdivision within the PHILADELPHIA CITY school district. Search SQUIRREL HILL real estate on www.realtymarkllc.com today.