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MLS: #PAPH2647582, Listed By: Max Tanenbaum, JG Real Estate LLC, Source:Bright MLS

1010 N 5th Street

PHILADELPHIA, PA 19123

$1,150,000 $4,848/Mo

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Overview

Bed

Bath

3,686

Sqft

0.06

Acre(Lot)

Description

Classic brick-front Philadelphia semi-detached row in highly sought-after Northern Liberties. Large multifamily building with separate utilities. Functional units with some updated kitchens/baths. Layout: front studio, two 1‑bed front units, and a spacious bi-level 2‑bed rear with private entrance, huge yard, and off-street parking. Formerly connected to a renovated non-conforming studio (5th unit) via internal stairs, offering conversion potential. Units feature natural gas boilers, gas water heaters, and mini-split AC. Strong neighborhood appreciation history and upside potential. Offering memorandum available upon request. Listing agent related to owner. Legally a 4‑unit property; non-conforming 5th unit (3R) tied to a separate electric meter that also serves laundry and common lights. All utilities separately metered. Unit 1 (front) — studio; Units 2 & 3 (front) — 1BR; Unit 1‑2 (rear) — bi-level 2BR with private entrance, off-street parking reserved for the rear unit only, and large yard. Unit 3R (non-conforming) — renovated studio. The rear units were previously combined via an internal staircase that could be re-exposed to re-create a tri-level 3–4BR owners suite. Listing agent related to owner. Rent roll, offering memorandum, and renovation details available upon request. Buyer to verify square footage, permits and all information. The financial information presented herein is based on seller-provided operating history and is believed to be accurate but has not been independently verified. Real estate taxes reflect the 2026 tax year. Prospective purchasers should perform their own due diligence regarding future tax assessments and operating expenses. Repairs and maintenance expenses are based on the property's 2025 operating history. Ownership has historically self-managed the property; accordingly, no third-party management expense has been included in the operating statements. Investors should underwrite an appropriate management fee based on their intended ownership and management structure. The property has been maintained as a long-term investment and features a proven rental history. Several units have been renovated over time as they became vacant, with remaining legacy units presenting an opportunity for continued value creation through future renovations and rent growth. The pro forma financials, where provided, are intended to illustrate the potential income achievable through stabilization at market rental rates and should not be construed as a guarantee of future performance. All prospective purchasers are encouraged to independently verify income, expenses, leases, taxes, and all other financial information as part of their due diligence.

Property Details

Property Type : Residential Income

Price : $1,150,000

AD Id : 88187855

MLS Id : PAPH2647582

Beds : 4

Lot Size : 0.06 Acre

Living Area Size : 3,686

Year Built : 1920

County : PHILADELPHIA

Subdivision: Northern Liberties

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Features

Bedroom Information

Total beds: 4

Room Information

Has Basement: Yes Basement: Unfinished
Interior Features

Appliances: Gas Water Heater Laundry Features: Common Area
Heating & Cooling

Has Heating: Yes Heating: Electric, Natural Gas, Heat Pump, Radiant Has Cooling: Yes Cooling: Ductless, Electric

Building Information

Year Built: 1920 Building Area Total: 3686 Construction Materials: Brick, Block Pool Features: None Private Pool: No

Lot Information

Lot Size Acres: 0.06 Lot Size Source: Estimated Lot Size Square Feet: 2614

Property Information

Subdivision: NORTHERN LIBERTIES Source Property Type: Residential Income Postal Code Plus 4: 1443 Property SubType: Townhouse Property Age: 106

Listing Price Information

Listing Price: $1150000

Tax Information

Parcel Number: 881006677 Tax Year: 2026 Annual Tax: $10778

Parking Information

Parking Total: 1 Off Street, Driveway

Location Information

Direction: GPS WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
837 N 2nd Street #310, Philadelphia, PA, 19123	$450,000	2	3	1,575	1,575 SqFt
335-337R Poplar Street, Philadelphia, PA, 19123	$1,200,000	4	2	1,512	1,512 SqFt
635 N 7th Street #B2A, Philadelphia, PA, 19123	$749,900	3	4	2,296	2,296 SqFt
811 N Franklin Street, Philadelphia, PA, 19123	$999,900	8	--	3,132	3,132 SqFt

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