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MLS: #PAPH2540486, Listed By: Brannon John, KW Empower, Source:Bright MLS

5000 Florence Avenue

PHILADELPHIA, PA 19143
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Bed 5

Bed

Bath 0

Bath

SqFt2,550

Sqft

Acres0.05

Acre(Lot)

TriPlex. Seller Assist Available with approved offer. 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 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $589,000

AD Id : 68114761

MLS Id : PAPH2540486

Beds : 5

Lot Size : 0.05 Acre

Living Area Size : 2,550

Year Built : 1925

Garage : 2

County : PHILADELPHIA

Subdivision: Wynnefield

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Feature Features

  • Bedroom Information

    Total beds: 5

    Room Information

    Has Basement: Yes
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Baseboard Cooling: None

  • Building Information

    Year Built: 1925 Building Area Total: 2550 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 22.00 x 105.00 Lot Size Acres: 0.05 Lot Size Source: Assessor Lot Size Square Feet: 2283

    Property Information

    Subdivision: SQUIRREL HILL Source Property Type: Residential Income Postal Code Plus 4: 3300 Property SubType: Triplex Property Age: 101

  • Listing Price Information

    Listing Price: $589000

  • Tax Information

    Parcel Number: 511147210 Tax Lot: 2199 Tax Year: 2025 Annual Tax: $5916

  • Parking Information

    Parking Total: 2 Garage, Detached

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Corner of Florence Ave and 50th Street WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1327 S 49th Street, Philadelphia, PA, 19143 $45,000 -- -- 1,917 1,917 SqFt
4630 Chester Avenue, Philadelphia, PA, 19143 $585,000 6 -- 2,454 2,454 SqFt
1726 S 53rd Street, Philadelphia, PA, 19143 $294,900 3 -- 1,158 1,158 SqFt
4725 Chester Avenue, Philadelphia, PA, 19143 $5,999,999 26 -- 20,640 20,640 SqFt
902 S 47th Street, Philadelphia, PA, 19143 $409,900 8 -- 3,690 3,690 SqFt
4921 Chester Avenue, Philadelphia, PA, 19143 $1,195,000 7 -- 4,300 4,300 SqFt
1414 S 52nd Street, Philadelphia, PA, 19143 $205,000 4 -- 1,652 1,652 SqFt
512 S 47th Street, Philadelphia, PA, 19143 $750,000 6 -- 2,503 2,503 SqFt
1309 S 52nd Street, Philadelphia, PA, 19143 $1,250,000 10 -- 6,500 6,500 SqFt
4733 Cedar Avenue, Philadelphia, PA, 19143 $699,000 5 -- 2,875 2,875 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/14/2026 @ 13:42

MLS: PAPH2540486 LISTED BY: Brannon John, KW Empower 215-627-3500 SOURCE: Bright MLS

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