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MLS: #PAPH2634846, Listed By: Toma Holovatskyy, RE/MAX Plus, Source:Bright MLS

5230 Schuyler Street

PHILADELPHIA, PA 19144
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Bed 8

Bed

Bath 0

Bath

SqFt3,100

Sqft

Acres0.05

Acre(Lot)

Rare opportunity to acquire a fully occupied, turnkey 8-bed / 8-bath legal quad with long-term tenants through 2027, an active rental license, $60,636 in annual gross income, and room for value-add! Located right near the Queen Lane train station, it's under a 25-minute ride straight to Suburban Station in Center City Philadelphia. You're also right by William Penn Charter School, the Germantown Friends School field, and the Thomas Jefferson East Falls campus, with quick access to Route 1 and I-76, and (last but not least) Dunkin. This is a very strong location that attracts high-quality rental demand while still leaving plenty of room for appreciation in the years to come. The property has an excellent setup of 8 beds and 8 full baths, which makes it easy to lease. The basement is a 2-bed / 2-bath with luxury renovations, stainless steel appliances, a bar area, two fireplaces, beautiful bathrooms, and a washer and dryer. Unit 1 is a large, updated 3-bed / 3-bath with backyard access and washer/dryer. Unit 2F is a spacious 1 bed / 1 bath with a gorgeous kitchen and dining area and a stone accent wall, and Unit 2R is a cozy 2 bed / 2 bath, also with backyard access. Both second-floor units do not have washer/dryer. Current tenants have been in place since 2023/2024, and they're respectful, caring, and would like to stay. In Philadelphia, great tenants are paramount, and this property has them. Tenants have separate electric meters. The owner pays gas heating ($2,160/yr) and water ($2,040/yr), and insurance of $3,500/yr. Current rents are as follows: the basement (2 bed / 2 bath) is $1,690/mo with a lease ending 06/30/2027; Unit 1 (3 bed / 3 bath) is $1,353/mo ending 09/30/2027; Unit 2F (1 bed / 1 bath) is $1045/mo ending 06/30/2027.; and Unit 2R (2 bed / 2 bath) is $965/mo ending 11/30/2026 (potentially renewing). The property currently carries a homestead exemption with taxes just under $5,000; without it, taxes would be $6,100. Using the $6,100 figure, a 5% maintenance allowance, 3% vacancy, a $500 trash fee, $200 for rental license, and $300 for snow removal and utility expenses, the total expenses come to $19,965; NOI is $40,985, for a 7.5% cap rate. On turnover, the new owner has room to add value across three units by updating kitchens, adding washers and dryers, and making other improvements to push NOI and the cap rate well past 9%. Photos of Unit 2R coming soon. Inquire about the video walkthrough. Some pictures were AI-decluttered/edited.

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Detail Ic Property Details

Property Type : Residential Income

Price : $550,000

AD Id : 84878514

MLS Id : PAPH2634846

Beds : 8

Lot Size : 0.05 Acre

Living Area Size : 3,100

Year Built : 1900

County : PHILADELPHIA

Subdivision: None Available

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Map

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Feature Features

  • Bedroom Information

    Total beds: 8
  • Flooring Information

    Vinyl
  • Interior Features

    Appliances: Cooktop, Gas Water Heater, Refrigerator, Dishwasher, Washer, Dryer
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Radiant Has Cooling: Yes Cooling: Window Unit(s)

  • Building Information

    Year Built: 1900 Building Area Total: 3100 Patio And Porch Features: Patio Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.05 Lot Size Source: Estimated Lot Size Square Feet: 2358

    Property Information

    Subdivision: NONE AVAILABLE Source Property Type: Residential Income Postal Code Plus 4: 4012 Property SubType: Quadruplex Property Age: 126

  • Listing Price Information

    Listing Price: $550000

  • Tax Information

    Parcel Number: 123242500 Tax Lot: 89 Tax Year: 2026 Annual Tax: $4928

  • Parking Information

    None

  • Utility Information

    Natural Gas Available, Electricity Available
  • Location Information

    Direction: Please use GPS WaterSource: Public
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Nearby Home Value

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5607 Baynton Street, Philadelphia, PA, 19144 $335,000 4 -- 2,508 2,508 SqFt
363 E Chelten Avenue, Philadelphia, PA, 19144 $245,000 5 -- 2,481 2,481 SqFt
5331 Wayne Avenue, Philadelphia, PA, 19144 $325,000 5 -- 5,000 5,000 SqFt
321 E Price Street, Philadelphia, PA, 19144 $350,000 9 -- 3,322 3,322 SqFt
5506 Greene Street, Philadelphia, PA, 19144 $489,000 5 -- 3,316 3,316 SqFt
310 W Earlham Terrace, Philadelphia, PA, 19144 $375,000 8 3 2,754 2,754 SqFt
508 W Midvale Avenue, Philadelphia, PA, 19144 $285,000 5 -- 1,966 1,966 SqFt

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ByOwner last updated this listing 06/24/2026 @ 03:56

MLS: PAPH2634846 LISTED BY: Toma Holovatskyy, RE/MAX Plus 215-422-3711 SOURCE: Bright MLS

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