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MLS: #PAPH2640810, Listed By: Deidre Quinn, EXP Realty, LLC, Source:Bright MLS

5241 Walnut Street

PHILADELPHIA, PA 19139
Mark as Favorite
Bed 6

Bed

Bath 0

Bath

SqFt1,500

Sqft

Acres0.04

Acre(Lot)

Prime investment opportunity in the highly desirable Spruce Hill neighborhood of Philadelphia. Ideally positioned within the thriving University City area, 5241 Walnut Street is a well maintained triplex offering three spacious 2 bedroom, 1 bathroom apartments, each occupying its own floor. The second floor unit is currently vacant, providing an immediate opportunity for an owner occupant or the ability to lease at today's market rents. The first floor apartment features its own private entrance along with direct access to the rear yard and unfinished basement, creating additional storage and utility space. Each apartment is equipped with its own HVAC system providing central heating and air conditioning, in unit washer and dryer, separate hot water heater, and individually metered water, gas, and electric. The owner also benefits from a separate electrical meter serving the common areas, simplifying property management. Spruce Hill continues to be one of Philadelphia's strongest rental markets thanks to its location adjacent to University City, one of the region's largest employment and innovation hubs. The neighborhood is home to a significant renter population and is consistently sought after by students, university faculty, healthcare professionals, researchers, and young professionals due to its proximity to major employers and educational institutions. University City alone supports nearly 80,000 jobs across healthcare, higher education, technology, and life sciences, creating a deep and stable tenant pool. Residents enjoy convenient access to the campuses of the University of Pennsylvania and Drexel University, as well as leading medical institutions including Penn Medicine and Children's Hospital of Philadelphia. Multiple SEPTA trolley routes, the Market Frankford Line, regional rail connections, and nearby 30th Street Station provide excellent connectivity throughout Philadelphia and beyond. The neighborhood also offers an abundance of local restaurants, cafés, parks, and shopping, further enhancing its long term appeal to renters. Whether you're looking to expand your investment portfolio or take advantage of an owner occupied opportunity with rental income, 5241 Walnut Street offers strong fundamentals in one of Philadelphia's most consistently desirable investment locations.

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Detail Ic Property Details

Property Type : Residential Income

Price : $349,999

AD Id : 88361685

MLS Id : PAPH2640810

Beds : 6

Lot Size : 0.04 Acre

Living Area Size : 1,500

Year Built : 1925

County : PHILADELPHIA

Subdivision: Spruce Hill

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Feature Features

  • Bedroom Information

    Total beds: 6

    Room Information

    Has Basement: Yes Basement: Full
  • Interior Features

    Appliances: Electric Range, Electric Oven, Electric Water Heater, Dryer, Refrigerator, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Central Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1925 Building Area Total: 1500 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 15.00 x 112.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1682

    Property Information

    Subdivision: SPRUCE HILL Source Property Type: Residential Income Postal Code Plus 4: 4027 Property SubType: Triplex Property Age: 101

  • Listing Price Information

    Listing Price: $349999

  • Tax Information

    Parcel Number: 602049700 Tax Lot: 245 Tax Year: 2025 Annual Tax: $3149

  • Parking Information

    None

  • Location Information

    Direction: On Walnut WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
120 S 46th Street, Philadelphia, PA, 19139 $585,000 6 -- 2,600 2,600 SqFt
122 S 46th Street, Philadelphia, PA, 19139 $585,000 6 -- 2,600 2,600 SqFt
118 S 46th Street, Philadelphia, PA, 19139 $585,000 6 -- 2,600 2,600 SqFt
4631 Locust Street, Philadelphia, PA, 19139 $675,000 3 -- 1,950 1,950 SqFt
4640 Sansom Street, Philadelphia, PA, 19139 $585,000 3 -- 2,760 2,760 SqFt
865 N 47th Street, Philadelphia, PA, 19139 $297,500 4 -- 1,112 1,112 SqFt
4815 Walnut Street, Philadelphia, PA, 19139 $425,000 5 -- 3,200 3,200 SqFt
4841 Haverford Avenue, Philadelphia, PA, 19139 $180,000 5 -- 1,330 1,330 SqFt
207 S 49th Street, Philadelphia, PA, 19139 $685,000 8 -- 2,040 2,040 SqFt
823 N 49th Street, Philadelphia, PA, 19139 $135,000 4 -- 1,256 1,256 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 07/26/2026 @ 23:22

MLS: PAPH2640810 LISTED BY: Deidre Quinn, EXP Realty, LLC 888-397-7352 SOURCE: Bright MLS

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