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MLS: #PAPH2541744, Listed By: Brannon John, KW Empower, Source:Bright MLS

5000 Florence Avenue

PHILADELPHIA, PA 19143
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Bed 5

Bed

Bath 3

Bath

SqFt2,550

Sqft

Acres0.05

Acre(Lot)

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. 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 below mark rate, 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 co zy 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

Price : $589,000

AD Id : 68114408

MLS Id : PAPH2541744

Beds : 5

Lot Size : 0.05 Acre

Living Area Size : 2,550

Year Built : 1925

Garage : 2

County : PHILADELPHIA

Subdivision: Watershed

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    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 Postal Code Plus 4: 3300 Property SubType: Townhouse Levels: Two 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
4616 Paschall Avenue, Philadelphia, PA, 19143 $548,000 4 3 2,800 2,800 SqFt
4618 Paschall Avenue, Philadelphia, PA, 19143 $324,900 3 3 2,000 2,000 SqFt
1351 S 46th Street, Philadelphia, PA, 19143 $349,900 3 3 1,200 1,200 SqFt
1437 S 47th Street, Philadelphia, PA, 19143 $190,000 3 2 920 920 SqFt
1433 S 47th Street, Philadelphia, PA, 19143 $130,000 2 2 920 920 SqFt
4746 Paschall Avenue, Philadelphia, PA, 19143 $105,000 3 1 1,046 1,046 SqFt
4750 Paschall Avenue, Philadelphia, PA, 19143 $245,000 3 2 1,446 1,446 SqFt
1337 S May Street, Philadelphia, PA, 19143 $299,999 3 1 1,096 1,096 SqFt
1331 S May Street, Philadelphia, PA, 19143 $325,000 3 2 1,096 1,096 SqFt
1314 S 46th Street, Philadelphia, PA, 19143 $674,900 4 5 3,000 3,000 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 06/19/2026 @ 18:36

MLS: PAPH2541744 LISTED BY: Brannon John, KW Empower 215-627-3500 SOURCE: Bright MLS

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