5402 Lebanon Avenue, PHILADELPHIA, Pennsylvania image 1

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MLS: #PAPH2653438, Listed By: Sharita Price, Real Estate Bosses, Source:Bright MLS

5402 Lebanon Avenue

PHILADELPHIA, PA 19131

$229,500 $967/Mo

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Overview

Bed

Bath

1,400

Sqft

Description

INVESTOR ALERT & OWNER-OCCUPANT OPPORTUNITY in desirable Wynnefield! This well-maintained duplex offers the perfect combination of immediate rental income, value-add potential, and flexibility for investors or buyers looking to house hack. Unit 1 is vacant and move-in ready, featuring 2 spacious bedrooms, 1 bathroom, recent updates with modern finishes, and a private, serene balcony. Live in one unit while generating income from the other, or lease both units to maximize the property's earning potential! Unit 2 features 1 bedroom and 1 bathroom and is currently occupied by a long-term tenant, providing rental income from day one. Looking for even more upside? The basement features high ceilings and a functional bathroom, presenting potential for additional living space and possible conv ersion to a third unit, subject to zoning, permits, licensing, and City approval. Buyer is responsible for verifying feasibility and permitted use. Based on current PHA payment standards, a 2-bedroom may qualify for rents up to $2,010/month and a 1-bedroom up to $1,690/month (buyer to independently verify current payment standards and eligibility). Located near shopping, public transportation, schools, and major roadways, this property offers convenience along with strong income potential. EVEN BETTER—purchase this property separately or create a larger investment opportunity by purchasing it together with the neighboring, legally zoned fourplex at 5400 Lebanon Ave! Whether you're an investor looking to expand your portfolio, an owner-occupant looking to offset your mortgage with rental income, or a buyer searching for a value-add opportunity, this Wynnefield property deserves a closer look. Schedule your showing and explore the possibilities! Buyer responsible for verifying all rental rates, PHA standards, and zoning.

Property Details

Property Type : Residential

Price : $229,500

AD Id : 88860767

MLS Id : PAPH2653438

Beds : 3

Living Area Size : 1,400

Year Built : 1920

Garage : 1

County : PHILADELPHIA

Subdivision: Wynnefield

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Has Basement: Yes
Interior Features

Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Electric, Baseboard Has Cooling: Yes Cooling: Window Unit(s), Electric

Building Information

Year Built: 1920 Building Area Total: 1400 Construction Materials: Brick Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 16X113 Lot Size Source: Estimated Lot Size Square Feet: 1808

Property Information

Subdivision: WYNNEFIELD Source Property Type: Residential Postal Code Plus 4: 3125 Property SubType: Townhouse Levels: Two Property Age: 106

Listing Price Information

Listing Price: $229500

Tax Information

Parcel Number: 522069300 Tax Lot: 7010 Tax Year: 2026 Annual Tax: $2696

Parking Information

Parking Total: 1 Off Street, On Street, Alley Access, Garage, Basement, Attached

Garage Information

Has Garage: Yes Has Attached Garage: Yes Garage Space: 1

Location Information

Direction: Head east on City Ave. Turn right onto N 54th Street. Go about 0.3 miles (3 blocks). Turn left onto Lebanon Avenue WaterSource: Public Security Features: Smoke Detector(s), Carbon Monoxide Detector(s)

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