1. Pennsylvania
2. Philadelphia
3. 5230 N 2ND STREET

5230 N 2ND STREET, Philadelphia, PA 19120

• 1,688 sqft

Property Description

This duplex property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $34,450 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive 11% return—delivering immediate cash flow with significant room for future appreciation. Located on a leafy, residential block in desirable Oak Lane, this spacious home offers solid bones, original charm, and multiple value-add opportunities. Interior highlights include high ceilings, large windows, and original trim work that lend character and natural light throughout. While the property requires cosmetic updates—such as new flooring, fresh paint, and general cleanup—the existing layout offers an ideal foundation for a profitable renovation. Whether you're looking for a flip or a long-term rental, this is a versatile investment. With the right improvements, it can be repositioned for higher rents or increased market value, making it a strong candidate for the BRRRR strategy or Section 8 placement post-rehab. Don’t miss the chance to turn this classic duplex into a high-performing asset in a growing neighborhood.

Listing Status:

Active

Listing Office:

Elfant Wissahickon-Rittenhouse Square : 2158939920

Listing Agent:

Katherine Vail : 2156684989

MLS ID:

PAPH2492912

Interior

• General: Attic
• Flooring: HardwoodSolid HardwoodWood
• A/C: None
• Heating: YRadiatorNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Katherine Vail, Elfant Wissahickon-Rittenhouse Square