5230 N 2Nd Street, Philadelphia, PA 19120-3414 $225,000

# of Units: 3
Interior Sq. Ft: 1,688
Acreage: 0.06
Age:95 years
Taxes: $2,940
MLS#: PAPH2492912
Subdivision: Oak Lane
Design/Type:
Twin/Semi-Detached

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.

Taxes: $2,940
Home Assoc: No
Condo Assoc: No
Garage: N
Basement:
Pool: No Pool
School Dist: Philadelphia City

Features

Utilities
Radiator Heating, Natural Gas, None, None, Hot Water - Natural Gas, Public Water, Public Sewer

Garage/Parking
On Street

Interior
Attic, Hardwood Flooring, Wood Flooring, Solid Hardwood Flooring, Dry Wall

Exterior
Permanent Foundation, Flat Roof, Pitched Roof, Masonry

Contact Information

Listing Courtesy of: Elfant Wissahickon-Rittenhouse Square , (215) 893-9920

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Listing data as of 6/20/2025.