5402 LEBANON AVE Philadelphia, PA 19131
3 Beds
2 Baths
1,400 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,400 sqft
Price per Sqft $163
Subdivision Wynnefield
MLS Listing ID PAPH2653438
Style Traditional
Bedrooms 3
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 1,400
Year Built 1920
Annual Tax Amount $2,696
Tax Year 2026
Lot Size 1,808 Sqft
Lot Dimensions 16X113
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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 conversion 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.
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning RSA5
Rooms
Basement Garage Access
Main Level Bedrooms 2
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Fireplaces Number 1
Fireplaces Type Non-Functioning
Furnishings Partially
Fireplace Y
Heat Source Electric
Exterior
Parking Features Basement Garage, Additional Storage Area
Garage Spaces 1.0
Water Access N
Accessibility None
Attached Garage 1
Total Parking Spaces 1
Garage Y
Private Pool No
Building
Story 2
Foundation Brick/Mortar
Above Ground Finished SqFt 1400
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Senior Community No
Tax ID 522069300
Ownership Fee Simple
SqFt Source 1400
Security Features Smoke Detector,Carbon Monoxide Detector(s)
Acceptable Financing Cash, Conventional, FHA, Private, VA
Listing Terms Cash, Conventional, FHA, Private, VA
Financing Cash,Conventional,FHA,Private,VA
Special Listing Condition Standard
