Philadelphia, PA 19143,5000 FLORENCE AVE
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Philadelphia, PA 19143,5000 FLORENCE AVE
Philadelphia, PA 19143,5000 FLORENCE AVE
Philadelphia, PA 19143,5000 FLORENCE AVE
Philadelphia, PA 19143,5000 FLORENCE AVE
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Kara Shaffer

Kara Shaffer

+1(443) 926-3287
Listed by Brannon John • KW Empower
$ 599,000
Est. payment /mo
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Price Dropped by $45K

5000 FLORENCE AVE Philadelphia, PA 19143

2,550 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $234

Subdivision Squirrel Hill

MLS Listing ID PAPH2540486

Style Traditional

Abv Grd Liv Area 2,550

Year Built 1925

Annual Tax Amount $5,916

Tax Year 2025

Lot Size 2,283 Sqft

Acres 0.05

Lot Dimensions 22.00 x 105.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

TriPlex. 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 under market value with leases through March 2026, 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 cozy 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.

Location

State PA

County Philadelphia

Area 19143 (19143)

Zoning RM1

Rooms

Basement Side Entrance

Interior

Hot Water Natural Gas

Heating Baseboard - Hot Water

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Parking Features Additional Storage Area

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage Y

Building

Foundation Other

Above Ground Finished SqFt 2550

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 511147210

Ownership Fee Simple

SqFt Source 2550

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Penn Alexander School

    Public | KG - 8

  • 9

    Gamp

    Public | 5 - 12

  • 6

    Albert M. Greenfield School

    Public | KG - 8

  • 5

    East Lansdowne Elementary School

    Public | KG - 6

  • 5

    Colwyn Elementary School

    Public | KG - 6

  • 5

    W B Evans Magnet School

    Public | KG - 6

  • 4

    Park Lane Elementary School

    Public | KG - 6

  • 4

    Overbrook Educational Center

    Public | KG - 8

  • 4

    West Philadelphia Achievement Ces

    Public | KG - 5

  • 4

    Overbrook Elementary School

    Public | KG - 6

  • 4

    Philadelphia Montessori Charter School

    Public | PK - 6

  • 4

    Andrew Hamilton School

    Public | KG - 8

  • 4

    Mastery Charter School Mann Elementary

    Public | KG - 6

  • 4

    Discovery Charter School

    Public | KG - 8

  • 4

    Martha Washington Elementary Academics

    Public | KG - 8

  • 4

    Robert Morris School

    Public | KG - 8

  • 4

    Chester A. Arthur School

    Public | KG - 8

  • 3

    Bell Avenue School

    Public | KG - 6

  • 3

    Southwest Leadership Academy Charter School

    Public | KG - 8

  • 3

    Mastery Charter School at Harrity

    Public | KG - 8

Middle Schools 4
  • 4

    Boys Latin of Philadelphia Charter School

    Public | 6 - 12

  • 4

    Mastery Charter School -Shoemaker Campus

    Public | 7 - 12

  • 1

    Penn Wood Middle School

    Public | 7 - 8

  • 1

    Dimner Beeber Middle School

    Public | 6 - 8

High Schools 16
  • 5

    Preparatory Charter School of Mathematics Science

    Public | 9 - 12

  • 4

    Motivation High School

    Public | 9 - 12

  • 4

    Parkway West

    Public | 9 - 12

  • 4

    Paul Robeson High School for Human Services

    Public | 9 - 12

  • 1

    William L. Sayre High School

    Public | 9 - 12

  • 1

    Overbrook High School

    Public | 9 - 12

  • 1

    John Bartram High School

    Public | 9 - 12

  • 1

    West Philadelphia High School

    Public | 9 - 12

  • 1

    The Workshop School

    Public | 9 - 12

  • 1

    School of the Future

    Public | 9 - 12

  • 1

    Universal Audenried Charter High School

    Public | 9 - 12

  • 1

    Strawberry Mansion High School

    Public | 9 - 12

  • 0

    Talmudical Yeshiva of Philadelphia

    Private | 9 - 12

  • 0

    The Mill Creek School

    Private | 9 - 12

  • 0

    West Philadelphia Catholic High School

    Private | 9 - 12

  • 0

    Philadelphia Mennonite High School

    Private | 9 - 12

School and business data provided by Attom Data.
Kara Shaffer

Kara Shaffer

Advisor | License ID: 633377

+1(443) 926-3287

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5000 FLORENCE AVE