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$379,900 Just Listed
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Property Description
Prime mixed-use investment opportunity! Located in a high-visibility, heavy-traffic corridor in Philadelphia. This income-producing property offers a versatile storefront ideal for retail, office, or service-based use, with strong exposure and consistent foot traffic. The property features two residential units, each with separate street access for added privacy and convenience. The first unit includes one bedroom, a kitchen, a living room area, a full bathroom, and a private street-level entrance. The second unit offers two bedrooms, a living room, a full kitchen, a full bathroom, and a laundry area with all the proper hookups. Both apartments have the potential to generate a good amount of rental income! A rare highlight of this property is the expansive private garage with capacity for at least seven vehicles. The garage is secured with a gated entrance and remote-control access, making it ideal for tenants, business use, or additional rental income. This property presents a strong opportunity for investors seeking steady cash flow and long-term appreciation. Don't miss the chance to own a well-positioned, high-potential asset in a thriving Philadelphia location!
Full Property Details
Full Property Details for 501 Rising Sun Ave
General
- Price: $379,900
- Taxes: $1,171 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2606736
- Updated: 4/13/2026
- Added to Site: 2 day(s) ago
Business
- Business Type: Apartment Building, Auto Related, Other/General Reta
Rooms
Bathrooms
- Restrooms: 4
Parking
- Total Spaces: 7
- Parking Features: Fenced, Private
- Parking Type: Private Garage
Location
- Area: 19140 (19140)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: Use GPS
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Drive-In Doors: 1
- Building Size: 1680
- Year Built: 1920
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 2,991
- Lot Size Source: Assessor
- Lot Dimensions: 42.00 x 72.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $226.13
- Assessment Year: 2026
- School Tax: $656
- City/TownTax: $515
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $83,700
- Tax Amount: $1,171
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 352
Listed by Martinez Real Estate, Mario A Gonzalez
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Schools
Schools serving 501 Rising Sun Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Taylor Bayard School 3698 North Randolph Street, Philadelphia, PA 19140 | K-5 | 0.2 mi |
Clemente Roberto Middle School 122 West Erie Avenue, Philadelphia, PA 19140 | 6-8 | 0.5 mi |
Edison Hs/Fareira Skills 151 West Luzerne Street, Philadelphia, PA 19140 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 Rising Sun Ave
Date
Details
Price
Change
Source
4/13/2026
Listed
$379,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 501 Rising Sun Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,172
—
$83,700
—
2024
$1,172
-16%
$83,700
-16%
2023
$1,387
17%
$99,100
100%
2021
$1,188
-14%
-100%
2022
$1,387
17%
$99,100
17%
2020
$1,188
1%
$84,900
1%
2019
$1,177
3%
$84,100
3%
2018
$1,144
-36%
$81,700
-36%
2017
$1,799
—
$128,500
—
2016
$1,799
4%
$128,500
—
2015
$1,722
—
$128,500
—
2014
$1,722
244%
$128,500
2410%
2013
$500
—
$5,120
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 Rising Sun Ave
501 Rising Sun Avenue, Philadelphia, PA 19140 (MLS# PAPH2606736) is a Apartment property. 501 Rising Sun Avenue is currently listed for $379,900 and was received on April 13, 2026. Want to learn more about 501 Rising Sun Avenue? Do you have questions about finding other Apartment real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

