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$495,000
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Property Description
Welcome to 506 Master Street, a modern duplex in the Ludlow section of Kensington, directly across from Cruz Playground and just a short walk to the shops and restaurants along Girard Avenue. Built in 2015, this turnkey property offers a perfect opportunity for an owner-occupant to offset their mortgage with rental income while enjoying the benefits of a booming neighborhood with significant nearby development. The lower unit (905 sq ft) features 2 bedrooms, 1 full bath, and a private rear yard perfect for outdoor entertaining or gardening. The upper unit (1,050 sq ft) also offers 2 bedrooms and 1 full bath, with large windows flooding the space with natural light. Both units feature hardwood floors, spacious layouts, separate laundry, and updated finishes that make moving in or leasing seamless. Additional highlights include: solar panels on the roof for energy savings, separate utilities for each unit, delivered fully vacant for immediate rental or occupancy flexibility. Previously rented at $1,650/month for the upper unit with potential for $2,000/month+ in today's market and $1,450/month for the lower unit with potential for $1,800/month+. Whether you're looking to build wealth or expand your investment portfolio with a low-maintenance property, 506 Master Street offers the ideal blend of location, modern construction, and long-term upside in a rapidly developing area. Don't miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.
Full Property Details
Full Property Details for 506 W Master St
General
- Sold For: $495,000
- Taxes: $1,080 (2024)
- Status: Closed
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2514750
- Added to Site: 272 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: 19122 (19122)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: KENSINGTON
- Driving Directions: On Master between Randolph and 5th
School Information
- School District: Philadelphia City
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Brick, Metal Siding
- Foundation: Concrete Perimeter
- Square Feet: 1,955
- Sq. Ft. Source: Estimated
- Living Area: 1,955 Sq. Ft.
- Finished Above Grnd: 1,955 Sq. Ft.
- Year Built: 2015
- Year Built Source: Estimated
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 918
- Lot Size Source: Assessor
- Lot Dimensions: 16.00 x 59.00
- Zoning: RSA5
Green Features
- Energy Generation: PV Solar Array(s) Leased
Financial Considerations
- Price Per Sq. Ft.: $242.97
- Assessment Year: 2025
- School Tax: $605
- City/TownTax: $475
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $77,200
- Tax Amount: $1,080
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: All appliances in as-is condition
Listed by Kurfiss Sotheby's International Realty, Lindsey Toconita
Sold by KW Empower, Carlos Masip
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Schools
Schools serving 506 W Master St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Ludlow James R School 550 Master Street, Philadelphia, PA 19122 | K-8 | 0.1 mi |
Penn Treaty Middle School 600 East Thompson Street, Philadelphia, PA 19125 | 9-12 | 1 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 506 W Master St
Date
Details
Price
Change
Source
3/13/2026
Sold
$495,000
4.21%
MLS
11/19/2025
Price Reduced
$475,000
-4.04%
MLS
10/15/2025
Price Reduced
$495,000
-5.71%
MLS
9/26/2025
Price Reduced
$525,000
-4.37%
MLS
9/05/2025
Price Reduced
$549,000
-4.52%
MLS
7/10/2025
Listed
$575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
506 W Master Street, Philadelphia, PA 19122 (MLS# PAPH2514750) is a Townhouse property that was sold at $495,000 on March 13, 2026. Want to learn more about 506 W Master Street? Do you have questions about finding other Townhouse 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.

