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$85,000
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Property Description
Build your vision on this rare development opportunity in the heart of Philadelphia. Located at 5112 Wakefield St in the Germantown section, this offering includes two side-by-side vacant lots, each measuring 25x50, with 2,625 square feet per lot for a total of 5,250 square feet. The land is flat, industrial, and currently vacant, providing a clean slate for development without the need for demolition or extensive site work. Zoned residential (R), the property presents strong upside potential, with plans to pursue a zoning change that would allow for the construction of two triplexes-creating a six-unit residential complex. This setup offers an excellent opportunity for investors and developers looking to maximize density and returns in a growing Philadelphia neighborhood. With its straightforward lot configuration and development potential, this property is well-suited for a multi-unit residential project designed to meet increasing housing demand. Conveniently located near public transportation, neighborhood amenities, and major roadways, this site combines accessibility with long-term investment potential. Bring your plans and capitalize on the opportunity to develop a six-unit property in one of Philadelphia's established and evolving communities.
Full Property Details
Full Property Details for 5112 Wakefield St
General
- Price: $85,000
- Taxes: $1,056 (2014)
- Status: Active
- Type: Lots/Land
- Source: BrightMLSPhilly
- MLS ID: PAPH2593402
- Updated: 3/24/2026
- Added to Site: 23 day(s) ago
Location
- Area: 19144 (19144)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: GERMANTOWN
- Cross Streets: Chew
- Driving Directions: *
School Information
- School District: The School District Of Philadelphia
Utilities
- Sewer: No Septic Approved, On Site Septic
- Water: Public
Structural Information
- Current Bldg. Use: Vacant
Lot Features
- Lot Size (Acres): 0.12
- Lot Size (Sq. Ft.): 5,250
- Lot Size Source: Estimated
- Zoning: RSA-5
Financial Considerations
- Price Per Sq. Ft.: $16.19
- Tax w/Assessment: $78,800
- Tax Amount: $1,056
- Tax Year: 2014
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 4
Listed by BMB Living, Inc., Marvis Burns
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Schools
Schools serving 5112 Wakefield St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Roosevelt Theodore Middle School 430 East Washington Lane, Philadelphia, PA 19144 | 6-8 | 1.3 mi |
King Martin Luther High School 6100 Stenton Avenue, Philadelphia, PA 19138 | 9-12 | 1.7 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 5112 Wakefield St
Date
Details
Price
Change
Source
3/12/2026
Listed
$85,000
1033.33%
MLS
12/09/2022
Sold
$7,500
—
Public Record
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 5112 Wakefield St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$869
—
$62,100
—
2024
$869
—
$62,100
100%
2021
$869
—
-100%
2023
$869
—
$62,100
—
2020
$869
—
$62,100
—
2019
$869
3%
$62,100
3%
2018
$844
—
$60,300
—
2017
$844
—
$60,300
—
2016
$844
4%
$60,300
—
2015
$808
—
$60,300
—
2014
$808
-20%
$60,300
485%
2013
$1,007
—
$10,304
—
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 5112 Wakefield St
5112 Wakefield Street, Philadelphia, PA 19144 (MLS# PAPH2593402) is a Lots/Land property with a lot size of 0.12 acres. 5112 Wakefield Street is currently listed for $85,000 and was received on March 12, 2026. Want to learn more about 5112 Wakefield Street? Do you have questions about finding other Lots/Land 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.

