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$425,000

  • For Sale
  • Active
  • Apartment
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5214 Wayne Avenue | Philadelphia, PA 19144 Legal 5-Unit Multifamily | West Germantown | Priced to Sell | 1031 Exchange Opportunity Exceptional investment opportunity in one of Northwest Philadelphia's most active growth corridors! 5214 Wayne Avenue is a fully leased, low-maintenance legal 5-unit multifamily property offering both immediate income and long-term development upside. Sitting on nearly 22,000 sq ft of land with a 5,100 sq ft building footprint, the property utilizes less than 25% of its lot-ideal for expansion, additional units, or creative value-add projects. Current monthly gross income $4,658 (average $856 per unit) leaves room to raise rents or reconfigure layouts to meet demand. Located just off Chelten & Wayne Avenues near the growing Mt. Airy and East Falls borders, residents enjoy walkable access to transit, shops, cafés, and Wissahickon Valley Park. Minutes to Wayne Junction Station and major routes. Highlights: Owner Retiring - Priced to Sell 1031 Exchange Ready - Immediate Tax Savings Fully Leased, Well Maintained for 20+ Year 2025 Lead Safety Certification for all unit No L & I Violations Massive 22,000 SF Lot / Development Potential High-Demand West Germantown Location Turnkey cash flow today, with significant upside for the next investor or developer.

Full Property Details for 5214 Wayne Ave

General

  • Price: $425,000
  • Taxes: $8,244 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2554390
  • Updated: 2/9/2026
  • Added to Site: 107 day(s) ago

Business

  • Business Type: Apartment Building

Rooms

Bathrooms

  • Restrooms: 5

Parking

  • Total Spaces: 3
  • Parking Type: Driveway, On Street

Location

  • Area: 19144 (19144)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: GERMANTOWN (WEST)
  • Cross Streets: Queen Lane
  • Driving Directions: Head northwest on Coulter Ave toward Anderson Ave î•· 12 sec (98 ft) î—Œ Take Montgomery Ave, Bryn Mawr Ave, Rock Hill Rd/State Rte 3052, I-76 E and US-1 N/U.S. Rte 1 N to Wayne Ave in Philadelphia 21 min (9.1 mi) 5214 Wayne Ave Philadelphia, PA 19144

School Information

  • High School: Germantown

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Stone
  • Roof: Pitched
  • Ceiling Height: 15' to 18'
  • Year Built: 1900
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

  • Lot Size (Acres): 0.51
  • Lot Size (Sq. Ft.): 22,000
  • Lot Size Source: Estimated
  • Lot Dimensions: 76.00 x 26.00
  • Fence: Yes
  • Zoning: RTA1
  • Lot Description: Rear Yard, SideYard(s), Front Yard

Financial Considerations

  • Assessment Year: 2025
  • School Tax: $4,617
  • City/TownTax: $3,627
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $589,000
  • Tax Amount: $8,244
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes
  • Lot Number: 37

Listed by Keller Williams Main Line, Lisa Yvette Risco and Keller Williams Main Line, Sam A Akif

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Listing agents

— 5214 Wayne Ave —

  • Lisa Yvette Risco

    Keller Williams Main Line

  • Sam A Akif

    Keller Williams Main Line

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5214 Wayne Ave

School District:Philadelphia City School District
NameGradesDistance
Kelly John B School
5116 Pulaski Avenue, Philadelphia, PA 19144
K-50.2 mi
King Martin Luther High School
6100 Stenton Avenue, Philadelphia, PA 19138
9-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5214 Wayne Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/09/2026
Price Reduced
$425,000
-5.56%
MLS
11/07/2025
Listed
$450,000
80%
MLS
10/23/2006
Sold
$250,000
—
Public Record
Get Price Alerts and Save Property
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 for 5214 Wayne Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,245
—
$589,000
—
2024
$8,245
161%
$589,000
100%
2021
$3,154
-39%
-100%
2023
$5,155
63%
$368,300
63%
2020
$3,154
1%
$225,300
1%
2019
$3,112
3%
$222,300
3%
2018
$3,026
—
$216,200
—
2017
$3,026
—
$216,200
—
2016
$3,026
17%
$216,200
12%
2015
$2,577
—
$192,300
—
2014
$2,577
-8%
$192,300
568%
2013
$2,814
—
$28,800
—
View All
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 for 5214 Wayne Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Main Line, Lisa Yvette Risco and Keller Williams Main Line, Sam A Akif

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5214 Wayne Avenue, Philadelphia, PA 19144 (MLS# PAPH2554390) is a Apartment property. 5214 Wayne Avenue is currently listed for $425,000 and was received on November 07, 2025. Want to learn more about 5214 Wayne Avenue? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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