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$155,000

  • Sold
  • Closed
  • Duplex
  • 1,688 Sq. Ft.
See This Home
Save This Home
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Newly Repriced! This multi family property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $41,650 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive return-delivering immediate cash flow with significant room for future appreciation. Located on a leafy, residential block in desirable Oak Lane, this spacious home offers solid bones, original charm, and multiple value-add opportunities. Interior highlights include high ceilings, large windows, and original trim work that lend character and natural light throughout. While the property requires cosmetic updates-such as new flooring, fresh paint, and general cleanup-the existing layout offers an ideal foundation for a profitable renovation. Whether you're looking for a flip or a long-term rental, this is a versatile investment. With the right improvements, it can be repositioned for higher rents or increased market value, making it a strong candidate for the BRRRR strategy or Section 8 placement post-rehab. Don't miss the chance to turn this classic triplex into a high-performing asset in a growing neighborhood.

Full Property Details for 5230 N 2nd St

General

  • Sold For: $155,000
  • Taxes: $2,940 (2024)
  • Status: Closed
  • Type: Duplex
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2492912
  • Added to Site: 222 day(s) ago

Interior

  • Interior Features: Attic
  • Flooring: Hardwood, Solid Hardwood, Wood

Parking

  • Parking Type: On Street

Location

  • Area: 19120 (19120)
  • Municipality: PHILADELPHIA
  • County: Philadelphia
  • Development Name: Oak Lane
  • Subdivision: Oak Lane
  • Driving Directions: Please use GPS

School Information

  • School District: Philadelphia City

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: AirLite
  • Architectural Style: AirLite
  • Structure Type: Twin/Semi-Detached
  • Construction: Masonry
  • Foundation: Permanent
  • Roof: Flat, Pitched
  • Walls/Ceilings: Dry Wall
  • Stories/Levels: 0
  • Square Feet: 1,688
  • Sq. Ft. Source: Assessor
  • Living Area: 1,688 Sq. Ft.
  • Finished Above Grnd: 1,688 Sq. Ft.
  • Year Built: 1930
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • 1 Bedroom Units: 1
  • 2 Bedroom Units: 1
  • 3 Bedroom Units: 1

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,591
  • Lot Size Source: Assessor
  • Lot Dimensions: 20.00 x 130.00
  • Zoning: RSA5

Financial Considerations

  • Price Per Sq. Ft.: $103.67
  • Assessment Year: 2025
  • School Tax: $1,646
  • City/TownTax: $1,294
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $210,100
  • Tax Amount: $2,940
  • Tax Year: 2024
  • Terms: Standard Sale
  • Tax Total Finished Sq. Ft.: 1688

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 271

Listed by Elfant Wissahickon-Rittenhouse Square, Katherine Vail
Sold by Giraldo Real Estate Group, Coraly Batista

Listing agent

— 5230 N 2nd St —

  • Katherine Vail

    Elfant Wissahickon-Rittenhouse Square

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 5230 N 2nd St

School District:Philadelphia City School District
NameGradesDistance
Morrison Andrew J School
5100 North 3rd Street, Philadelphia, PA 19120
K-80.2 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 5230 N 2nd St

Date
Details
Price
Change
Source
10/31/2025
Sold
$155,000
-11.43%
MLS
8/27/2025
Price Reduced
$175,000
-12.06%
MLS
7/02/2025
Price Reduced
$199,000
-11.56%
MLS
6/10/2025
Listed
$225,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Elfant Wissahickon-Rittenhouse Square, Katherine Vail
Sold by Giraldo Real Estate Group, Coraly Batista

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5230 N 2nd Street, Philadelphia, PA 19120 (MLS# PAPH2492912) is a Duplex property that was sold at $155,000 on October 31, 2025. Want to learn more about 5230 N 2nd Street? Do you have questions about finding other Duplex real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.