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$229,500
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Property Description
The seller is requesting highest and best offers by Sunday, August 16th at 12:00 PM (noon). INVESTOR & OWNER-OCCUPANT OPPORTUNITY | WYNNEFIELD Position yourself to capitalize on a versatile income-producing asset in Philadelphia's desirable Wynnefield neighborhood. This well-maintained duplex combines existing rental income, strong rent potential, and value-add upside-making it an attractive opportunity for investors and strategic owner-occupants alike. Unit 1 is vacant and move-in ready, offering 2 spacious bedrooms, 1 bathroom, modern updates, and a private balcony. An owner-occupant can move in while benefiting from income generated by the second unit, or an investor can lease the unit and position the property for increased cash flow. Unit 2 features 1 bedroom and 1 bathroom and is currently occupied by a long-term tenant, providing rental income from day one. INCOME POTENTIAL: The 2-bedroom unit offers potential rents of $1,400+/month, while the 1-bedroom unit offers approximately $1,290+/month. Rental figures are estimates based on current market conditions; buyer to independently verify rents and rental potential. THE BIGGER OPPORTUNITY: This duplex may be purchased individually or strategically acquired with the neighboring legally zoned fourplex at 5400 Lebanon Ave-creating the opportunity to control SIX residential units across two adjacent properties. Conveniently positioned near shopping, public transportation, schools, and major roadways, this property offers both accessibility and long-term investment potential. Whether your strategy is house hacking, portfolio expansion, rental income, or acquiring neighboring multifamily assets, this is an opportunity worth serious consideration. Schedule your private showing and evaluate the numbers for yourself.
Full Property Details
Full Property Details for 5402 Lebanon Ave
General
- Price: $229,500
- Taxes: $2,696 (2026)
- Status: Under Contract
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2657802
- Updated: 8/20/2026
- Added to Site: 21 day(s) ago
Rental Information
- Lease Info: Month to Month
Interior
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Non-Functioning
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Type: Alley, Attached Garage, Off Street, On Street
- Garage Description: Additional Storage Area, Basement Garage
Location
- Area: 19131 (19131)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: WYNNEFIELD
- Driving Directions: Head east on City Ave. Turn right onto N 54th Street. Go about 0.3 miles (3 blocks). Turn left onto Lebanon Avenue
School Information
- School District: Philadelphia City
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Garage Access
- Foundation: Brick/Mortar
- Stories Description: Main
- Square Feet: 1,400
- Sq. Ft. Source: Assessor
- Living Area: 1,400 Sq. Ft.
- Finished Above Grnd: 1,400 Sq. Ft.
- Year Built: 1920
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,808
- Lot Size Source: Estimated
- Lot Dimensions: 16 x 113
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $163.93
- School Tax: $1,509
- County Tax Freq: Annually
- Tax w/Assessment: $192,600
- Tax Amount: $2,696
- Tax Year: 2026
- Tax Total Finished Sq. Ft.: 1400
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 7010
Listed by Real Estate Bosses, Sharita S Price
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Schools
Schools serving 5402 Lebanon Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Blankenburg Rudolph School 4600 West Girard Avenue, Philadelphia, PA 19131 | 7-8 | 1.4 mi |
Overbrook High School, Philadelphia, PA 5898 Lancaster Avenue, Philadelphia, PA 19131 | 9-12 | 0.5 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 5402 Lebanon Ave
Date
Details
Price
Change
Source
8/08/2026
Listed
$229,500
—
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 5402 Lebanon Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$2,696
—
$232,800
21%
2025
$2,696
—
$192,600
—
2024
$2,696
-14%
$192,600
-14%
2023
$3,151
61%
$225,100
100%
2021
$1,954
—
-100%
2020
$1,954
127%
$139,600
127%
2019
$861
—
$61,500
—
2018
$861
—
$61,500
—
2017
$861
—
$61,500
—
2016
$861
-15%
$61,500
-19%
2015
$1,013
—
$75,600
—
2014
$1,013
-33%
$75,600
388%
2013
$1,513
—
$15,488
—
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 5402 Lebanon Ave
5402 Lebanon Avenue, Philadelphia, PA 19131 (MLS# PAPH2657802) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 5402 Lebanon Avenue is currently listed for $229,500 and was received on August 08, 2026. Want to learn more about 5402 Lebanon Avenue? Do you have questions about finding other Townhouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

