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5331 Wayne Ave
Philadelphia, PA 19144
5331 Wayne Ave · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- 5-Unit Multi-Family Investment – Germantown, Philadelphia
- 80% renovated – needs light completion to be fully rent-ready.
- In-unit washers/dryers and separate electric meters for all units.
- Over 5,000 Sq/Ft with (4) 1 Bed / 1 Bath units and (1) 2 Bed / 1 Bath unit.
- Brand new kitchens, baths, flooring, and mini-split systems in each unit.
- Projected rents: 1BR – $1,200/mo | 2BR – $1,300/mo.
EXECUTIVE SUMMARY
Discover a rare investment gem in the rapidly developing Germantown neighborhood of Philadelphia. This five-unit multi-family property spanning over 5,000 Sq/Ft presents a unique chance to acquire a fantastic asset with minimal work remaining and can start cash flowing within a couple of months. With zoning approval for an on-site accessory parking space, the property offers added convenience and long-term value to both investors and tenants. Recently renovated with approximately 80% of the work completed, this property requires some additional work to be fully rent-ready—ideal for investors seeking a light rehab project in a high-growth area. Once completed and leased, this property has the potential to become a strong performer in any rental portfolio. The property currently has (4) 1 bed 1 bath units and (1) 2 bed 1 bath unit. Each unit has been updated with laminate floors throughout, brand new kitchens and baths, washers and dryers in each unit, and mini-split systems for heating and cooling. The front and back units on the second floor have decks which provide a great outdoor space really enhancing the marketability for each of those units. All units are powered by electric and have all separate meters making tenant billing and utility management straightforward and cost-effective. The projected monthly income you can expect for the 1 bed 1 bath apartments is about $1,200/month while the 2 bed 1 bath unit can be rented for $1,300/month. Rented under those conditions the property would gross $6,100/month and $73,200/year. This is a fantastic opportunity that can yield a great return on investment with huge upside potential. The property is being sold "As-Is", the seller will not be making any repairs. The buyer is responsible for obtaining the U&O. Conveniently located with a Walk Score of 86, this address offers exceptional accessibility — most errands can be accomplished without a car. The Chelten Avenue Station (Chestnut Hill West Line) is just 11 minutes away, providing an easy commute to Center City Philadelphia. Outdoor enthusiasts will appreciate nearby Kelly Playground, Happy Hollow Recreation Center, and Cloverly Park for recreation and leisure. Whether you’re an investor seeking a high-performing multi-unit property, a contractor ready to complete the final touches, or a buyer looking to live in one unit and rent the rest, this Germantown multi-family opportunity delivers space, income, and location all in one package. Schedule your showing today!
PROPERTY FACTS
| Price Per Unit | $135,842 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 4 | Building Size | 3,643 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1890 |
| Apartment Style | Garden | ||
| Zoning | RSA3 - Residential Single Family Attached-3 | ||
| Price Per Unit | $135,842 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,643 SF |
| No. Stories | 3 |
| Year Built | 1890 |
| Zoning | RSA3 - Residential Single Family Attached-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+4 | 4 | - | - |
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