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Located at 5230 N 2nd Street, Philadelphia, Pennsylvania 19120, Olney neighborhood, this Multi-Family Home is for Sale with a price of $199,000 USD. The property was built in 1930,. This listing has 1,688 Sq.Ft. of interior space on a lot of .06 Acres. See all Homes for Sale in Olney.
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25. 5230 N 2nd Street
1. 5230 N 2nd Street
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PhiladelphiaOlney5230 N 2nd Street

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Description

5230 N 2nd Street,

Philadelphia, PA 19120

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 returndelivering 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 updatessuch as new flooring, fresh paint, and general cleanupthe 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. Dont miss the chance to turn this classic triplex into a high-performing asset in a growing neighborhood.

This is an Active listing.

Broker Office Phone Number: 215-893-9920

Copyright © 2025Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listing By: Elfant Wissahickon-Rittenhouse Square via Data Source: Bright MLS 
$199,000
price
$118
Price Per Sqft
$2,940
Annual taxes
Multi-Family Home
Property type
1930
Year Built
Philadelphia City
School District
Philadelphia City
School District
philadelphia-city-sd-philadelphia-pa
Schools
15570776
Web Id
PAPH2492912
MLS ID
41
Days Posted

Price History

datepricevariancetype
7/2/2025$199,000 11.56 %decreased
6/10/2025$225,000-Listed
listing agent: Kate Vail
more info
1,688 Sq Ft.
interior
0.06 Acres
Exterior
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    Reduced

    5230 N 2nd Street
    Olney, Philadelphia, PA 19120

    $199,000