5201 Lebanon Ave

Philadelphia, PA 19131

$518,000
Last Sold Price
Beds
Baths
1,824 Sq. Ft.
$284 / Sq. Ft.
1,824
Sq. Ft.
$284
per Sq. Ft.

Description

Back on the Market due to Buyer's inability to secure proper funding! Their loss is your gain as this is a rare money-making property with a HOTEL LICENSE! Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable HOTEL license, in the highly sought-after neighborhood of Wynnefield, Philadelphia. This property not only offers a lucrative short-term rental business but also comes with a valid hotel variance...Back on the Market due to Buyer's inability to secure proper funding! Their loss is your gain as this is a rare money-making property with a HOTEL LICENSE! Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable HOTEL license, in the highly sought-after neighborhood of Wynnefield, Philadelphia. This property not only offers a lucrative short-term rental business but also comes with a valid hotel variance for six rooms and a short-term rental license—both extremely difficult and costly to acquire. INCLUDES ALL ITEMS IN THE 2nd and 3rd Floor Units! Located just minutes from the Main Line, City Ave and conveniently near sports venues, concert halls, and St. Joseph's University, this property guarantees a steady stream of guests. The two upper units are freshly remodeled and fully furnished, exuding a cool city vibe that immediately puts guests in vacation mode upon entry. The sale includes everything from the top two short-term rental units, such as beds, sheets, appliances, furniture, kitchenware, and more, making it a true turnkey operation. The first-floor unit is occupied by a long-term tenant, ensuring stable rental income. The property boasts excellent reviews on multiple platforms like VRBO, Travelocity, Booking and Expedia, reflecting its strong reputation. Stunning interior features include exposed brick walls, custom cabinets, and high wood beam ceilings, all designed with an urban loft aesthetic. This investment is perfect for investors seeking an excellent addition to their portfolio, offering immediate income and growth potential. It's also ideal for owner-occupants, particularly first-time buyers looking to house-hack or enter the short-term rental market. Remote investors will find it a great opportunity to invest in Philadelphia and build passive income from a distance. This trendy home is the perfect retreat for guests, providing a relaxing environment after a day of work or exploration in the vibrant city of Philadelphia. Don't miss out on this exceptional investment opportunity. Schedule a showing today and take the first step towards owning a high-performing, income-generating property.
  1. Listed by Brad Gellman • Coldwell Banker Realty
    P: (267)-259-0134 brad.gellman@cbpref.com

Property Details for 5201 Lebanon Avenue

Tax ID Number
521138700
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Traditional, Straight Thru
Waterfront
No
Garage
Yes
Cross Street
N 52nd St
Municipality
PHILADELPHIA
LISTING UPDATED: 12/22/2024 09:47 PM

Property Details for 5201 Lebanon Avenue

StatusClosed
MLS #PAPH2357576
Days on Market53
Taxes$1,294 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.07 AC / 3,142 SF
CountyPhiladelphia County

Location

Listing Courtesy of Coldwell Banker Realty

Sold By Tesla Realty Group, LLC

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Building Information for 5201 Lebanon Avenue

Stories-Residences3Year Built1920Building Size-Lot Size0.07 AC / 3,142 SF

Payment Calculator

$2,822 per month

30 year fixed, 6.845% Interest

Principal and Interest

$2,714

Property Taxes

$108

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5201 Lebanon Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19131 (19131)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $92,500
  • Year Assessed: 2024
  • Improvement Assessed Value: $74,000
  • City Town Tax: $569
  • Land Assessed Value: $18,500
  • Clean Green Assessed: No
  • Land Use Code: U30
  • Zoning: RSA5
  • Tax Lot: 93
  • School Tax: $725
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Furnished: Some
  • Units Leased Count: 1
  • Rent Control: No
Financial Information
Financial Information
  • Existing Lease Type: Long Term
Building Info
Building Info
  • Year Major Reno Remodel: 2021
  • Building Level Count: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 61.00 x 111.00
  • Lot Dimensions Source: Assessor
  • Lot Features: SideYard(s), Front Yard, Corner
  • Parcel ID: 1256581
Parking
Parking
  • Type Of Parking: Driveway, On Street, Attached Garage
  • Num of Attached Garage Spaces: 1
  • Driveway - # of Spaces: 2
  • Total Garage Spaces: 1
  • Parking Features: Public
  • Garage Features: Additional Storage Area, Basement Garage, Garage - Rear Entry
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s), Combination Kitchen/Dining, Additional Stairway, Dining Area, Floor Plan - Open
  • Fireplace: No
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS
  • List Agent URL: Www.phillyboughtandsold.com

Property History for 5201 Lebanon Avenue

DateEvent & SourcePriceAppreciation
Dec 20, 2024

Closed (Public Record)

Public Record #1548921506

$518,000

+51.4% / yr

Oct 30, 2024

Closed

BRIGHT #PAPH2357576

$518,000
Sep 28, 2024

Pending

BRIGHT #PAPH2357576

Sep 28, 2024

Active Under Contract

BRIGHT #PAPH2357576

Sep 13, 2024

Listed (Active)

BRIGHT #PAPH2357576

Sep 9, 2024

Active Under Contract

BRIGHT #PAPH2357576

Sep 6, 2024

Listed (Active)

BRIGHT #PAPH2357576

Jun 19, 2024

Active Under Contract

BRIGHT #PAPH2357576

Jun 17, 2024

Pending

BRIGHT #PAPH2357576

May 22, 2024

Listed (Active)

BRIGHT #PAPH2357576

$499,000
Dec 31, 2023

Expired

BRIGHT #PAPH2261214

Nov 7, 2023

Listed (Active)

BRIGHT #PAPH2261214

Oct 27, 2023

Closed

BRIGHT #PAPH2261214

$630,000
Sep 27, 2023

Pending

BRIGHT #PAPH2261214

Sep 27, 2023

Active Under Contract

BRIGHT #PAPH2261214

Aug 7, 2023

Listed (Active)

BRIGHT #PAPH2261214

$649,900
Mar 26, 2021

Closed (Public Record)

Public Record #1466788783

$110,000

+10.1% / yr

Feb 22, 2019

Closed (Public Record)

Public Record #644214906

$90,000

+30.4% / yr

Feb 19, 2019

Closed

BRIGHT #PAPH510394

$90,000
Jan 29, 2019

Pending

BRIGHT #PAPH510394

Jan 12, 2019

Listed (Active)

BRIGHT #PAPH510394

$125,000
Jul 31, 2015

Expired

BRIGHT #1007425966

$48,000
May 29, 2015

Listed (Active)

BRIGHT #1007425966

$48,000
Oct 30, 2013

Withdrawn

BRIGHT #1009704154

$34,900
Jun 24, 2013

Closed (Public Record)

Public Record #382801336

$20,000
Apr 18, 2013

Listed (Active)

BRIGHT #1009704154

$34,900
DateEvent & SourcePrice
12/20/2024

Closed (Public Record)

Public Record #1548921506

$518,000

+51.4% / yr

10/30/2024

Closed

BRIGHT #PAPH2357576

$518,000
09/28/2024

Pending

BRIGHT #PAPH2357576

09/28/2024

Active Under Contract

BRIGHT #PAPH2357576

09/13/2024

Listed (Active)

BRIGHT #PAPH2357576

09/09/2024

Active Under Contract

BRIGHT #PAPH2357576

09/06/2024

Listed (Active)

BRIGHT #PAPH2357576

06/19/2024

Active Under Contract

BRIGHT #PAPH2357576

06/17/2024

Pending

BRIGHT #PAPH2357576

05/22/2024

Listed (Active)

BRIGHT #PAPH2357576

$499,000
12/31/2023

Expired

BRIGHT #PAPH2261214

11/07/2023

Listed (Active)

BRIGHT #PAPH2261214

10/27/2023

Closed

BRIGHT #PAPH2261214

$630,000
09/27/2023

Pending

BRIGHT #PAPH2261214

09/27/2023

Active Under Contract

BRIGHT #PAPH2261214

08/07/2023

Listed (Active)

BRIGHT #PAPH2261214

$649,900
03/26/2021

Closed (Public Record)

Public Record #1466788783

$110,000

+10.1% / yr

02/22/2019

Closed (Public Record)

Public Record #644214906

$90,000

+30.4% / yr

02/19/2019

Closed

BRIGHT #PAPH510394

$90,000
01/29/2019

Pending

BRIGHT #PAPH510394

01/12/2019

Listed (Active)

BRIGHT #PAPH510394

$125,000
07/31/2015

Expired

BRIGHT #1007425966

$48,000
05/29/2015

Listed (Active)

BRIGHT #1007425966

$48,000
10/30/2013

Withdrawn

BRIGHT #1009704154

$34,900
06/24/2013

Closed (Public Record)

Public Record #382801336

$20,000
04/18/2013

Listed (Active)

BRIGHT #1009704154

$34,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5201 Lebanon Avenue

Taxable ValueLand$31,180Additions$124,720Total$155,900
Tax Record2024$2,182 ($182 / month)
Home Facts
Total Finished SqFt1,824 SqFtAbove Grade Finished SqFt1,824 SqFtStories2Lot Size3,142 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRSA5CountyPHILADELPHIAAPN52-1-1387-00

Schools near 5201 Lebanon Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Charter - K to 6
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Blankenburg Rudolph School
PublicPK to 8

Mastery Charter School Mann Campus
CharterK to 6

Overbrook High School
Public9 to 12

Widener Memorial School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.