5322 Wayne Avenue

Philadelphia, PA 19144

$399,000
Price
6
Beds
3
Baths
2,648 Sq. Ft.
$151 / Sq. Ft.
2,648
Sq. Ft.
$151
per Sq. Ft.

Description

Presenting an exceptional opportunity in Germantown—this expansive triplex offers the ultimate in house hacking potential. This classic twin home features three generously sized 2-bedroom, 1-bath units, each thoughtfully designed to maximize comfort and functionality. Additionally, a bonus studio unit, complete with a full kitchen and bath, provides an ideal space for a caretaker or guests, enhancing the property's versatility. The building is currently generating $44,400 in rent and the bonus space...Presenting an exceptional opportunity in Germantown—this expansive triplex offers the ultimate in house hacking potential. This classic twin home features three generously sized 2-bedroom, 1-bath units, each thoughtfully designed to maximize comfort and functionality. Additionally, a bonus studio unit, complete with a full kitchen and bath, provides an ideal space for a caretaker or guests, enhancing the property's versatility. The building is currently generating $44,400 in rent and the bonus space was previously rented for $400/month. Upon entering, you'll be greeted by a stately foyer that leads to well-appointed living spaces. While the property has undergone recent renovations and upgrades, it presents a unique opportunity for new owners to apply their finishing touches. For the savvy buyer, this property offers the chance to generate significant income and offset mortgage costs. Investors will appreciate the potential to add a fully rented asset to their portfolio in a highly desirable location. This is more than just a property; it’s a strategic investment in your future. Seize the opportunity to acquire a versatile, income-generating residence in one of Germantown's sought-after neighborhoods.
  1. Listed by Sharyn Soliman • Keller Williams Real Estate-Blue Bell
    P: (267)-625-7568 sharynsoliman@gmail.com

Property Details for 5322 Wayne Avenue

Tax ID Number
124115900
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Traditional
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
No
LISTING UPDATED: 11/26/2024 01:50 PM

Property Details for 5322 Wayne Avenue

StatusActive
MLS #PAPH2388770
Days on Market116
Taxes$3,345 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1890
Lot Size0.06 AC / 2,655 SF
CountyPhiladelphia County

Building Information for 5322 Wayne Avenue

Stories-Residences3Year Built1890Building Size-Lot Size0.06 AC / 2,655 SF

Property Information for 5322 Wayne Avenue

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19144 (19144)
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
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $239,000
  • Year Assessed: 2024
  • Improvement Assessed Value: $191,200
  • City Town Tax: $1,472
  • Land Assessed Value: $47,800
  • Clean Green Assessed: No
  • Land Use Code: N50
  • Zoning: RTA1
  • Tax Lot: 161
  • School Tax: $1,873
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Water, Insurance, Taxes - Real Estate, Common Area Maintenance
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Gross
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Gross
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Unit Type Lease Type: Gross
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $9,516
  • Insurance Expense: $3,410
  • Trash Expense: $520
  • Other Expense: $6,106
Financial Information
  • Gross Income: $44,400
  • Net Operating Income: $34,884
  • Annual Rental Income: $44,400
  • Income Includes: Apartment Rentals
  • Cap Rate: 8.70
  • Existing Lease Type: Long Term
Building Info
Building Info
  • Year Major Reno Remodel: 2020
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 26.00 x 103.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 952837
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Forced Air, Hot Water, Baseboard - Electric
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service, Circuit Breakers
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 5322 Wayne Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5322 Wayne Avenue

Taxable ValueLand$72,700Additions$290,800Total$363,500
Tax Record2024$5,088 ($424 / month)
Home Facts
Total Finished SqFt2,648 SqFtAbove Grade Finished SqFt2,648 SqFtStories2Lot Size2,655 SqFtStyleMulti-Family Res (5+ Units)Year Built1890ZoningRTA1CountyPHILADELPHIAAPN12-4-1159-00

Schools near 5322 Wayne Avenue

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kelly John B School
PublicK to 5

Fitler Academics Plus
PublicK to 8

King Martin Luther High School
Public9 to 12

Randolph A. Philip Avt High School
Public9 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

5322 Wayne Avenue is a multi-family home for sale in Philadelphia, PA 19144. This property was listed for sale on August 29, 2024 by Keller Williams Real Estate-Blue Bell, it's currently listed at $399,000. It has been on the market for a total of 116 days and was last sold on March 29, 2019. This listing's school district is The School District of Philadelphia. Nearby schools include Kelly John B School, Fitler Academics Plus and King Martin Luther High School. 5322 Wayne Avenue is a 6-bed, 3-bath, 2,648 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Real Estate-Blue Bell

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.