5622 North 2nd Street

Philadelphia, PA 19120

$425,000
Price
Beds
Baths
2,115 Sq. Ft.
$201 / Sq. Ft.
2,115
Sq. Ft.
$201
per Sq. Ft.

Description

This standalone, fully refurbished, 2,415 sq. ft building presents an exceptional investment opportunity. It currently features three fully rented units, an open, inviting porch and front lawn, and a large backyard area with easy access to develop ADU units (additional dwelling units), for increased revenue. Each apartment has been thoroughly upgraded with new hardwood floors throughout, stainless steel appliances, refrigerators, stoves, and microwaves, along with new ceiling fans, and fresh coats...This standalone, fully refurbished, 2,415 sq. ft building presents an exceptional investment opportunity. It currently features three fully rented units, an open, inviting porch and front lawn, and a large backyard area with easy access to develop ADU units (additional dwelling units), for increased revenue. Each apartment has been thoroughly upgraded with new hardwood floors throughout, stainless steel appliances, refrigerators, stoves, and microwaves, along with new ceiling fans, and fresh coats of paint. Bathrooms have been upgraded as well with new toilets and showers. The first-floor unit is versatile, with two entrances and the option to configure it as a spacious one-bedroom or two-bedroom apartment. It also includes two dedicated parking spaces. The second and third floors host one-bedroom, one-bathroom units, each meticulously renovated, and with its own individual style and character. (current rents $1,250, $1,250 and $950)

Recent updates include a brand-new roof, entire building power-washed, refreshed common areas with new carpeting, and a well-maintained exterior, along with a detached storage space in the rear, all adding the finishing touches. This property also has a modernized finished basement with a separate entrance, presenting a prime opportunity for additional rental income. 5622 N. 2nd St. is perfect for the savvy investor, NACA candidate, or 1031 Exchange individual, being sold as is. Owner says to bring all reasonable offers.
  1. Listed by Dina J. Dashiell • XL Realty Group
    P: (267)-593-9261 dina@xlrealtygroup.com

Property Details for 5622 North 2nd Street

Tax ID Number
612419000
Ownership
Fee Simple
Structure Type
Detached
Style
Traditional
Waterfront
No
Garage
No
Subdivision
OLNEY
Subdivision
OLNEY (PHILADELPHIA PA)
LISTING UPDATED: 01/24/2025 10:17 AM

Property Details for 5622 North 2nd Street

StatusActive
MLS #PAPH2390714
Days on Market165
Taxes$3,317 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1930
Lot Size0.13 AC / 5,456 SF
CountyPhiladelphia County

Virtual Tour

Building Information for 5622 North 2nd Street

Stories-Residences3Year Built1930Building Size-Lot Size0.13 AC / 5,456 SF

Property Information for 5622 North 2nd Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19120 (19120)
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: 2025
  • Tax Assessed Value: $237,000
  • Year Assessed: 2025
  • Improvement Assessed Value: $189,600
  • City Town Tax: $1,459
  • Land Assessed Value: $47,400
  • Clean Green Assessed: No
  • Land Use Code: G51
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: RSA3
  • Tax Lot: 275
  • School Tax: $1,857
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: Yes
Lease Information
Lease Information
  • Owner Pays: Snow Removal, Water, Common Area Maintenance, Lawn/Shrub Care
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 3
  • Number Of Units Vacant: 0
  • Rent Control: No
Financial Information
Financial Information
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,115.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 42.00 x 130.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1337298
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Driveway, On Street
  • Driveway - # of Spaces: 2
Interior Features
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Fireplace: No
Exterior Features
Exterior Features
  • Spa: No
  • Outdoor Living Structures: Porch(es)
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 5622 North 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5622 North 2nd Street

Taxable ValueLand$47,400Additions$189,600Total$237,000
Tax Record2024$3,318 ($276 / month)
Home Facts
Total Finished SqFt2,115 SqFtAbove Grade Finished SqFt2,115 SqFtStories3Lot Size5,456 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningRSA3CountyPHILADELPHIAAPN61-2-4190-00

Schools near 5622 North 2nd Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lowell James R School
PublicPK to 4

Washington Grover Jr School
Public5 to 8

Fels Samuel High School
Public9 to 12

Girls 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.

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5622 North 2nd Street is a multi-family home for sale in Philadelphia, PA 19120. This property was listed for sale on August 29, 2024 by XL Realty Group, it's currently listed at $425,000. It has been on the market for a total of 165 days and was last sold on February 2, 2022. This listing's school district is The School District of Philadelphia. Nearby schools include Lowell James R School, Washington Grover Jr School and Fels Samuel High School. 5622 North 2nd Street is a 0-bed, 0-bath, 2,115 sqft multi-family home built in 1930.

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 XL Realty Group

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.