5214 WAYNE AVE Philadelphia, PA 19144
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Pending
Purchase Type For Sale
Subdivision Germantown (West)
MLS Listing ID PAPH2554390
Year Built 1900
Annual Tax Amount $8,244
Tax Year 2025
Lot Size 0.505 Acres
Acres 0.51
Lot Dimensions 76.00 x 26.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Legal 5-Unit Multifamily | West Germantown | Priced to Sell | 1031 Exchange Opportunity
Exceptional investment opportunity in one of Northwest Philadelphia's most active growth corridors! 5214 Wayne Avenue is a fully leased, low-maintenance legal 5-unit multifamily property offering both immediate income and long-term development upside.
Sitting on nearly 22,000 sq ft of land with a 5,100 sq ft building footprint, the property utilizes less than 25% of its lot—ideal for expansion, additional units, or creative value-add projects. Current monthly gross income $4,658 (average $856 per unit) leaves room to raise rents or reconfigure layouts to meet demand.
Located just off Chelten & Wayne Avenues near the growing Mt. Airy and East Falls borders, residents enjoy walkable access to transit, shops, cafés, and Wissahickon Valley Park. Minutes to Wayne Junction Station and major routes.
Highlights:
Owner Retiring – Priced to Sell
1031 Exchange Ready – Immediate Tax Savings
Fully Leased, Well Maintained for 20+ Year
2025 Lead Safety Certification for all unit
No L & I Violations
Massive 22,000 SF Lot / Development Potential
High-Demand West Germantown Location
Turnkey cash flow today, with significant upside for the next investor or developer.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RTA1
Interior
Hot Water Electric
Heating Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Water Access N
Roof Type Pitched
Accessibility None
Total Parking Spaces 3
Garage N
Building
Lot Description Rear Yard, SideYard(s), Front Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Germantown
School District Philadelphia City
Others
Tax ID 123217800
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849