5578 LUDLOW ST Philadelphia, PA 19139
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,204 sqft
Price per Sqft $249
Subdivision West Philadelphia
MLS Listing ID PAPH2667542
Style Other
Abv Grd Liv Area 1,204
Year Built 1925
Available Date 2026-09-18
Annual Tax Amount $4,459
Tax Year 2026
Lot Size 1,226 Sqft
Acres 0.03
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Excellent opportunity to add an income-producing duplex to your Philadelphia real estate portfolio. The property features two residential units and a detached garage, providing multiple sources of rental income.
Unit 1 is a 2-bedroom, 1-bathroom apartment that is currently vacant and was previously rented for $1,050 per month, allowing the new owner to select their own tenant and establish a new lease.
Unit 2 is a 2-bedroom, 1-bathroom apartment that is currently occupied and rented for $1,200 per month.
The detached garage generates an additional $700 per month.
Based on the current and most recent rental rates, the property has the potential to generate approximately $2,950 per month and $35,400 in annual gross rental income when fully occupied. With existing income and additional upside through the vacant unit, this property offers flexibility and strong income potential for both new and experienced investors.
Schedule your showing today!
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Rooms
Basement Full
Interior
Interior Features Combination Kitchen/Living, Combination Kitchen/Dining, Entry Level Bedroom, Recessed Lighting, Wood Floors
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Wood
Equipment Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances
Fireplace N
Appliance Built-In Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 1204
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 604014300
Ownership Fee Simple
SqFt Source 1204
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer License ID: RS346782 | 1973175 | BK359849