5136 Walnut Street is a fully renovated and occupied legal triplex in West Philadelphia with a 10 year property tax abatement through 2029. The building features two studio apartments and one spacious two-bedroom unit, all updated with modern finishes. Fully rented and income-producing, the property provides immediate cash flow for… Read More investors while also presenting a great opportunity for an owner-occupant to live in one unit and offset expenses with rental income from the others. The 2020 full renovation included major system upgrades - updated electrical, plumbing, HVAC, insulation, new roof, vinyl siding and windows - providing a low-maintenance asset ready for long-term performance. Located in a convenient and growing West Philadelphia neighborhood, 5136 Walnut Street offers easy access to University City, public transportation, neighborhood shopping, and local dining, making it an attractive rental location for a wide range of tenants. Read Less
Courtesy of Samantha Lee Miller, Mallin Panchelli Nadel Realty Inc 215-413-4900
Listing Snapshot
Days Online
61
Last Updated
Property Type
Triplex
Square Ft.
1,760
Lot Size
0.03 Acres
Year Built
1925
MLS Number
PAPH2608088
Additional Details
Building
Built in 1925, Built in 2019 (effective), Living area: 1760, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Foundation
Stone
Heating
Heat Pump - Electric BackUp
Income
Gross ScheduledIncome: $35,036, Net Operating Income: $24,380
Lot
0.03 acres, Dimensions: 15.00 x 90.00
Property
Other structures: Above Grade, Below Grade
Sewer
Public Sewer
Taxes
Annual Amount: $721.83, Lot: 123, Year: 2026, Zoning: CMX2, Zoning description: Legal triplex with license for 3 residential units
Utilities
Water Source: Public
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