Patterson-Schwartz Real Estate5556 Market Street, Philadelphia, PA 19139-3208 $324,000
Interior Sq. Ft: 2,009
Acreage: 0.04
Age:105 years
Taxes: $1,308
Subdivision: Walnut Hill
Design/Type:
Interior Row/Townhouse
Description
Welcome to your next investment opportunity! This turnkey mixed-use building promises excellent cash flow and minimal overhead, making it an investor's dream. Nestled in the burgeoning Walnut Hill section of Philadelphia, adjacent to the esteemed University of Pennsylvania, this property boasts three units ripe for income generation. Positioned conveniently on Market Street's south side, mere steps from the SEPTA 56th Street EL stop, accessibility is unmatched. Your tenants will relish the swift commute to Penn, Drexel, or downtown Philadelphia, thanks to the nearby elevated train. The ground floor fronts a versatile commercial space, zoned CMX2 to accommodate various business endeavors. Currently leased at $725 per month, this unit offers immediate returns. Meanwhile, the rear residential unit on the first floor presents a spacious one-bedroom apartment with kitchen, bath, flooring, heater, and washer/dryer. Priced at $1000 per month, its private fenced yard adds an extra allure. Ascending to the second floor reveals a charming two-bedroom unit, boasting a ceramic-tiled kitchen, pergo flooring, and modern amenities like high-efficiency gas forced air heat and central air. With a rental income of $1100 per month, its enclosed porch could easily transform into a third bedroom, maximizing returns. To sweeten the deal, the property offers off-street parking for 1-2 cars, potentially yielding an additional $50-$100 per month in rent. Resting on a generous 125-foot deep lot with a convenient rear alley/private driveway, convenience and flexibility abound. Whether you're eyeing a 1031 exchange, a cash sale, commercial financing, or envisioning yourself as an owner-operator, this offering caters to diverse investment strategies. Don't miss out on this golden opportunity to secure your foothold in Philadelphia's thriving real estate market!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Driveway
Interior
Unfinished Basement
Exterior
Brick/Mortar Foundation, Masonry
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (131 schools)
Public Middle (22 schools)
Public High (53 schools)
Private (133 schools)
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This report is a detailed community overview for Philadelphia (19139), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 36
- Average salary of people in this community: $30,970
Community Summary
- Population Density (ppl / mile): 26,194
- Household Size (ppl): 2.61
- Households w/ Children: 71%
Housing Inventory
- Owned: 6,994 (32.8%)
- Rented: 10,334 (48.4%)
- Vacant: 4,021 (18.8%)
- Total: 21,349
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 3.2%
- Some High School: 12.4%
- High School Graduate: 37.8%
- Some College: 24.4%
- Associate Degree: 5.7%
- Bachelor's Degree: 10.6%
- Graduate Degree: 6.0%
Income by dollar range
Median Income: $30,633
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $694
- One Bedroom: $701
- Two Bedroom: $948
- Three Bedroom: $950
- Four Bedroom: $1,233
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-5247
Listing Courtesy of: KW Empower , vicki@kwempower.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 3/15/2025.
