5214 Wayne Ave - Apartments FOR SALE


Philadelphia, PA 19144- Germantown
$450,000 USD
215-617-6142
5214 Wayne Ave, Philadelphia, PA for Sale
$450,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

5214 Wayne Ave
Philadelphia, PA 19144
Germantown


OVERVIEW

5214 Wayne Avenue | Philadelphia, PA 19144 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.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$46 USD /SF

# OF UNITS

5

PRICE/UNIT

$90,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

1,976 SF

ZONING

RTA1

APN/PARCEL ID

123217800

ASK ABOUT THIS PROPERTY

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215-617-6142

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215-617-6142

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