1010 N 5TH Street
Property Description
Classic brick-front Philadelphia semi-detached row in highly sought-after Northern Liberties. Large multifamily building with separate utilities. Functional units with some updated kitchens/baths. Layout: front studio, two 1bed front units, and a spacious bi-level 2bed rear with private entrance, huge yard, and off-street parking. Formerly connected to a renovated non-conforming studio (5th unit) via internal stairs, offering conversion potential. Units feature natural gas boilers, gas water heaters, and mini-split AC. Strong neighborhood appreciation history and upside potential. Offering memorandum available upon request. Listing agent related to owner. Legally a 4unit property; non-conforming 5th unit (3R) tied to a separate electric meter that also serves laundry and common lights. All utilities separately metered. Unit 1 (front) - studio; Units 2 & 3 (front) - 1BR; Unit 12 (rear) - bi-level 2BR with private entrance, off-street parking reserved for the rear unit only, and large yard. Unit 3R (non-conforming) - renovated studio. The rear units were previously combined via an internal staircase that could be re-exposed to re-create a tri-level 3-4BR owners suite. Listing agent related to owner. Rent roll, offering memorandum, and renovation details available upon request. Buyer to verify square footage, permits and all information. The financial information presented herein is based on seller-provided operating history and is believed to be accurate but has not been independently verified. Real estate taxes reflect the 2026 tax year. Prospective purchasers should perform their own due diligence regarding future tax assessments and operating expenses. Repairs and maintenance expenses are based on the property's 2025 operating history. Ownership has historically self-managed the property; accordingly, no third-party management expense has been included in the operating statements. Investors should underwrite an appropriate management fee based on their intended ownership and management structure. The property has been maintained as a long-term investment and features a proven rental history. Several units have been renovated over time as they became vacant, with remaining legacy units presenting an opportunity for continued value creation through future renovations and rent growth. The pro forma financials, where provided, are intended to illustrate the potential income achievable through stabilization at market rental rates and should not be construed as a guarantee of future performance. All prospective purchasers are encouraged to independently verify income, expenses, leases, taxes, and all other financial information as part of their due diligence.
Broker Details
JG Real Estate (215) 467-4100
MLS ID: 3140308 State License Number: RS335272
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,150,000 |
| No. of Units: | 4 |
| Year Built: | 1920 |
| Lot Size: | 3,686.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $287,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2647582
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