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Listed by Max Tanenbaum • JG Real Estate LLC
$1,150,000
Est. payment /mo
2,614 Sqft Lot
Active
1010 N 5TH ST Philadelphia, PA 19123
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Additional details
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Northern Liberties
MLS Listing ID PAPH2649938
Year Built 1920
Annual Tax Amount $10,778
Tax Year 2026
Lot Size 2,614 Sqft
Acres 0.06
Property Sub-Type Five Or More Units
Source BRIGHT
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 1‑bed front units, and a spacious bi-level 2‑bed 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. 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.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning RSA-5
Interior
Hot Water Natural Gas, Multi-tank
Heating Radiator, Baseboard - Hot Water
Cooling Ductless/Mini-Split
Heat Source Natural Gas
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881006677
Ownership Fee Simple
Special Listing Condition Standard
