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1511 N 54TH Street NPhiladelphia, PA 19131

For Sale

$395,000

Smart Buyer Rebate $3,950

A Philadelphia Investment Opportunity With Income Potential, Purpose, and Possibility

Your next real estate investment could be more than a property. It could be the foundation of your next chapter in wealth building.
Welcome to 1511 N. 5th Street, Philadelphia, Pennsylvaniaa compelling opportunity for the visionary investor who understands that successful real estate investing is about more than acquiring a building. It is about recognizing potential, creating lasting value, and positioning yourself to benefit from the enduring need for quality rental housing.
This 3 unit residential investment presents an opportunity to establish or expand a rental portfolio in Philadelphia's dynamic urban real estate market. Featuring 2 - 1 bedroom units and 1 - 2 bedroom unit, the property offers a diversified residential configuration that can appeal to a range of prospective renters, subject to market demand, property condition, and applicable rental requirements.
For investors navigating today's higher borrowing costs, opportunities deserve to be evaluated through a disciplined lens: income potential, operating expenses, tenant demand, long-term appreciation prospects, and the ability to create value. This property offers an opportunity to explore all of those considerations in one investment.
3 units. Multiple income opportunities. One strategic acquisition.
The property's three-unit configuration is central to its investment appeal. An investor has the opportunity to generate income from 3 separate residential units.
The proposed rental-income analysis uses the Philadelphia Housing Authority payment standards previously discussed as a preliminary benchmark:
- Two one-bedroom units: $1,960 per month each.
- One two-bedroom unit: $2,330 per month.
Based on those assumptions, the property has a projected gross rental income of $6,250 per month, or $75,000 annually, before vacancy, operating expenses, and any adjustments required by the applicable rental program.
For an investor, this creates a starting point for evaluating the property's earning potential and developing a thoughtful acquisition strategy.
The final achievable rents must be independently verified. Housing Choice Voucher payment standards are not guaranteed rents, and the applicable ZIP code, voucher requirements, utilities, rent-reasonableness review, and property eligibility must all be confirmed.
An investment strategy for today's interest-rate environment
Higher interest rates have changed the way investors evaluate real estate. Borrowing costs can reduce cash flow, increase monthly debt service, and make careful underwriting more important than ever.
But higher rates do not automatically eliminate opportunity. They make the quality of the acquisition, the accuracy of the numbers, and the investor's strategy even more important.
At an asking price of $395,000, buyers can evaluate this property based on its potential rental income, anticipated operating expenses, financing structure, and long-term objectives.
(Note: Select photos have been virtually staged for visualization purposes only.)

Listed by Arica Miller

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License #RS351297

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KW Empower

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3475863154

Last updated October 22, 2026

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Source: Bright #PAPH2681514

Listing Facts

  • TypeMulti-family
  • NeighborhoodCarroll Park
  • Days on Prevu15
  • Taxes$3,916/year
  • Size1,900 sqft
  • Price per sqft$208

Amenities

  • Washer/Dryer

Location

Mortgage Calculator

Listing History

10/16/2026
Listed by KW Empower
$395,000
  1. 10/16/2026$395,000
    Listed by KW Empower

Property Details for 1511 N 54TH Street N

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 3
  • Property Condition: Excellent
  • Roof: Asphalt
  • Stories Total: 3
  • Year Built: 1925
  • Architectural Style: Dwelling With Rental
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.04
  • Lot Size Dimensions: 16
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1,543
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 14.24
  • Operating Expense: $1,000.00
  • Operating Expense Includes: Insurance,Trash

Taxes

  • Tax Annual Amount: $3,916.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dryer, Water Heater, Washer/Dryer Stacked, Washer, Stove, Stainless Steel Appliances
  • Fireplace: No
  • Flooring: Laminated
  • Interior Features: Kitchen - Eat-In, Floor Plan - Open, Efficiency, Dining Area, Combination Kitchen/Living
  • Spa: No

Measurements

  • Living Area: 1,900
  • Living Area Source: Assessor

Rooms

  • Basement: Full, Walkout Level, Fully Finished
  • Has Basement: Yes
  • Rooms Total: 10

Other

Features

  • Accessibility Features: Level Entry - Main

Location

  • Subdivision Name: PHILADELPHIA (WEST)

Parking

Parking

  • Garage: No

Schools

High School

  • High School: WEST PHILADELPHIA

Utilities

Equipment

  • Cooling: Central A/C
  • Electric: 200+ Amp Service
  • Heating: Forced Air
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electric Available, Water Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1511 N 54TH Street N.

What schools are nearby to 1511 N 54TH Street N?

Nearby schools include the WEST PHILADELPHIA High School.

What are the annual taxes for 1511 N 54TH Street N?

Annual taxes for this multi-family home are estimated at $3,916.

How does 1511 N 54TH Street N compare to other multi-family homes in Carroll Park?

This multi-family home is listed 27% above the average price for multi-family homes in Carroll Park and has been on the market for 67 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 1,900 sqft.

1511 N 54TH Street N is a -bedroom multi-family home for sale in PHILADELPHIA PA 19131. On Prevu for 15 days at $395,000. This property features 1,900 square feet of living space, located in Carroll Park. The median listing price for multi-family homes in this area is $192,500. Nearby schools include WEST PHILADELPHIA High School. Additional amenities include dryer. Explore more multi-family home listings in Philadelphia.

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.