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506 W Master StreetPhiladelphia, PA 19122

For Sale

$549,000

Smart Buyer Rebate $5,490

Welcome to 506 Master Street, a modern duplex in the Ludlow section of Kensington, directly across from Cruz Playground and just a short walk to the shops and restaurants along Girard Avenue. Built in 2015, this turnkey property offers a perfect opportunity for an owner-occupant to offset their mortgage with rental income while enjoying the benefits of a booming neighborhood with significant nearby development. The lower unit (905 sq ft) features 2 bedrooms, 1 full bath, and a private rear yard perfect for outdoor entertaining or gardening. The upper unit (1,050 sq ft) also offers 2 bedrooms and 1 full bath, with large windows flooding the space with natural light. Both units feature hardwood floors, spacious layouts, separate laundry, and updated finishes that make moving in or leasing seamless. Additional highlights include: solar panels on the roof for energy savings, separate utilities for each unit, delivered fully vacant for immediate rental or occupancy flexibility. Previously rented at $1,650/month for the upper unit with potential for $2,000/month+ in today's market and $1,450/month for the lower unit with potential for $1,800/month+. Whether you’re looking to build wealth or expand your investment portfolio with a low-maintenance property, 506 Master Street offers the ideal blend of location, modern construction, and long-term upside in a rapidly developing area. Don’t miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.

Listed by Lindsey Toconita

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License #RS343604

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Kurfiss Sotheby's International Realty

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6108062113

Last updated September 05, 2025

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Source: BrightMLS #PAPH2514750

Listing Facts

  • TypeMulti-family
  • NeighborhoodOld Kensington
  • Days on Prevu59
  • Taxes$1,080/year
  • Size1,955 sqft
  • Price per sqft$281

Location

Mortgage Calculator

Listing History

09/05/2025
Price Decreased
$549,000
07/10/2025
Listed by Kurfiss Sotheby's International Realty
$575,000

Property Details for 506 W Master Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 2
  • Year Built: 2015
  • Architectural Style: Traditional
  • Construction Materials: Brick, Metal Siding

Features

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

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.02
  • Lot Size Dimensions: 16
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 918
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $1,080.00
  • Tax Year: 2024

Interior

Features

  • Fireplace: No

Measurements

  • Living Area: 1,955
  • Living Area Source: Estimated

Other

Location

  • Subdivision Name: KENSINGTON

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: 90% Forced Air
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

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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.