Philadelphia Triplex in Dickinson
1831 S 5TH Street, Philadelphia, PA 19148
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
2,475 SFLot size:
0.02 AcresPrice / SF:
$171/SF- Added:
- Jan 12, 2025
- Days on Market:
- 495
- Last Refresh:
- May 22 at 4:06 pm
Property Features for 1831 S 5TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,475 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5233
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Ben Finelli License #RS334157 (267) 853-8823
Listing office RE/MAX Ready 527 Fayette Street, Conshohocken, PA (610) 828-6300
Listing date Jan 12, 2025
MLS# PAPH2434530
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Legally zoned three‑unit building with active rental licenses in desirable South Philadelphia location, close to East Passyunk.
- Value‑add opportunity to convert the second‑floor unit into two studios, increasing the total unit count to four or more.
- Strong rental income potential with current rents significantly below market rates.
- Prime location adjacent to a transformative intersection and major infrastructure projects.
- New 240 electrical service and heads, plus 4 gas meters.
- Backyard and common easement included.
Overview
Located in Dickinson Narrows, South Philadelphia, this legally zoned three-unit building features active rental licenses. The property is situated near East Passyunk, Moyamensing, and Pennsport, adjacent to a transformative intersection anchored by Commercial Mixed Use Corridors. It is surrounded by residential and multi-unit development and major infrastructure projects. The triplex consists of three large two-bedroom, one-bathroom units within a three-story structure, and includes a backyard and common easement. The first-floor unit, accessible via a vestibule and hallway, has backyard access. The second-floor unit is not self-contained, presenting an opportunity to convert it into two studios, potentially increasing the total unit count to four or more. The building is equipped with four gas meters, new 240 electrical service and heads, three water heaters, and one heating furnace. Common heat is currently configured, but switching to in-unit baseboard electric is suggested. Cosmetic upgrades are present throughout the building, with an in-unit washer/dryer in the third-floor unit. The property spans 2475 square feet on a 0.0243-acre lot. All units are currently occupied below market rates. East Passyunk Avenue, with over 160 independent businesses and retail locations, is nearby. Dickinson Narrows is also adjacent to the Riverwards along the Delaware River.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1542664
- Latitude
- 39.9250908
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit building near East Passyunk with value-add potential.
Where is this triplex located?
The property is located at 1831 S 5TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Legally zoned three‑unit building with active rental licenses in desirable South Philadelphia location, close to East Passyunk.; Value‑add opportunity to convert the second‑floor unit into two studios, increasing the total unit count to four or more.; Strong rental income potential with current rents significantly below market rates.
