1831 S 5Th Street, Philadelphia, PA 19148

This legally zoned three-unit building is built as a three-story structure containing three large 2-bedroom, 1-bath units. The layout includes a vestibule and hallway at entry, with a door leading to the first-floor unit and access to the backyard. The property also includes a backyard and common easement. The second-floor unit is not self-contained, creating an opportunity to convert it into additional space, potentially increasing the total unit count to four or more. Utility systems include four gas meters (one house), brand new 240 electrical service and heads, three water heaters, and one heating furnace. Common heat is currently configured for the building, with in-unit baseboard electric described as an option for a more economical setup. Cosmetic upgrades have been completed throughout, and the third-floor unit includes an in-unit washer/dryer.

Located in Dickinson Narrows in South Philadelphia near East Passyunk, Moyamensing, and Pennsport, the property sits close to a transformative intersection and is surrounded by residential and multi-unit development, as well as major infrastructure projects. East Passyunk Avenue is within short distance and features a concentration of independent businesses and retail.

For owner-occupants and investors, the combination of occupied units and the noted second-floor configuration supports strategies such as house-hacking or reconfiguration to create additional studio units. Current leases are described as below market, with reported monthly rents of $950, $1,100, and $1,200, and a prior lease at $1,400.