5506 GREENE Street, Philadelphia, PA 19144

This well-maintained four-unit multifamily property at 5506 Greene Street in Philadelphia offers separately metered units and tenant responsibility for utilities, with the exception of water and common electric. Several capital improvements are documented, including a brand-new roof completed in Spring 2023 and a new hot water heater installed in Spring 2025. In addition, the basement has been sealed with a dehumidification system added in Fall 2021. The first floor also includes a bonus space that is currently vacant and could be used as additional tenant storage.

Located in the historic Germantown neighborhood, the property is about one block from Germantown Avenue. The surrounding area includes neighborhood staples such as Uncle Bobbie's Coffee & Books and Germantown Friends School. With access to Center City Philadelphia, the building can appeal to residents seeking a connected commute while remaining in an established community setting.

For tenants and buyers, the separately metered configuration and utility split can simplify monthly operating expenses, since tenants pay all utilities except water and common electric. The available first-floor bonus space may also support flexible on-site storage needs for future occupants. This is a strong fit for owner-occupants or investors looking for a manageable, multi-unit rental setup with recent building upgrades.