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Modern Apartment Building
For Lease
$1,550/Mo

5521 WAYNE AVENUE #507, Philadelphia, PA 19144

Six-story, 50-unit apartment community offering on-site amenities including a fitness center and rooftop deck.

Property Size42,000 SF
Days on Market24

Property Features for 5521 WAYNE AVENUE #507

General Information

Standard status Active
Size 42,000 SF
Property subtype Apartment
Lease Type /mo

Additional Details

Highway Access Yes
Multifamily Units 50

Amenities

fitness center
rooftop deck
resident lounge

Building Details

Year Built 2025
Stories 6
Listing Agency: JBMP Group
Listed By: Maria A. Pacitti
Source: Cummingsrealtors
Added: Jul 9 Changed: Jul 26 Last Checked: Aug 1 at 4:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JBMP Group

Investment Insights

Based on property information with market context.

The Grove is a six-story, 50-unit apartment community at 5521 Wayne Avenue. The property includes amenities such as a fitness center, rooftop deck, and resident lounge.

Conveniently located near Chelten Avenue SEPTA Station, Germantown Avenue, and I-76, The Grove provides straightforward access to Center City and surrounding local amenities.

The listing represents an apartment unit within the community and is positioned to serve residents looking for a modern, amenity-forward setting.

Key Highlights

  • Year built 2025: six‑story apartment community
  • 50‑unit community at 5521 Wayne Avenue
  • On‑site fitness center for residents

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Building Supply Carpet & Flooring Store Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

50
Residential units
Yes
Highway access
NNN (Triple Net)
Lease Type
$0.07 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,765
Businesses Nearby

Demographics for 19144, PA

44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$37.67 /SF/Yr
Avg Asking Price
$0.58–$64.33 /SF/Yr
Price Range
1,757 SF
Avg Space Size

This space is priced 99% below the average of $37.67 /SF/Yr.

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-story, 50-unit apartment community offering on-site amenities including a fitness center and rooftop deck.
Where is this apartment building located?
The property is located at 5521 WAYNE AVENUE #507 Philadelphia, PA.
What is the lease rate?
The lease rate is $1,550 /Mo.
What are key features of this property?
This property features: Year built 2025: six‑story apartment community; 50‑unit community at 5521 Wayne Avenue; On‑site fitness center for residents
More about this property
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