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5015 McKean Ave
Philadelphia, PA 19144
Multifamily Property For Sale
·
6 Units
Executive Summary
5015 McKean Ave, Germantown — 7-Unit Historic Investment Opportunity + Carriage House
Located just steps from the coveted Germantown Cricket Club, this historic 7-unit property presents a rare opportunity for an investor to complete a substantial renovation already underway. The property also includes a detached carriage house, adding further upside potential.
Renovations are approximately 75% complete — all new mechanicals are already installed, including plumbing, electrical, water heaters, framing, and cabinetry. What remains is primarily finish work, allowing an investor to step in and complete the project on their own timeline and to their own specifications.
Please note: all permits for the building have expired. The property was renovated up through final inspection, but the work was never completed or closed out. Older stamped plans will be provided to the buyer. Property is being sold in as-is, where-is condition.
The property offers a desirable, diverse unit mix:
(4) one-bedroom apartments
(1) studio
(1) two-bedroom, two-bath unit
(1) three-bedroom, two-bath unit
(1) carriage house
Full of charm and unique architectural details throughout, this is a true one-of-a-kind property. The building is currently 100% vacant, offering a clean slate for renovation completion and lease-up.
Property size: ~4,382 sq ft building on a ~21,318 sq ft lot (nearly half an acre)
Opportunities like this don't come around often — schedule your showing today.
Unit Breakdown:
Unit Layout
1A Bi-level, 2 bed / 2 bath
1B 1 bed / 1 bath + living space & kitchen
1R Studio (rear of property)
2A 1 bed / 1 bath
2B 1 bed / 1 bath + living space & kitchen
2C 1 bed / 1 bath + small living space & kitchen
6 3 bed / 2 bath + living space & kitchen
Carriage House Detached structure — additional unit
Located just steps from the coveted Germantown Cricket Club, this historic 7-unit property presents a rare opportunity for an investor to complete a substantial renovation already underway. The property also includes a detached carriage house, adding further upside potential.
Renovations are approximately 75% complete — all new mechanicals are already installed, including plumbing, electrical, water heaters, framing, and cabinetry. What remains is primarily finish work, allowing an investor to step in and complete the project on their own timeline and to their own specifications.
Please note: all permits for the building have expired. The property was renovated up through final inspection, but the work was never completed or closed out. Older stamped plans will be provided to the buyer. Property is being sold in as-is, where-is condition.
The property offers a desirable, diverse unit mix:
(4) one-bedroom apartments
(1) studio
(1) two-bedroom, two-bath unit
(1) three-bedroom, two-bath unit
(1) carriage house
Full of charm and unique architectural details throughout, this is a true one-of-a-kind property. The building is currently 100% vacant, offering a clean slate for renovation completion and lease-up.
Property size: ~4,382 sq ft building on a ~21,318 sq ft lot (nearly half an acre)
Opportunities like this don't come around often — schedule your showing today.
Unit Breakdown:
Unit Layout
1A Bi-level, 2 bed / 2 bath
1B 1 bed / 1 bath + living space & kitchen
1R Studio (rear of property)
2A 1 bed / 1 bath
2B 1 bed / 1 bath + living space & kitchen
2C 1 bed / 1 bath + small living space & kitchen
6 3 bed / 2 bath + living space & kitchen
Carriage House Detached structure — additional unit
Property Facts
| Price Per Unit | $166,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| No. Units | 6 | Building Size | 4,382 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1970 |
| Apartment Style | Low-Rise | ||
| Zoning | RSA3 - Residential | ||
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 4,382 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | RSA3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 3 | - | - |
| 2+2 | 2 | - | - |
Property Taxes
| Parcel Number | 133147300 | Improvements Assessment | $505,600 |
| Land Assessment | $126,400 | Total Assessment | $632,000 |
Property Taxes
Parcel Number
133147300
Land Assessment
$126,400
Improvements Assessment
$505,600
Total Assessment
$632,000
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