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5214 Wayne Ave
Philadelphia, PA 19144
Multifamily Property For Sale
·
5 Units
Executive Summary
5214 Wayne Avenue | Philadelphia, PA 19144
Legal 5-Unit Multifamily | West Germantown | Priced to Sell | 1031 Exchange Opportunity
Exceptional investment opportunity in one of Northwest Philadelphia’s most active growth corridors! 5214 Wayne Avenue is a fully leased, low-maintenance legal 5-unit multifamily property offering both immediate income and long-term development upside.
Sitting on nearly 22,000 sq ft of land with a 5,100 sq ft building footprint, the property utilizes less than 25% of its lot—ideal for expansion, additional units, or creative value-add projects. Current monthly gross income $4,658 (average $856 per unit) leaves room to raise rents or reconfigure layouts to meet demand.
Located just off Chelten & Wayne Avenues near the growing Mt. Airy and East Falls borders, residents enjoy walkable access to transit, shops, cafés, and Wissahickon Valley Park. Minutes to Wayne Junction Station and major routes.
Highlights:
Owner Retiring – Priced to Sell
1031 Exchange Ready – Immediate Tax Savings
Fully Leased, Well Maintained for 20+ Year
2025 Lead Safety Certification for all unit
No L & I Violations
Massive 22,000 SF Lot / Development Potential
High-Demand West Germantown Location
Turnkey cash flow today, with significant upside for the next investor or developer.
Legal 5-Unit Multifamily | West Germantown | Priced to Sell | 1031 Exchange Opportunity
Exceptional investment opportunity in one of Northwest Philadelphia’s most active growth corridors! 5214 Wayne Avenue is a fully leased, low-maintenance legal 5-unit multifamily property offering both immediate income and long-term development upside.
Sitting on nearly 22,000 sq ft of land with a 5,100 sq ft building footprint, the property utilizes less than 25% of its lot—ideal for expansion, additional units, or creative value-add projects. Current monthly gross income $4,658 (average $856 per unit) leaves room to raise rents or reconfigure layouts to meet demand.
Located just off Chelten & Wayne Avenues near the growing Mt. Airy and East Falls borders, residents enjoy walkable access to transit, shops, cafés, and Wissahickon Valley Park. Minutes to Wayne Junction Station and major routes.
Highlights:
Owner Retiring – Priced to Sell
1031 Exchange Ready – Immediate Tax Savings
Fully Leased, Well Maintained for 20+ Year
2025 Lead Safety Certification for all unit
No L & I Violations
Massive 22,000 SF Lot / Development Potential
High-Demand West Germantown Location
Turnkey cash flow today, with significant upside for the next investor or developer.
Property Facts Under Contract
| Price Per Unit | $90,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 5 | Building Size | 9,800 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | ||
| Zoning | RTA1 - Residential Two-Family Attached district primarily for two-family, semi-detached houses on individual lots. | ||
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 9,800 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | RTA1 - Residential Two-Family Attached district primarily for two-family, semi-detached houses on individual lots. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | 733 |
| 2+1 | 2 | - | 1,032 |
Property Taxes
| Parcel Number | 123217800 | Improvements Assessment | $471,200 |
| Land Assessment | $117,800 | Total Assessment | $589,000 |
Property Taxes
Parcel Number
123217800
Land Assessment
$117,800
Improvements Assessment
$471,200
Total Assessment
$589,000
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5214 Wayne Ave
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