5214 WAYNE AVE Philadelphia, PA 19144
0.51 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Under Contract
Purchase Type For Sale
Subdivision Germantown (West)
MLS Listing ID PAPH2554390
Year Built 1900
Annual Tax Amount $8,244
Tax Year 2025
Lot Size 0.505 Acres
Acres 0.51
Lot Dimensions 76.00 x 26.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RTA1
Interior
Hot Water Electric
Heating Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Water Access N
Roof Type Pitched
Accessibility None
Total Parking Spaces 3
Garage N
Building
Lot Description Rear Yard, SideYard(s), Front Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Germantown
School District Philadelphia City
Others
Tax ID 123217800
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
- 4
Cook-Wissahickon Elementary School
Public | KG - 8
- 4
Emlen Elementary School
Public | KG - 5
- 4
Wissahickon Charter School
Public | KG - 8
- 4
Mastery Charter School - Francis D. Pastorius Elemen
Public | KG - 8
- 4
Kipp Philadelphia Charter School
Public | KG - 12
- 4
John F. Hartranft School
Public | PK - 8
- 4
Antonia Pantoja Community Charter School
Public | KG - 8
- 3
Charles W. Henry School
Public | KG - 8
- 3
Henry H. Houston Elementary School
Public | KG - 8
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Thomas Mifflin School
Public | PK - 8
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Imani Educationl Circle Charter School
Public | KG - 8
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Fitler Academics Plus
Public | 1 - 8
- 3
Grover Cleveland Mastery Charter School
Public | KG - 8
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Mastery Charter School - Clymer Elementary
Public | KG - 8
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William Rowen Elementary School
Public | KG - 5
- 3
William McKinley School
Public | KG - 8
- 3
Pan American Academy Charter School
Public | KG - 8
- 2
Anna Lane Lingelbach School
Public | KG - 8
- 2
Khepera Charter School
Public | KG - 8
- 2
Rhodes Elementary School
Public | KG - 8
- 9
Hill J E/Freedman Samson
Public | 6 - 9
- 7
Amy NW
Public | 6 - 8
- 4
Mastery Charter School-Pickett Campus
Public | 6 - 12
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Esperanza Cyber Charter School
Public | 6 - 12
- 3
Esperanza Academy Charter High School
Public | 6 - 12
- 2
Eastern University Academy Charter School
Public | 7 - 12
- 2
Anna Blakiston Day School
Public | EE - 8
- 2
The Promise Academy at Roberto Clemente Middle School
Public | 6 - 8
- 1
Morris E. Leeds Middle School
Public | 6 - 8
- 1
General Louis Wagner Middle School
Public | 6 - 8
- 0
Wordsworth Academy
Private | 6 - 12
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Wyncote Academy
Private | 6 - 12
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Central High School
Public | 9 - 12
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Carver High School
Public | 9 - 12
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Girls High School
Public | 9 - 12
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Philadelphia Military Academy at Elverson
Public | 9 - 12
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Multi-Cultural Academy Charter School
Public | 9 - 12
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Parkway Northwest
Public | 9 - 12
- 2
Randolph A. Philip Avt High School
Public | 9 - 12
- 1
Strawberry Mansion High School
Public | 9 - 12
- 1
Dobbins Avt High School
Public | 9 - 12
- 1
Promise Academy at Martin Luther King High School
Public | 9 - 12
- 1
Act Academy Cyber Charter School
Public | 9 - 12
- 1
Mastery Charter School at Gratz
Public | 9 - 12
- 1
Imhotep Institute Chs
Public | 9 - 12
- 1
Delaware Valley Chs
Public | 9 - 12
- 1
Edison / Fareira High School
Public | 9 - 12
- 1
Kensington Health Sciences Academy
Public | 9 - 12
- 0
Bridge Way School
Private | 10 - 12
- 0
Mercy Vocational High School
Private | 9 - 12
- 0
Hope Charter School
Public | 9 - 12
- 0
Cristo Rey Philadelphia High School
Private | 9 - 12