#PAPH2477776, Matin Haghkar, Listing office: RE/MAX Plus
$575,000 List price
506 W Master St Philadelphia, PA 19122
1,955 sqft
0.02 acres
$294 / sqft
Multi-Family
Property details
About 506 W Master St
Welcome to 506 Master Street, a modern duplex in the Ludlow section of Kensington, directly across from Cruz Playground and just a short walk to the shops and restaurants along Girard Avenue. Built in 2015, this turnkey property offers a perfect opportunity for an owner-occupant to offset their mortgage with rental income while enjoying the benefits of a booming neighborhood with significant nearby development. The lower unit (905 sq ft) features 2 bedrooms, 1 full bath, and a private rear yard perfect for outdoor entertaining or gardening. The upper unit (1,050 sq ft) also offers 2 bedrooms and 1 full bath, with large windows flooding the space with natural light. Both units feature hardwood floors, spacious layouts, separate laundry, and updated finishes that make moving in or leasing seamless. Additional highlights include: solar panels on the roof for energy savings, separate utilities for each unit, delivered fully vacant for immediate rental or occupancy flexibility. Previously rented at $1,650/month for the upper unit with potential for $2,000/month+ in today's market and $1,450/month for the lower unit with potential for $1,800/month+. Whether you’re looking to build wealth or expand your investment portfolio with a low-maintenance property, 506 Master Street offers the ideal blend of location, modern construction, and long-term upside in a rapidly developing area. Don’t miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size1,955 sqft
Lot size0.02 Acres
Year built2015
ParkingOn Street
MLS #PAPH2514750
Summary
- Parking: On Street
- Architectural Style: Traditional
- Heating: Forced Air
- Cooling: Central Air
- List Price: $575,000
- Price/SqFt: $294
- Annual Tax Amount: $1,080
- Tax Year: 2023
- Directions: On Master between Randolph and 5th
- Year Built: 2015
- Living Area: 1,955 SqFt
- Municipality: Philadelphia
- Lot Size: 0.02 Acres
- MLS Number: PAPH2514750
- MLS Name: BRIGHT
- Office Name: Kurfiss Sotheby's International Realty
- Office Phone: (215) 298-9415
- Listing Agent: Lindsey Toconita
- Agent Phone: (610) 806-2113
- Agent Email: ltoconita@kurfiss.com
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 5:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 24, 2013 | Home Sold | $37,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $77,200 | $1,080 |
| 2022 | $77,200 | $1,080 |
| 2021 | $- | $1,080 |
| 2020 | $77,200 | $1,080 |
| 2019 | $77,200 | $1,080 |
| 2018 | $75,000 | $1,049 |
| 2017 | $4,400 | $61 |
History based on county public records data.
Nearby schools
6
John Moffet Elementary School
Public District KG-5
0.5 mi
•127 W Oxford St
7
Horatio B. Hackett School
Public District KG-5
1.1 mi
•2161 E York St
2
Kipp North Philadelphia Charter School
Public Charter KG-6
1.5 mi
•2539 N 16th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,340. Most Philadelphia, PA residents have annual incomes less than $<35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
58%
<35k
37%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
58%
Single, No Kids
23%
Single, with Kids
13%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
40%
18-34 yrs old
31%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Music Concerts
Where do the neighbors shop?
IKEA
Crate & Barrel
H&M
Where do the neighbors go to eat?
Quiznos
Starbucks
Chipotle
What do the neighbors drive?
Lexus
BMW
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary
News- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 506 W Master St
The listing price of 506 W Master St property is $575,000.
The property 506 W Master St is a multi located in Philadelphia, Pennsylvania, 19122.
Active Listing: 506 W Master St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 506 W Master St are: John Moffet Elementary School (GreatSchools Rating 6/10), Horatio B. Hackett School (GreatSchools Rating 7/10), Kipp North Philadelphia Charter School (GreatSchools Rating 2/10), James R. Ludlow Elementary School (GreatSchools Rating 3/10), Young Scholars Charter School (GreatSchools Rating 4/10), General Philip Kearny School (GreatSchools Rating 4/10), Bodine William W High School (GreatSchools Rating 5/10), The U School: Innovative Lab (GreatSchools Rating 2/10), Kensington Creative & Performing Arts High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,080 (source: MLS/based on county public records data).
The last sale was on October 24, 2013 for $37,500 (source: MLS/tax record).
The property 506 W Master St is 1,955 SqFt (source: MLS/tax record).
The year of construction for 506 W Master St is 2015.
This home is located at 506 W Master St in Philadelphia, PA and zip code 19122 in the Ludlow neighborhood. This 1,955 square foot home, which was built in 2015, sits on a 0.02 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since July 10, 2025 and is currently priced at $575,000.
The number of listings in Philadelphia, PA increased by 36.5% between May and June 2025. In June 2025 median list price was $292,873 and the average listing age was 90 days.
From Rocket Homes Real Estate and based on county public records data.