#PAPH2515428, Taison DeVore, Listing office: Trinity Property Advisors
5230 N 2nd St Philadelphia, PA 19120
Property details
About 5230 N 2nd St
Newly Repriced! This duplex property is packed with potential and primed for your vision. Once renovated, the property has the potential to generate over $34,450 in annual rental income. Even after factoring in acquisition and renovation costs, the investment offers an impressive 11% return—delivering immediate cash flow with significant room for future appreciation. Located on a leafy, residential block in desirable Oak Lane, this spacious home offers solid bones, original charm, and multiple value-add opportunities. Interior highlights include high ceilings, large windows, and original trim work that lend character and natural light throughout. While the property requires cosmetic updates—such as new flooring, fresh paint, and general cleanup—the existing layout offers an ideal foundation for a profitable renovation. Whether you're looking for a flip or a long-term rental, this is a versatile investment. With the right improvements, it can be repositioned for higher rents or increased market value, making it a strong candidate for the BRRRR strategy or Section 8 placement post-rehab. Don’t miss the chance to turn this classic duplex into a high-performing asset in a growing neighborhood.
Highlights
(ACTIVE)
Summary
- Flooring Type: Hardwood, Solid Hardwood, Wood
- Interior: Attic
- Parking: On Street
- Architectural Style: AirLite
- Heating: Radiant
- Cooling: None
- List Price: $199,000
- Price/SqFt: $117
- Annual Tax Amount: $1,559
- Tax Year: 2023
- Directions: Please use GPS
- Year Built: 1930
- Living Area: 1,688 SqFt
- Municipality: Philadelphia
- Lot Size: 0.06 Acres
- MLS Number: PAPH2492912
- MLS Name: BRIGHT
- Office Name: Elfant Wissahickon-Rittenhouse Square
- Office Phone: (215) 893-9920
- Listing Agent: Katherine Vail
- Agent Phone: (215) 668-4989
- Agent Email: katevail@ewrhomes.com
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Last updated on: 7/15/2025, 9:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $191,400 | $1,559 |
2022 | $146,400 | $2,049 |
2021 | $- | $677 |
2020 | $93,400 | $1,307 |
2019 | $86,800 | $1,215 |
2018 | $92,100 | $1,289 |
2017 | $92,100 | $- |
History based on county public records data.
Nearby schools
4
James R. Lowell Elementary School
Public District KG-4
0.7 mi
•450 W Nedro Ave
4
Feltonville Intermediate School
Public District 3-5
0.8 mi
•238 E Wyoming Ave
4
Cayuga Elementary Promise Academy
Public District KG-5
1.0 mi
•4344 N 5th St # 4358
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 $28,333. Residents of Philadelphia, PA typically earn less than $<35k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 5230 N 2nd St
The listing price of 5230 N 2nd St property is $199,000.
The property 5230 N 2nd St is a multi located in Philadelphia, Pennsylvania, 19120.
Active Listing: 5230 N 2nd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5230 N 2nd St are: James R. Lowell Elementary School (GreatSchools Rating 4/10), Feltonville Intermediate School (GreatSchools Rating 4/10), Cayuga Elementary Promise Academy (GreatSchools Rating 4/10), Andrew J. Morrison School (GreatSchools Rating 4/10), Olney Elementary School (GreatSchools Rating 5/10), Thurgood Marshall School (GreatSchools Rating 4/10), Philadelphia Learning Academy - North (GreatSchools Rating 1/10), Esperanza Cyber Charter School (GreatSchools Rating 3/10), Esperanza Academy Charter School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $1,559 (source: MLS/based on county public records data).
The property 5230 N 2nd St is 1,688 SqFt (source: MLS/tax record).
The year of construction for 5230 N 2nd St is 1930.
This home is located at 5230 N 2nd St in Philadelphia, PA and zip code 19120 in the Olney / Oak Lane neighborhood. This 1,688 square foot home, which was built in 1930, sits on a 0.06 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 10, 2025 and is currently priced at $199,000.
The number of homes for sale in Philadelphia, PA increased by 36.5% between May and June 2025. The median list price of listings available in June 2025 was $292,873, while the average time on the real estate market was 90 days.