4 months on rocket

2241 N 5th St, Philadelphia, PA, 19133

$498,900

Home List Price

$5,924*

Closing Credit

0 Baths
2,205 SqFt
$226/SqFt
Multi

Location

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2241 N 5th St, Philadelphia$498,900

Buyer Closing Credits

$5,924*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1920
HeatingOther
CoolingWall Unit(s)
BasementYes
MLS #PAPH2349084
Lot Size0.02 Acres
StatusActive
(ACTIVE)

About 2241 N 5th St

Opportunity Alert! This posh and modern duplex in Norris square is fully furnished, profitable and Airbnb ready! Step into this charming and Chic turn key money making duplex nestled in the heart of Philadelphia’s booming Norris Square. Meticulously renovated and designed by a professional architect and interior designer, this property epitomizes modern comfort and style. Key Features: As you enter, you're greeted by a spacious, light-filled living area with soaring 9’ ceilings and brand new LVP floors by Shaw, setting the tone for the elegance that awaits throughout. The entire property boasts a sophisticated aesthetic with all new interior and exterior doors, complemented by custom LED lighting that accentuates every corner. One of the highlights is the expansive bi-level roof deck, accessible from Unit 2, offering breathtaking skyline views of Philadelphia. Picture yourself hosting memorable gatherings under the stars, with LED accent lighting along the parapet creating a magical ambiance. The custom steel staircase adds a touch of industrial chic, leading seamlessly to the outdoor Sonos music system with integrated outdoor speakers, perfect for entertaining guests against the backdrop of the city lights. Inside, both kitchens feature sleek water-fall edge quartz countertops, matte black hardware, and Bosch dishwashers for added convenience. The electric GE ranges and Whirlpool slim microwaves vented to the exterior cater to culinary enthusiasts. Each unit includes a pantry closet and is equipped with its own high-end Whirlpool and Maytag washer/dryer stack, ensuring modern functionality at every turn. Technology enthusiasts will appreciate the property’s smart home features, including digital smart Wi-Fi locks with fingerprint sensors, a video doorbell and intercom system, and smart exterior lighting for enhanced security and convenience. CAT 6 ethernet wiring throughout ensures seamless connectivity, while heated electric bathroom floors in Unit 2 add a touch of luxury. For investors seeking immediate returns, this property is turnkey and Airbnb-ready, currently generating a gross income of $57,600 annually. Every detail, from the stylish furniture to the top-of-the-line home decor, has been carefully curated to create an inviting atmosphere that guests will love. The neighborhood of Norris Square offers the best of urban living with trendy cafes, eclectic restaurants, and green spaces just moments away. With a legal use variance for two-family occupancy, the duplex presents a rare opportunity for flexible living arrangements or continued investment success. This is an extraordinary opportunity to own a fully furnished, profitable property in one of Philadelphia’s most opportune neighborhoods. Whether you envision it as your first investment, dream home, family estate builder or a savvy investment, schedule a showing today and experience the pinnacle of city living in Norris Square. Your urban oasis awaits!

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 1920
  • Living Area: 2,205 SqFt

Listing Office:

  • Office Name: Ergo Real Estate Company
  • Office Phone: (267) 607-3551
  • Listing Agent: Julian V Hinson

Interior Features

Interior Information:

  • Appliances: Microwave, Dryer, Oven, Gas Range, Stainless Steel Appliances, Washer, Water Heater, Refrigerator
  • Basement: Yes
  • Flooring Type: Luxury Vinyl Plank
  • Interior: 2nd Kitchen, Floor Plan - Open, Kitchen - Island, Sound System, Wet/Dry Bar

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: North on 5th St rom norris

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $498,900
  • Price Per SqFt: $226/SqFt

Tax Information:

  • Annual Amount: $837
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

2241 N 5th St vs Philadelphia

143 DAYS ON ROCKET

+99 Days

$498,900

+$237K More

$226/SqFt

+$27 More

KEY TAKEAWAY

This property is $237K more than the Median Sold Price and $27/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2349084

Listing Office:

  • Office Name: Ergo Real Estate Company
  • Office Phone: (267) 607-3551
  • Listing Agent: Julian V Hinson

IDX 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. ©2024 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: 11/23/2024, 3:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 13, 2020Home Sold
$180,000
Jan 10, 2017Home Sold
$72,000

Tax History

YEARPROP. TAXASSESSMENT
2020$837 -
2019$1,096$78,300
2018$1,337$95,500
2017$1,337$95,500

History based on county public records data.

Payment Calculator

$2,557

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-795079
1
/10
  • Isaac A. Sheppard Elementary School

  • 120 W Cambria St

  • 0.78 miles

  • Public District Grades KG-4

school-card-donut-795080
6
/10
  • John Moffet Elementary School

  • 127 W Oxford St

  • 0.78 miles

  • Public District Grades KG-5

school-card-donut-795081
7
/10
  • Horatio B. Hackett School

  • 2161 E York St

  • 0.83 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,609. Residents of Philadelphia, PA typically earn less than $35k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia191332241 N 5th St

This home is located at 2241 N 5th St in Philadelphia, PA and zip code 19133 in the Hartranft neighborhood. This 2,205 square foot home, which was built in 1920, sits on a 0.02 acre lot. It has been listed on Rocket Homes since July 02, 2024 and is currently priced at $498,900.

Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 44 days, the median list price was $261,807.

From Rocket Homes Real Estate and based on county public records data.

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