5 months on rocket

Backup Offers

5201 Lebanon Ave, Philadelphia, PA, 19131

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
1,824 SqFt
$274/SqFt
Multi

Location

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5201 Lebanon Ave, Philadelphia$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAdditional Storage Area, Basement Garage, Garage - Rear Entry, Public, Driveway, On Street, Attached Garage
Garage1 space
Year Built1920
HeatingForced Air
CoolingCentral Air, Ceiling Fan(s)
MLS #PAPH2357576
Lot Size0.07 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 5201 Lebanon Ave

***Back on the Market due to Buyer's inability to secure proper funding! Their loss is your gain as this is a rare money-making property with a HOTEL LICENSE!!*** Seize this rare opportunity to own a legally designated triplex with two highly-rated, turnkey short-term rental units, complete with a transferable HOTEL license, in the highly sought-after neighborhood of Wynnefield, Philadelphia. This property not only offers a lucrative short-term rental business but also comes with a valid hotel variance for six rooms and a short-term rental license—both extremely difficult and costly to acquire. INCLUDES ALL ITEMS IN THE 2nd and 3rd Floor Units!! Located just minutes from the Main Line, City Ave and conveniently near sports venues, concert halls, and St. Joseph's University, this property guarantees a steady stream of guests. The two upper units are freshly remodeled and fully furnished, exuding a cool city vibe that immediately puts guests in vacation mode upon entry. The sale includes everything from the top two short-term rental units, such as beds, sheets, appliances, furniture, kitchenware, and more, making it a true turnkey operation. The first-floor unit is occupied by a long-term tenant, ensuring stable rental income. The property boasts excellent reviews on multiple platforms like VRBO, Travelocity, Booking and Expedia, reflecting its strong reputation. Stunning interior features include exposed brick walls, custom cabinets, and high wood beam ceilings, all designed with an urban loft aesthetic. This investment is perfect for investors seeking an excellent addition to their portfolio, offering immediate income and growth potential. It's also ideal for owner-occupants, particularly first-time buyers looking to house-hack or enter the short-term rental market. Remote investors will find it a great opportunity to invest in Philadelphia and build passive income from a distance. This trendy home is the perfect retreat for guests, providing a relaxing environment after a day of work or exploration in the vibrant city of Philadelphia. Don't miss out on this exceptional investment opportunity. Schedule a showing today and take the first step towards owning a high-performing, income-generating property.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional, Straight Thru
  • Year Built: 1920
  • Living Area: 1,824 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (215) 923-7600
  • Listing Agent: Brad Gellman

Interior Features

Interior Information:

  • Flooring Type: Hardwood, Tile/Brick
  • Interior: Ceiling Fan(s), Combination Kitchen/Dining, Additional Stairway, Dining Area, Floor Plan - Open

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Additional Storage Area, Basement Garage, Garage - Rear Entry, Public, Driveway, On Street, Attached Garage

Virtual/3D Tour

  • Virtual Tour: 5201 Lebanon Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot: Side Yard(s), Front Yard, Corner Lot
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: off of Belmont ave. turn left onto Wynnefield Ave, left onto Parkside Ave N, right onto Bryn Mawr Ave, left on Lebanon Ave.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000
  • Price Per SqFt: $274/SqFt

Tax Information:

  • Annual Amount: $854
  • Tax Year: 2020
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Housing Market Comparison

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

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Philadelphia, PA

City

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

5201 Lebanon Ave vs Philadelphia

153 DAYS ON ROCKET

+109 Days

$499,000

+$237.1K More

$274/SqFt

+$75 More

KEY TAKEAWAY

This property is $237.1K more than the Median Sold Price and $75/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: #PAPH2357576

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (215) 923-7600
  • Listing Agent: Brad Gellman

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: 11/21/2024, 6:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 12, 2021Home Sold
$110,000
May 03, 2019Home Sold
$90,000
Mar 06, 2017Home Sold
$50,000
Dec 18, 2013Home Sold
$20,000

Tax History

YEARPROP. TAXASSESSMENT
2020$854 -
2019$573$41,000
2018$788$56,300
2017$788$56,300

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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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-390009
3
/10

  • Mastery Charter School Mann Elementary

  • 5376 W Berks St

  • 0.26 miles

  • Public Charter Grades KG-6

school-card-donut-390010
3
/10

  • Universal Institute Charter School at Bluford

  • 5801 Media St

  • 1.10 miles

  • Public Charter Grades KG-6

school-card-donut-390011
3
/10

  • Inquiry Charter School

  • 1301 Belmont Ave

  • 1.27 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,000. Typical income of Philadelphia, PA residents is between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19131›5201 Lebanon Ave

This home is located at 5201 Lebanon Ave in Philadelphia, PA and zip code 19131 in the Wynnefield neighborhood. This 1,824 square foot home, which was built in 1920, sits on a 0.07 acre lot. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $499,000.

While more than 252 listings in Philadelphia, PA in October 2024 were sold above asking price, there were more than 237 listings sold at asking price, and more than 567 were sold below. The number of listings in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024 median list price was $261,807 and the average listing age was 44 days.

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

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