3 months on rocket

5354 Locust St, Philadelphia, PA, 19139

$349,500

Home List Price

$4,150*

Closing Credit

0 Baths
1,440 SqFt
$243/SqFt
Multi

Location

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5354 Locust St, Philadelphia$349,500

Buyer Closing Credits

$4,150*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingGarage - Side Entry, Covered Parking, Heated, Lighted Parking, Private, Secure Parking, Off Street, Attached Garage
Garage1 space
Year Built1925
HeatingRadiant, Baseboard
CoolingNone
MLS #PAPH2361862
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 5354 Locust St

Welcome to 5354 Locust Street, a classic, red-brick, end-unit row home offering an exceptional opportunity for investors or owner-occupants looking to house hack. This property features two spacious units perfect for rental income or multi-generational living. Unit 1 is a bi-level apartment with 5 bedrooms (which can be used as 6) and 2 bathrooms. It boasts generously sized rooms, including one with a fireplace, ample closets for storage, a breakfast room, built-in microwave, full size washer/dryer, and multiple entrances for convenient access. The unit includes two full bathrooms with tub shower combos and numerous windows that flood the space with natural light. Unit 2 offers a comfortable living space with 2 bedrooms (which can be used as 3) and 1 bathroom. This unit features a front patio entrance, straight-through floor plan that allows for abundant natural light and easy living/entertaining options. The large common area kitchen has plenty of space for a kitchen or sofa. In addition there is an in-unit washer/dryer and extensive closet space within the unit. Located in the vibrant neighborhood of West Philadelphia, 5354 Locust Street is surrounded by an array of amenities and attractions. The property is in close proximity to Center City, University City, Fairmount Park, and the scenic Cobbs Creek Trail. This prime location offers various transportation options, including easy access to public transit, convenient driving routes to major city hubs, and the nearby Cobbs Creek Trail for walking, running, or biking. The property's flexible layout and prime location make it an ideal investment. Live in one unit and rent out the other to offset your mortgage, or rent both units for a strong cash flow. The spacious rooms, modern amenities, and excellent neighborhood appeal to both renters and potential buyers. Don’t miss out on this unique opportunity to own a versatile and profitable property in one of Philadelphia’s most desirable neighborhoods. There is also a garage, which can be used for additional storage or more rental income. The garage has heat and electricity. Schedule your viewing today and imagine the possibilities at 5354 Locust Street! **PLEASE SEE ATTACHED DOCUMENT FOR RENT ROLL AND EXPENSES***

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1925
  • Living Area: 1,440 SqFt

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Ian J Perler

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Wood

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Parking: Garage - Side Entry, Covered Parking, Heated, Lighted Parking, Private, Secure Parking, Off Street, Attached Garage

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Radiant, Baseboard
  • Cooling: None

School Info

Assigned Schools Information:

  • William L. Sayre High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: Located on the corner of 54th street and Locust Street

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $349,500
  • Price Per SqFt: $243/SqFt

Tax Information:

  • Annual Amount: $1,047
  • 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

$260K

Med. Price/SqFt

$198

Avg. Days On Market

42

# of Sold Homes

1023

5354 Locust St vs Philadelphia

90 DAYS ON ROCKET

+48 Days

$349,500

+$89.4K More

$243/SqFt

+$44 More

KEY TAKEAWAY

This property is $89.4K more than the Median Sold Price and $44/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: #PAPH2361862

Listing Office:

  • Office Name: KW Empower
  • Office Phone: (215) 627-3500
  • Listing Agent: Ian J Perler

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: 9/20/2024, 10:20:52 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

Apr 18, 2007Home Sold
$65,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,047 -
2019$1,007$72,000
2018$1,086$77,600
2017$1,086$77,600

History based on county public records data.

Payment Calculator

$1,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,114

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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.

High School

school-card-donut-155526
3
/10

  • William L. Sayre High School

  • 5800 Walnut St

  • 0.50 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,395. The majority of Philadelphia, PA residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19139›5354 Locust St

This home is located at 5354 Locust St in Philadelphia, PA and zip code 19139 in the Cobbs Creek neighborhood. This 1,440 square foot home, which was built in 1925, sits on a 0.04 acre lot. It has been listed on Rocket Homes since June 22, 2024 and is currently priced at $349,500.

While more than 247 listings in Philadelphia, PA in August 2024 were sold above asking price, there were more than 224 listings sold at asking price, and more than 552 were sold below. The inventory of homes for sale in Philadelphia, PA between July 2024 and August 2024 increased by 3.5%. In August 2024 median list price was $260,064 and the average listing age was 42 days.

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

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