2 months on rocket

5622 N 2nd St, Philadelphia, PA, 19120

$425,000

Home List Price

$5,047*

Closing Credit

0 Baths
2,115 SqFt
$201/SqFt
Multi

Location

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5622 N 2nd St, Philadelphia$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway, On Street
Year Built1930
HeatingBaseboard
CoolingNone
BasementYes
MLS #PAPH2390714
Lot Size0.13 Acres
StatusActive
(ACTIVE)

About 5622 N 2nd St

This standalone, fully refurbished, 2,415 sq. ft building presents an exceptional investment opportunity. It currently features three fully rented units, an open, inviting porch and front lawn, and a large backyard area with easy access to develop ADU units (additional dwelling units), for increased revenue. Each apartment has been thoroughly upgraded with new hardwood floors throughout, stainless steel appliances, refrigerators, stoves, and microwaves, along with new ceiling fans, and fresh coats of paint. Bathrooms have been upgraded as well with new toilets and showers. The first-floor unit is versatile, with two entrances and the option to configure it as a spacious one-bedroom or two-bedroom apartment. It also includes two dedicated parking spaces. The second and third floors host one-bedroom, one-bathroom units, each meticulously renovated, and with its own individual style and character. (current rents $1,250, $1,250 and $950) Recent updates include a brand-new roof, entire building power-washed, refreshed common areas with new carpeting, and a well-maintained exterior, along with a detached storage space in the rear, all adding the finishing touches. This property also has a modernized finished basement with a separate entrance, presenting a prime opportunity for additional rental income. 5622 N. 2nd St. is perfect for the savvy investor, NACA candidate, or 1031 Exchange individual, being sold as is. ****Owner says to bring all reasonable offers.****

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1930
  • Living Area: 2,115 SqFt

Listing Office:

  • Office Name: XL Realty Group
  • Office Phone: (757) 627-4663
  • Listing Agent: Dina J. Dashiell

Interior Features

Interior Information:

  • Appliances: Microwave, Oven, Electric Range, Refrigerator
  • Basement: Yes
  • Interior: Ceiling Fan(s)

Exterior Features

Parking Information:

  • Parking: Driveway, On Street

Virtual/3D Tour

  • Virtual Tour: 5622 N 2nd St
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: Please use your GPS service.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $201/SqFt

Tax Information:

  • Annual Amount: $2,259
  • 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

5622 N 2nd St vs Philadelphia

85 DAYS ON ROCKET

+41 Days

$425,000

+$163.1K More

$201/SqFt

+$2 More

KEY TAKEAWAY

This property is $163.1K more than the Median Sold Price and $2/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: #PAPH2390714

Listing Office:

  • Office Name: XL Realty Group
  • Office Phone: (757) 627-4663
  • Listing Agent: Dina J. Dashiell

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, 5:20:50 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

Jun 20, 2014Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,259 -
2019$2,099$150,000
2018$2,082$148,700
2017$2,082$148,700

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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-817346
4
/10

  • James R. Lowell Elementary School

  • 450 W Nedro Ave

  • 0.34 miles

  • Public District Grades KG-4

school-card-donut-817347
4
/10

  • Julia Ward Howe Academics Plus Elementary School

  • 5800 N 13th St

  • 0.95 miles

  • Public District Grades KG-5

school-card-donut-817348
4
/10

  • Feltonville Intermediate School

  • 238 E Wyoming Ave

  • 1.15 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,434. Most Philadelphia, PA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19120›5622 N 2nd St

This home is located at 5622 N 2nd St in Philadelphia, PA and zip code 19120 in the Olney neighborhood. This 2,115 square foot home, which was built in 1930, sits on a 0.13 acre lot. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $425,000.

In October 2024 more than 252 listings in Philadelphia, PA were sold above the asking price. During the same period more than 237 listings were sold at asking price, while 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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