506 W MASTER ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19122
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,955 sqft
Price per Sqft $294
Subdivision Kensington
MLS Listing ID PAPH2514750
Style Traditional
Abv Grd Liv Area 1,955
Year Built 2015
Annual Tax Amount $1,080
Tax Year 2024
Lot Size 918 Sqft
Acres 0.02
Lot Dimensions 16.00 x 59.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Welcome to 506 Master Street, a modern duplex in the Ludlow section of Kensington, directly across from Cruz Playground and just a short walk to the shops and restaurants along Girard Avenue. Built in 2015, this turnkey property offers a perfect opportunity for an owner-occupant to offset their mortgage with rental income while enjoying the benefits of a booming neighborhood with significant nearby development. The lower unit (905 sq ft) features 2 bedrooms, 1 full bath, and a private rear yard perfect for outdoor entertaining or gardening. The upper unit (1,050 sq ft) also offers 2 bedrooms and 1 full bath, with large windows flooding the space with natural light. Both units feature hardwood floors, spacious layouts, separate laundry, and updated finishes that make moving in or leasing seamless. Additional highlights include: solar panels on the roof for energy savings, separate utilities for each unit, delivered fully vacant for immediate rental or occupancy flexibility. Previously rented at $1,650/month for the upper unit with potential for $2,000/month+ in today's market and $1,450/month for the lower unit with potential for $1,800/month+. Whether you're looking to build wealth or expand your investment portfolio with a low-maintenance property, 506 Master Street offers the ideal blend of location, modern construction, and long-term upside in a rapidly developing area. Don't miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RSA5
Interior
Hot Water Natural Gas
Cooling Central A/C
Inclusions All appliances in as-is condition
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 885177120
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard