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1010 N 5TH Street

PHILADELPHIA, PA 19123
  • $1,150,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: PAPH2649938
UPDATED: 40 min ago
$1,150,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

Classic brick-front Philadelphia semi-detached row in highly sought-after Northern Liberties. Large multifamily building with separate utilities. Functional units with some updated kitchens/baths. Layout: front studio, two 1‑bed front units, and a spacious bi-level 2‑bed rear with private entrance, huge yard, and off-street parking. Formerly connected to a renovated non-conforming studio (5th unit) via internal stairs, offering conversion potential. Units feature natural gas boilers, gas water heaters, and mini-split AC. Strong neighborhood appreciation history and upside potential. Offering memorandum available upon request. Listing agent related to owner. The financial information presented herein is based on seller-provided operating history and is believed to be accurate but has not been independently verified. Real estate taxes reflect the 2026 tax year. Prospective purchasers should perform their own due diligence regarding future tax assessments and operating expenses. Repairs and maintenance expenses are based on the property's 2025 operating history. Ownership has historically self-managed the property; accordingly, no third-party management expense has been included in the operating statements. Investors should underwrite an appropriate management fee based on their intended ownership and management structure. The property has been maintained as a long-term investment and features a proven rental history. Several units have been renovated over time as they became vacant, with remaining legacy units presenting an opportunity for continued value creation through future renovations and rent growth. The pro forma financials, where provided, are intended to illustrate the potential income achievable through stabilization at market rental rates and should not be construed as a guarantee of future performance. All prospective purchasers are encouraged to independently verify income, expenses, leases, taxes, and all other financial information as part of their due diligence.

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©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. 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. Data last updated: 2026-08-14T13:56:58.487.
www.zimmermanteam.com/homes/179004534
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1010 N 5TH Street PHILADELPHIA, PA 19123

  • Price: $1,150,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 40 min ago
  • ID#: PAPH2649938
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1920
Built
Neighborhood:
Northern Liberties
County:
Philadelphia
Area:
19123 (19123)
School District:
The School District Of Philadelphia
Property Description
Classic brick-front Philadelphia semi-detached row in highly sought-after Northern Liberties. Large multifamily building with separate utilities. Functional units with some updated kitchens/baths. Layout: front studio, two 1‑bed front units, and a spacious bi-level 2‑bed rear with private entrance, huge yard, and off-street parking. Formerly connected to a renovated non-conforming studio (5th unit) via internal stairs, offering conversion potential. Units feature natural gas boilers, gas water heaters, and mini-split AC. Strong neighborhood appreciation history and upside potential. Offering memorandum available upon request. Listing agent related to owner. The financial information presented herein is based on seller-provided operating history and is believed to be accurate but has not been independently verified. Real estate taxes reflect the 2026 tax year. Prospective purchasers should perform their own due diligence regarding future tax assessments and operating expenses. Repairs and maintenance expenses are based on the property's 2025 operating history. Ownership has historically self-managed the property; accordingly, no third-party management expense has been included in the operating statements. Investors should underwrite an appropriate management fee based on their intended ownership and management structure. The property has been maintained as a long-term investment and features a proven rental history. Several units have been renovated over time as they became vacant, with remaining legacy units presenting an opportunity for continued value creation through future renovations and rent growth. The pro forma financials, where provided, are intended to illustrate the potential income achievable through stabilization at market rental rates and should not be construed as a guarantee of future performance. All prospective purchasers are encouraged to independently verify income, expenses, leases, taxes, and all other financial information as part of their due diligence.
Exterior Features

Construction Materials Brick FrontMasonryStone Garage YN No Parking Types DrivewayOn Street Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3686.00 Cooling Ductless/Mini-Split Heating RadiatorBaseboard - Hot Water Heating YN Yes Net Square Feet 3686.00

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Electric Gross Income 85800.00 Heating Fuel Natural Gas Hot Water Natural GasMulti-tank Insurance Expense 3869.00 Maintenance Expense 3500.00 Municipality PHILADELPHIA Navigable Water YN N Net Operating Income 71177.00 New Construction YN No Original MLSNumber 805174262680 Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 10778.00 Total Actual Rent 84000.00 Trash Expense 500.00 Vacation Rental YN No Water Source Public Zoning RSA-5

Listing courtesy of JG Real Estate LLC: .


©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. 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. Data last updated: 2026-08-14T13:56:58.487.
 
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800 New Holland Ave Suite 271
Lancaster PA, 17602