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5000 Florence Ave
For Sale $599,000 ($234.90 per Sq Ft)
$599,000 ($234.90 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,550 Sq Ft
- 2,283 Sq Ft
Description
TriPlex. As a 1st time homeowner looking to house hack or a seasoned investor 5000 Florence Ave is ideal. Complete with a two-car garage that is perfectly suited for a future roof deck addition. With RM-1 zoning, the property allows for expansion of up to five units by right, offering a rare and valuable opportunity for both developers and investors. Currently the 3 units are rented under market value with leases through March 2026, two -2bed/1bath and one 1bed/1bath bringing in $48,000 annually.
The home features a walk-out basement with shared laundry facilities and side yard garden, fire pit, and seating—ideal for entertaining on cozy fall nights. The building was owner occupied for more than 15 years always with a history of strong rental performance. Current rents remain under market, creating immediate upside for increased returns. Offered in As-Is condition, the property provides a blank canvas for repositioning, expansion, and long-term growth. Easy walking distance to UPenn and Drexel Universities as well as the Baltimore Avenue favorites like Carbon Copy, Mariposa C0-Op Grocery and Clark Park.
Whether your goal is to elevate rental income or expand the building to maximize its potential, this triplex presents a rare chance to secure an asset in a highly desirable location. Don’t miss the opportunity to transform this property into a premier investment with exceptional promise.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $599,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,550 |
| Number of Stories | 0 stories |
| Parking Spots | 2 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 511147210 |
| MLS # | PAPH2540486 |
| Property ID | 322207805 |
| Lot Sqft | 2,283 |
| Zoning | RM1 |
| Total Units | 3 |
| Days on Market | 135 |
| Original List Price | Unknown |
| Date Updated | January 12, 2026 |
| Date Created | September 24, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $48,000 | $0 |
Listing Provided By
Brannon John an agent of KW Empower. Lic #RS333443
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Data last updated: February 06, 2026.
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Robert Crawford
REAL ESTATE AGENT