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5015 Mckean Ave
For Sale $1,600,000
$1,600,000
- 7 Units
- Unknown Sq Ft
- 21,780 Sq Ft
- Unknown Cap Rate
Description
The property at 5015 McKean Avenue presents a rare opportunity to acquire a partially renovated multifamily building with both near-term lease-up potential and long-term redevelopment upside. The main structure contains seven residential units that are nearing completion, while a two-story carriage house at the rear of the property offers the opportunity to add up to four new units or create one large additional dwelling.
With most major capital projects already completed, this asset is ideally positioned for an investor or developer looking to complete the final phase of work, stabilize operations, and unlock significant long-term value in one of Philadelphia’s most historic and rapidly developing submarkets.
Over the past 18 months, ownership has completed extensive renovations totaling roughly 85% of the total project scope, with all major systems replaced and the bulk of interior finish work complete. The remaining work primarily involves final trim, finish detailing, and exterior punch-list items before lease-up.
Once completed, each unit will feature modern kitchens, new flooring, renovated bathrooms, and updated mechanical systems, offering long-term durability and reduced operating costs.
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 | $1,600,000 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 1970 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 133147300 |
| MLS # | PAPH2547702 |
| Property ID | 322259639 |
| Lot Sqft | 21,780 |
| Zoning | RSA3 |
| Total Units | 7 |
| Days on Market | 65 |
| Original List Price | Unknown |
| Date Updated | December 03, 2025 |
| Date Created | October 12, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Beau McGettigan an agent of KW Commercial. Lic #RS329721
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Data last updated: December 16, 2025.
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Robert Crawford
REAL ESTATE AGENT