Listing provided courtesy of RE/MAX Plus- MLS# PAPH2634846
Contact Information: [email protected] - 2154223711
Contact Information: [email protected] - 2154223711Images
Request Info5230 SCHUYLER STREETPHILADELPHIA, PA 19144
Multi-Family · 3,100 Sq. ft. | 0.05 Acres$550,000
ACTIVE
5230 SCHUYLER STREET Overview
- Time on Site:
- 15 days
- Visits:
- 0
Rare opportunity to acquire a fully occupied, turnkey 8-bed / 8-bath legal quad with long-term tenants through 2027, an active rental license, $60,636 in annual gross income, and room for value-add! Located right near the Queen Lane train station, it's under a 25-minute ride straight to Suburban Station in Center City Philadelphia. You're also right by William Penn Charter School, the Germantown Friends School field, and the Thomas Jefferson East Falls campus, with quick access to Route 1 and I-76, and (last but not least) Dunkin. This is a very strong location that attracts high-quality rental demand while still leaving plenty of room for appreciation in the years to come. The property has an excellent setup of 8 beds and 8 full baths, which makes it easy to lease. The basement is a 2-bed / 2-bath with luxury renovations, stainless steel appliances, a bar area, two fireplaces, beautiful bathrooms, and a washer and dryer. Unit 1 is a large, updated 3-bed / 3-bath with backyard access and washer/dryer. Unit 2F is a spacious 1 bed / 1 bath with a gorgeous kitchen and dining area and a stone accent wall, and Unit 2R is a cozy 2 bed / 2 bath, also with backyard access. Both second-floor units do not have washer/dryer. Current tenants have been in place since 2023/2024, and they're respectful, caring, and would like to stay. In Philadelphia, great tenants are paramount, and this property has them. Tenants have separate electric meters. The owner pays gas heating ($2,160/yr) and water ($2,040/yr), and insurance of $3,500/yr. Current rents are as follows: the basement (2 bed / 2 bath) is $1,690/mo with a lease ending 06/30/2027; Unit 1 (3 bed / 3 bath) is $1,353/mo ending 09/30/2027; Unit 2F (1 bed / 1 bath) is $1045/mo ending 06/30/2027.; and Unit 2R (2 bed / 2 bath) is $965/mo ending 11/30/2026 (potentially renewing). The property currently carries a homestead exemption with taxes just under $5,000; without it, taxes would be $6,100. Using the $6,100 figure, a 5% maintenance allowance, 3% vacancy, a $500 trash fee, $200 for rental license, and $300 for snow removal and utility expenses, the total expenses come to $19,965; NOI is $40,985, for a 7.5% cap rate. On turnover, the new owner has room to add value across three units by updating kitchens, adding washers and dryers, and making other improvements to push NOI and the cap rate well past 9%. Photos of Unit 2R coming soon. Inquire about the video walkthrough. Some pictures were AI-decluttered/edited.
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5230 SCHUYLER STREET Facts & Features
- Type Multi-Family
- Sq. ft. 3,100
- Price/Sq.ft. $177
- Lot 0.05 Acres
Details
General
Income/Expenses
- Existing Lease Type: Long Term
- Insurance Expense: 3500.00
- Maintenance Expense: 3032.00
- Net Operating Income: 40985.00
- Operating Expense: 19657.00
- Operating Expense Includes: Advertising,Insurance,Trash
- Trash Expense: 500.00
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 3100
- Year Built: 1900
Location/Region
- Country: US
- County: PHILADELPHIA
- County Or Parish: PHILADELPHIA
- MLS Area Major: 19144 (19144)
- Subdivision Name: NONE AVAILABLE
Parking Information
- Total Parking Spaces: 0
- Type of Parking: None
Tax Information
- City/Town Tax: 2168.00
- City/Town Tax Payment Frequency: Annually
- School Tax: 2760.00
- Tax Annual Amount: $4,928.00
- Tax Assessed Value: 352100.00
- Tax Year: 2026
General Information
- Exclusions: Tenant's personal property
- Property Sub Type: Quadruplex
- Property Type: Multi-Family
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2026
- Zoning: RM1
Unit Information
- Other Units: Unit 1,Unit 2,Unit 4,Unit 3
Interior
Building Information
- Cooling Fuel: None
- Heating Fuel: Natural Gas
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: Interior Row/Townhouse
Building Interior
- Above Grade Finished Area: 3100
- Above Grade Finished Area Source: Estimated
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Estimated
- Below Grade Finished Area Units: Square Feet
- Central Air: No
- Hot Water: Natural Gas
General Information
- Accessibility Features: None
- Appliances: Stove, Refrigerator, Dishwasher, Washer, Dryer
- Basement: No
- Cooling: Window Unit(s)
- Flooring: Luxury Vinyl Plank
- Foundation Details: Stone
- Living Area: 3100
- Living Area Source: Estimated
- Units Furnished: None
Unit Information
- One Bedroom Units Count: 1
- Single Room Units Count: 0
- Three Bedroom Units Count: 1
- Two Bedroom Units Count: 2
Exterior
Lot Information
- Lot Size Source: Estimated
- Lot Size Square Feet: 2358.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Other
- Construction Materials: Masonry
- Patio And Porch Features: Patio(s)
General Information
- Number Of Units Leased: 4
- Number Of Units Mo Mo: 0
- Number Of Units Total: 4
- Number Of Units Vacant: 0
- Other Structures: Above Grade,Below Grade
- Sewer: Public Sewer
- Utilities: Natural Gas Available,Electric Available
- Water Access: No
Unit Information
Unit 4 Details
- Unit Type: Unit 1
- Total Rent: 1690.00
- Beds Total: 2
- Description: Luxury finishes
Unit 3 Details
- Unit Type: Unit 2
- Total Rent: 1353.00
- Beds Total: 3
- Description: 1st floor - private washer and dryer, backyard access
Unit 1 Details
- Unit Type: Unit 3
- Total Rent: 1045.00
- Beds Total: 1
- Description: Updated 1 bed/1 bath
Unit 2 Details
- Unit Type: Unit 4
- Total Rent: 965.00
- Beds Total: 2
- Description: Smallest apartment
5230 SCHUYLER STREET Neighborhood
Community
19144 (PHILADELPHIA) Demographics
34
Median Age
13,044
Population Density (per sq. mile)
41%
College Educated
$35,047
Estimated Median Income
7,042
Estimated Total Home Owners
11,532
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5230 SCHUYLER STREET Monthly Cost
5230 SCHUYLER STREET Market Data
Based on the last 30 days in this zip code
$267,285
Average List Price
$96
Average Price per Square Foot
16
Properties Sold
115
Average Days on Market
148
Properties for Sale
5230 SCHUYLER STREET History
| Date | Value | Agent |
|---|---|---|
| 6/22/2026Source: BRIGHT MLS | ACTIVE |
|
| 6/14/2026Source: BRIGHT MLS | June 14, 2026 |
|
| 12/3/2024Source: BRIGHT MLS | August 12, 2021 |
|
| 12/3/2024Source: BRIGHT MLS | January 06, 2023 |
Rhonda Baker Listing Agent |
| 12/3/2024Source: BRIGHT MLS | $995 -9.5% |
|
| 12/3/2024Source: BRIGHT MLS | August 16, 2024 |
|
| 12/3/2024Source: BRIGHT MLS | PENDING |
|
| 12/3/2024Source: BRIGHT MLS | CLOSED |