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Listed by Lindsey Toconita • Kurfiss Sotheby's International Realty

$575,000

Est. payment - /mo

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1,955 SqFt

New

506 W MASTER ST Philadelphia, PA 19122

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Michael Lebron

michael.lebron@exprealty.com +1(484) 772-5106

UPDATED:

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

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Michael Lebron

RSRS355426

+1(484) 772-5106