PA > Philadelphia > West Philadelphia
Philadelphia, PA 19131,5501 LANSDOWNE AVE
Philadelphia, PA 19131,5501 LANSDOWNE AVE
Philadelphia, PA 19131,5501 LANSDOWNE AVE
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$399,900
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2,086 Sqft Lot
Price Dropped by $30K

5501 LANSDOWNE AVE Philadelphia, PA 19131

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Ricardo Sayles

Ricardo Sayles

+1(703) 618-2466

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision West Philadelphia

MLS Listing ID PAPH2537582

Year Built 1915

Annual Tax Amount $3,064

Tax Year 2024

Lot Size 2,086 Sqft

Acres 0.05

Lot Dimensions 20.00 x 101.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Step into a bustling corner property in West Philadelphia—strategically upgraded and brimming with income potential. The seller is motivated and ready to make a deal; all offers will be entertained through December 17, 2025, with the goal of securing the highest and best offer. With a sprawling 4,191 square feet, this property features targeted improvements that add immediate value. The building is approximately 90% complete—only one unit requires a full rehab, giving you the chance to add your own value and vision. On the ground floor, a well-established barbershop thrives and would like to stay. With its dedicated waiting area, barber parlor, and storage space, it's a cornerstone of the community. In the back, a one-bedroom apartment has been upgraded with new windows. The second-floor front unit is currently tenant-occupied, offering flexible space that could accommodate a two- or three-bedroom configuration with its own kitchenette and full bathroom. The real showstopper is the fully renovated second-floor rear apartment—vacant and rent-ready, featuring new floors, a modern kitchen, and abundant closet space for excellent storage. This one-bedroom unit is ready to generate steady income right away. The third floor presents an exciting opportunity: currently a shell space that needs a full rehab. The possibilities are endless—transform it into a spacious three-bedroom apartment, divide it into two studios, or creatively configure three separate units. Bring your creativity and resources to maximize income from this flexible space. The building's fire alarm system has been certified, and the electrical system has been updated. Separate utilities for each unit keep things simple, and the extra-large basement with outside access hints at even more possibilities (verification recommended). With strategic upgrades already completed and established tenants in place, you're purchasing a property with immediate cash flow and strong upside potential. The convenient location is near transportation, schools, and shopping. Are you a visionary investor or savvy entrepreneur? If you're ready to turn potential into profit, schedule your showing today (with at least 24 hours' notice). This income-producing West Philadelphia property awaits your final transformation. Don't miss out—submit your highest and best offer by 12/17/2025! All offers will be presented.

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Hot Water, Radiator, Baseboard - Electric

Cooling None

Flooring Laminated

Heat Source Natural Gas, Electric

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871053100

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

Bright MLS (BMLS)

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Ricardo Sayles

Ricardo Sayles

Agent | License ID: 0225236643

+1(703) 618-2466

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5501 LANSDOWNE AVE