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Asking Price - $599,000
Days on Market - 186
5000 Florence Avenue
Squirrel Hill
Philadelphia, PA 19143
Featured Agent
EveryHome Agent
Asking Price
$599,000
Days on Market
186
Bedrooms
5
Full Baths
3
Acres
0.05
Interior SqFt
2,550
Age
101
Heating
Natural Gas
Cooling
N/A
Water
Public
Sewer
Public
Garages
2
Taxes (2025)
5,916
Additional Details Below
EveryHome Agent
Views: 65
Featured Agent
EveryHome Realtor
Description
Currently a Triplex with RM-1 Zoning allowing you to change it back into your dream home single family or add an additional 2 units as multi-family. 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 below mark rate, 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.
Location
Driving Directions
Corner of Florence Ave and 50th Street
Listing Details
Summary
Architectural Type
•Traditional
Garage(s)
•Additional Storage Area
Exterior Features
Exterior Features
•Masonry
Utilities
Heating
•Baseboard - Hot Water, Natural Gas
Property History
Jan 12, 2026
Price Decrease
$644,000 to $599,000 (-6.99%)
Dec 1, 2025
Price Decrease
$649,000 to $644,000 (-0.77%)
Nov 10, 2025
Price Decrease
$654,000 to $649,000 (-0.76%)
Oct 27, 2025
Price Decrease
$659,000 to $654,000 (-0.76%)
Miscellaneous
Lattitude : 39.946260
Longitude : -75.221580
MLS# : PAPH2541744
Views : 65
Listing Courtesy: Brannon John of KW Empower
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Notes
Page: © 2026 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Pennsylvania Real Estate Commission - License RB066839
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
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