5337 Wayne Ave
Listing Notes
Get ready for the ultimate house hack! Welcome to this large LEGAL triplex in dynamic and historic Germantown. This multi-family twin spans over 3200 square feet, has high ceilings throughout, great sunlight, and loads of room for your TLC and finishing touch. Super large bedrooms make these units attractive to tenants, offering ample space for rental income generation. With a bi-level architectural style and a combination of hardwood and luxury vinyl plank flooring, the property is positioned to attract a diverse range of tenants. The unfinished basement with walkout stairs provides additional potential for expansion or conversion into additional living space, enhancing rental value. The property features three 2 Bedroom, 1 Bath units, on each floor. Each unit also boasts fireplaces, which can be restored for function or repurposed to add character and appeal. Lot features include a manageable 0.06-acre size with a rear yard and side yards, allowing for outdoor amenities or tenant enjoyment. On-street parking is available, increasing accessibility for residents. This property offers a solid foundation for upgrades that can significantly increase market value. Investors will appreciate the potential for cash flow through rental income, as well as the opportunity to enhance property value through strategic improvements. Right up the street from Germantown Friends and Greene Street Friends, you also have Weavers Way Co-Op and coffee shops within walking distance. Convenient to public transportation and major roadways, this is a location that cannot be beat. Don't miss the chance to either start your real estate portfolio or add this promising asset to your existing one.
Price in context
Cheaper than 46% of the 24 homes listed nearby right now, which run $190,000 to $440,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 5326 Magnolia St | $190,000 | 5 bd · 2 ba |
| 278 E Queen Ln | $215,750 | 3 bd · 1.5 ba |
| 421 W School House Ln Unit 28 | $230,000 | 2 bd · 1.5 ba |
| 5010 Copley Rd | $239,000 | 3 bd · 1 ba |
| 5360 Morris St | $245,000 | 3 bd · 1.5 ba |
| 35 Ashmead Pl S | $265,000 | 3 bd · 2 ba |
| 404 W Winona St | $274,900 | 5 bd · 3 ba |
| 22 E Pastorius St | $274,900 | 3 bd · 1 ba |
| 56 W Penn St | $275,000 | 4 bd · 2 ba |
| 4558 Fernhill Rd | $275,000 | 3 bd · 1 ba |
| 364 E Church Ln | $275,000 | 5 bd · 2.5 ba |
| 463 W Earlham Ter | $279,999 | 3 bd · 1.5 ba |
| 5334 Lena St | $295,000 | 3 bd · 2.5 ba |
| 5331 Wayne Ave | $325,000 | — |
| 5223 Morris St | $325,000 | — |
| 407 W Abbottsford Ave | $329,999 | 4 bd · 2.5 ba |
| 540 E Penn St | $330,000 | 7 bd · 4 ba |
| 517 W Midvale Ave | $349,000 | 4 bd · 1.5 ba |
| 5110 Greene St | $379,900 | 4 bd · 1.5 ba |
| 127 W Washington Ln | $394,700 | 6 bd · 2.5 ba |
| 6235 Mc Callum Street McCallum St | $399,000 | 4 bd · 2 ba |
| 5009 Copley Rd | $399,900 | 4 bd · 3 ba |
| 5351 Wissahickon Ave Unit E | $400,000 | 3 bd · 2.5 ba |
| 309 W Earlham Ter | $440,000 | 5 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more