5214 Wayne Ave, Philadelphia, PA 19144

Property Description

5214 Wayne Avenue | Philadelphia, PA 19144 Legal 5-Unit Multifamily | West Germantown | Priced to Sell | 1031 Exchange Opportunity Exceptional investment opportunity in one of Northwest Philadelphia’s most active growth corridors! 5214 Wayne Avenue is a fully leased, low-maintenance legal 5-unit multifamily property offering both immediate income and long-term development upside. Sitting on nearly 22,000 sq ft of land with a 5,100 sq ft building footprint, the property utilizes less than 25% of its lot—ideal for expansion, additional units, or creative value-add projects. Current monthly gross income $4,658 (average $856 per unit) leaves room to raise rents or reconfigure layouts to meet demand. Located just off Chelten & Wayne Avenues near the growing Mt. Airy and East Falls borders, residents enjoy walkable access to transit, shops, cafés, and Wissahickon Valley Park. Minutes to Wayne Junction Station and major routes. Highlights: Owner Retiring – Priced to Sell 1031 Exchange Ready – Immediate Tax Savings Fully Leased, Well Maintained for 20+ Year 2025 Lead Safety Certification for all unit No L & I Violations Massive 22,000 SF Lot / Development Potential High-Demand West Germantown Location Turnkey cash flow today, with significant upside for the next investor or developer.