Description
5214 Wayne Avenue | Philadelphia, PA 19144Legal 5-Unit Multifamily | West Germantown | Priced to Sell | 1031 Exchange OpportunityExceptional 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 Sell1031 Exchange Ready – Immediate Tax SavingsFully Leased, Well Maintained for 20+ Year2025 Lead Safety Certification for all unit No L & I ViolationsMassive 22,000 SF Lot / Development PotentialHigh-Demand West Germantown LocationTurnkey cash flow today, with significant upside for the next investor or developer.
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Description
5214 Wayne Avenue | Philadelphia, PA 19144Legal 5-Unit Multifamily | West Germantown | Priced to Sell | 1031 Exchange OpportunityExceptional 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 Sell1031 Exchange Ready – Immediate Tax SavingsFully Leased, Well Maintained for 20+ Year2025 Lead Safety Certification for all unit No L & I ViolationsMassive 22,000 SF Lot / Development PotentialHigh-Demand West Germantown LocationTurnkey cash flow today, with significant upside for the next investor or developer.
©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jon Freedman with The Val Nunnenkamp Team | Keller Williams Marlton. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2026-02-08T20:51:40.803.