5501 Lansdowne Avenue Philadelphia, PA $ 399,900
5501 Lansdowne Avenue
$ 399,900
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5501 Lansdowne Avenue

Philadelphia, PA, 19131
$ 399,900
Bedrooms-- Baths-- Sq 4,191

Monthly Estimate*

$ 2,495

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Commercial Property for sale in Philadelphia, PA

for $399,900. This 4,191 square foot building was built in 1915 on a lot size of 0.05.

Step into a bustling corner property in West Philadelphiastrategically 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% completeonly 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 apartmentvacant 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 endlesstransform 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 buildings 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, youre 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 youre 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. Dont miss outsubmit your highest and best offer by 12/17/2025! All offers will be presented.

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Commercial Active

Price

$ 399,900

Property Type

Commercial

Taxes

$ 3,064

Style

Apartment Building,Hair Salon and Spa

Lot Size

0.05

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2537582

Features
Interior
Heating Fuel Natural Gas Electric
Flooring Laminated
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N N
Total Restrooms 6
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General
Sewer Public Sewer
Heating Hot Water Radiator Baseboard - Electric
Cooling None
Possession 0-30 Days CD
Roof Flat
Zoning CMX2
Construction Materials Masonry
Exclusions Tenant's personal property
Year Built 1915
Property Subtype Five Or More Units
Tax Year 2024
Ownership Fee Simple
Cool Fuel None
Municipality PHILADELPHIA
Business Type Apartment Building Hair Salon and Spa
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name WEST PHILADELPHIA
Possible Use Barber/Beauty Bed & Breakfast Apartments Apartment Building Day Care Convenience Store Flex Space Investment Mixed Use Multi-Family Office Residential Professional Service Retail School
Water Access Y/N N
Status ACTIVE
Directions Lansdowne Ave to 55th Street
City PHILADELPHIA
Number Of Units Total 5
MLS Area 19131 (19131)
Lot Size Units Square Feet
Lot Size Square Feet 2086.00
Tax Annual Amount 3064.0
Property Condition Very Good Major Rehab Needed
Price Per Sq Ft Total AG 95.42
Acceptable Financing Cash Conventional Private
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 46
Association Recreation Fee N
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Exterior
Lot Features Corner
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 4191.00
Lot Dimensions 20.00 x 101.00
Lot Size Acres 0.05
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 41900.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 5501
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* Excluded Features
List By
Perfect Place Real Estate Co.

Broker

perfectplacere@gmail.com

Email

Affordability Calculator

$2,750
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,495
Monthly Property Taxes
$255
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/10/2025$399,900 -6.98% Price Down
11/5/2025$429,900 -10.42% Price Down
9/16/2025$479,900 Listed Price

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5501 Lansdowne Avenue, Philadelphia, PA, 19131 is a Commercial Property for sale at $399,900 with 4,191 sqft and a lot size of 0.05. 5501 Lansdowne Avenue was built in 1915. The property's zip code is 19131 which is in Philadelphia, PA