506 W Master Street Philadelphia, PA $ 475,000
506 W Master Street
$ 475,000
Share Save

506 W Master Street

Philadelphia, PA, 19122
$ 475,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 2,963

506 W Master Street, Philadelphia, PA 19122 - Image 1
506 W Master Street, Philadelphia, PA 19122 - Image 2
506 W Master Street, Philadelphia, PA 19122 - Image 3
506 W Master Street, Philadelphia, PA 19122 - Image 4
506 W Master Street, Philadelphia, PA 19122 - Image 5
506 W Master Street, Philadelphia, PA 19122 - Image 6
506 W Master Street, Philadelphia, PA 19122 - Image 7
506 W Master Street, Philadelphia, PA 19122 - Image 8
506 W Master Street, Philadelphia, PA 19122 - Image 9
506 W Master Street, Philadelphia, PA 19122 - Image 10
506 W Master Street, Philadelphia, PA 19122 - Image 11
506 W Master Street, Philadelphia, PA 19122 - Image 12
506 W Master Street, Philadelphia, PA 19122 - Image 13
506 W Master Street, Philadelphia, PA 19122 - Image 14
506 W Master Street, Philadelphia, PA 19122 - Image 15
506 W Master Street, Philadelphia, PA 19122 - Image 16
506 W Master Street, Philadelphia, PA 19122 - Image 17
506 W Master Street, Philadelphia, PA 19122 - Image 18

Multi-Family Home for sale in Philadelphia, PA

for $475,000 with 4 bedrooms. This home was built in 2015 on a lot size of 0.02.

Welcome to 506 Master Street, a modern duplex in the Ludlow section of Kensington, directly across from Cruz Playground and just a short walk to the shops and restaurants along Girard Avenue. Built in 2015, this turnkey property offers a perfect opportunity for an owner-occupant to offset their mortgage with rental income while enjoying the benefits of a booming neighborhood with significant nearby development. The lower unit (905 sq ft) features 2 bedrooms, 1 full bath, and a private rear yard perfect for outdoor entertaining or gardening. The upper unit (1,050 sq ft) also offers 2 bedrooms and 1 full bath, with large windows flooding the space with natural light. Both units feature hardwood floors, spacious layouts, separate laundry, and updated finishes that make moving in or leasing seamless. Additional highlights include: solar panels on the roof for energy savings, separate utilities for each unit, delivered fully vacant for immediate rental or occupancy flexibility. Previously rented at $1,650/month for the upper unit with potential for $2,000/month+ in today's market and $1,450/month for the lower unit with potential for $1,800/month+. Whether youre looking to build wealth or expand your investment portfolio with a low-maintenance property, 506 Master Street offers the ideal blend of location, modern construction, and long-term upside in a rapidly developing area. Dont miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.

See more

Multi-Family Active

Price

$ 475,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 1,080

Style

Traditional

Lot Size

0.02

Year Built

2015

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2514750

Features
General
Living Area 1955
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession Settlement
Zoning RSA5
Architectural Style Traditional
Construction Materials Brick Metal Siding
School District PHILADELPHIA CITY
Year Built 2015
Property Subtype Duplex
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Subdivision Name KENSINGTON
Garage Y/N N
Water Access Y/N N
Green Energy Generation PV Solar Array(s) Leased
Other Structures Above Grade Below Grade
Status ACTIVE
Directions On Master between Randolph and 5th
City PHILADELPHIA
Disclosures Agent has Financial Interest Agent Related to Owner
Number Of Units Total 2
MLS Area 19122 (19122)
Lot Size Units Square Feet
Lot Size Square Feet 918.00
Tax Annual Amount 1080.0
Two Bedroom 2
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 242.97
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
See more
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
See more
Exterior
Pool No Pool
Water Source Public
Inclusions All appliances in as-is condition
Type of Parking On Street
Foundation Details Concrete Perimeter
Water View Y/N N
Lot Dimensions 16.00 x 59.00
Lot Size Acres 0.02
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 77200.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
Internal Only
Street Number 1 506
See more
* Excluded Features
List By
Kurfiss Sotheby's International Realty

Broker

ltoconita@kurfiss.com

Email

Affordability Calculator

$3,053
Per Month
97%
3%
0%
Monthly Principal & Interest
$2,963
Monthly Property Taxes
$90
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/19/2025$475,000 -4.04% Price Down
10/15/2025$495,000 -5.71% Price Down
9/26/2025$525,000 -4.37% Price Down
9/5/2025$549,000 -4.52% Price Down
7/10/2025$575,000 Listed Price

Map


See all

506 W Master Street, Philadelphia, PA, 19122 is a Multi-Family Home for sale at $475,000 with a lot size of 0.02. 506 W Master Street has 4 bedrooms, 0.0 baths, and was built in 2015. The property's zip code is 19122 which is in Philadelphia, PA