506 W Master St, PHILADELPHIA, PA

$495,000

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1,955

Square feet

0.02

Acres

About 506 W Master St

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 you’re 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. Don’t miss your chance to own a move-in-ready duplex across from a beautiful park in the heart of Kensington.

Features of 506 W Master St

MLS® # PAPH2514750
Price $495,000
Bathrooms 0.00
Square Footage 1,955
Acres 0.02
Year Built 2015
Type Multi-Family
Sub-Type Interior Row/Townhouse, Duplex
Style Traditional
Status Active

Community Information

Address 506 W Master St
Area 19122
Subdivision KENSINGTON
City PHILADELPHIA
County PHILADELPHIA-PA
State PA
Municipality PHILADELPHIA
Zip Code 19122

Amenities

Is Waterfront No

Interior

Heating 90% Forced Air
Cooling Central A/C
Has Basement No
Fireplace No

Exterior

Exterior Brick and Siding, Metal
Foundation Concrete Perimeter

School Information

District PHILADELPHIA CITY

Additional Information

Date Listed July 10th, 2025
Days on Market 105
Zoning RSA5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKurfiss Sotheby's International Realty
Contact Info2152989415

Listing Map

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