506 Master St

Beds
Baths
1,955 Sq. Ft.
$243 / Sq. Ft.
1,955
Sq. Ft.
$243
per Sq. Ft.

Description

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...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.
  1. Listed by Lindsey Toconita • Kurfiss Sotheby's International Realty
    P: (610)-806-2113 ltoconita@kurfiss.com

Property Details for 506 Master Street

Tax ID Number
885177120
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Subdivision
KENSINGTON
Subdivision
KENSINGTON (PHILADELPHIA PA)
LISTING UPDATED: 03/09/2026 12:26 PM

Property Details for 506 Master Street

StatusPending
MLS #PAPH2514750
Days on Market204
Taxes$1,080 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built-
Lot Size0.02 AC / 918 SF
CountyPhiladelphia County

Location

Listing Courtesy of Kurfiss Sotheby's International Realty
Add your commute

Building Information for 506 Master Street

Stories2Residences-Year Built-Building Size-Lot Size0.02 AC / 918 SF

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$2,405 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,315

Property Taxes

$90

HOA Dues

$0

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Property Information for 506 Master Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 803408593408
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19122 (19122)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $77,200
  • Year Assessed: 2025
  • County Tax: $0
  • Improvement Assessed Value: $0
  • City Town Tax: $475
  • Land Assessed Value: $77,200
  • Clean Green Assessed: No
  • Land Use Code: RA
  • Zoning: RSA5
  • School Tax: $605
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Number Of Units Vacant: 2
Building Info
Green Info
  • Green Energy Generation: PV Solar Array(s) Leased
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 1,955.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 16.00 x 59.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 985131
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 506 Master Street

DateEvent & SourcePriceAppreciation
Jan 28, 2026

Pending

BRIGHT #PAPH2514750

Jan 28, 2026

Active Under Contract

BRIGHT #PAPH2514750

Nov 19, 2025

Price Change

BRIGHT #PAPH2514750

$475,000
Oct 15, 2025

Price Change

BRIGHT #PAPH2514750

$495,000
Sep 26, 2025

Price Change

BRIGHT #PAPH2514750

$525,000
Sep 5, 2025

Price Change

BRIGHT #PAPH2514750

$549,000
Jul 10, 2025

Listed (Active)

BRIGHT #PAPH2514750

$575,000
Oct 23, 2013

Closed (Public Record)

Public Record #371168233

$37,500

+80.6% / yr

Oct 23, 2013

Closed

BRIGHT #1004163460

$37,500
Sep 17, 2013

Pending

BRIGHT #1004163460

Nov 16, 2012

Listed (Active)

BRIGHT #1004163460

$75,000
Apr 20, 2011

Closed (Public Record)

Public Record #307122360

$8,500

+40.9% / yr

Dec 30, 2009

Expired

BRIGHT #PAPH679278

$39,900
Oct 2, 2009

Closed (Public Record)

Public Record #279024454

$5,000
Jun 26, 2007

Listed (Active)

BRIGHT #PAPH679278

$39,900
Mar 16, 2007

Withdrawn

BRIGHT #1000757671

$29,998
Dec 19, 2006

Listed (Active)

BRIGHT #1000757671

$45,000
Dec 11, 2006

Withdrawn

BRIGHT #1000571891

$49,900
Oct 17, 2006

Listed (Active)

BRIGHT #1000571891

$50,000
DateEvent & SourcePrice
01/28/2026

Pending

BRIGHT #PAPH2514750

01/28/2026

Active Under Contract

BRIGHT #PAPH2514750

11/19/2025

Price Change

BRIGHT #PAPH2514750

$475,000
10/15/2025

Price Change

BRIGHT #PAPH2514750

$495,000
09/26/2025

Price Change

BRIGHT #PAPH2514750

$525,000
09/05/2025

Price Change

BRIGHT #PAPH2514750

$549,000
07/10/2025

Listed (Active)

BRIGHT #PAPH2514750

$575,000
10/23/2013

Closed (Public Record)

Public Record #371168233

$37,500

+80.6% / yr

10/23/2013

Closed

BRIGHT #1004163460

$37,500
09/17/2013

Pending

BRIGHT #1004163460

11/16/2012

Listed (Active)

BRIGHT #1004163460

$75,000
04/20/2011

Closed (Public Record)

Public Record #307122360

$8,500

+40.9% / yr

12/30/2009

Expired

BRIGHT #PAPH679278

$39,900
10/02/2009

Closed (Public Record)

Public Record #279024454

$5,000
06/26/2007

Listed (Active)

BRIGHT #PAPH679278

$39,900
03/16/2007

Withdrawn

BRIGHT #1000757671

$29,998
12/19/2006

Listed (Active)

BRIGHT #1000757671

$45,000
12/11/2006

Withdrawn

BRIGHT #1000571891

$49,900
10/17/2006

Listed (Active)

BRIGHT #1000571891

$50,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 506 Master Street

Taxable ValueLand$77,200Additions-Total$77,200
Tax Record2025$1,081 ($90 / month)
Home Facts
Total Finished SqFt2,560 SqFtAbove Grade Finished SqFt2,560 SqFtStories4Lot Size918 SqFtStyleParking LotYear Built2014ZoningRSA5CountyPHILADELPHIAAPN18-2-0000-35

Schools near 506 Master Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ludlow James R School
PublicPK to 8

Penn Treaty Middle School
Public6 to 12

Bodine William W High School
Public9 to 12

The U School: Innovative Lab
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Kurfiss Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.