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About This Home

This 0-bedroom, 0-bathroom residential multi family at 1215 S 23RD Street in Philadelphia, PA is listed for $949,000 ($316 per sqft). Built in 1915, the home offers 3,000 sqft of living space on a 0.02 acres lot.

Agent Description

Positioned in the rapidly appreciating Graduate Hospital / Point Breeze corridor of Philadelphia, this fully operational, income-producing duplex offers a rare opportunity to acquire a proven, turnkey asset with immediate cash flow and long-term tax advantages.

Designed for both flexibility and performance, the property features two completely independent residences with separate entrances, allowing each unit to function as its own private home. Each level spans approximately 1,500 square feet, delivering generous layouts rarely found in comparable multifamily properties.

The upper residence offers a 3-bedroom, 3-bath configuration, complete with a private deck and can be delivered fully furnished. Currently operating as a successful short-term rental, this unit boasts documented income, strong guest reviews, and consistent occupancy, with future bookings already in place, allowing the next owner to step directly into an established revenue stream.

The lower residence features a well-appointed 2-bedroom, 2-bath layout with access to a private backyard, ideal for owner-occupancy, long-term rental, or additional short- or mid-term income generation. What sets this property apart is not just its design, but its performance and financial efficiency.

With approximately 7 years remaining on the Philadelphia 10-Year Tax Abatement, ownership benefits from significant ongoing tax savings, enhancing overall returns. Whether you are an investor seeking a plug-and-play short-term rental asset, or a buyer looking to live in one unit while generating income from the other, this property delivers unmatched versatility.

With proven income history, forward bookings, and operational systems already in place, this is not a concept, it is a business already in motion. A rare opportunity to acquire a performing asset with built-in income, tax advantages, and long-term upside in one of Philadelphia's most dynamic neighborhoods. Schedule your private showing today!

Key Features

  • Built in 1915
  • 0.02 acre lot

Property Details

1915

Amenities

A/C

Monthly Cost Estimate

$5,075/mo

20% down · 6.5% · 30 years

Principal$686
Interest$4,112
Insurance$277

Estimates only. Actual payments may vary.

Location

1215 S 23RD Street

Philadelphia, PA 19146

POINT BREEZE

Features & Amenities

Interior Features

Ceiling Fan(s)Recessed Lighting2nd KitchenBathroom - Stall ShowerBathroom - Tub ShowerBathroom - Walk-In Shower

Property Details

Construction

Masonry Brick

Parking

On Street

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1215 S 23RD Street is listed at $949,000 ($316/sqft). The estimated monthly payment is $4,112 based on 20% down at 6.5% interest.

Key features include: Built in 1915, 0.02 acre lot. Interior Features: Ceiling Fan(s), Recessed Lighting, 2nd Kitchen.

This property is listed by Joe Hill and can be reached at 2154364768 or joehill@homestarrinc.com.

JH

Joe Hill

Agent at Homestarr Realty

(215) 436-4768

Listed by Homestarr Realty · View on Broker Site

MLS# PAPH2612632· Source: listhub· Updated 37 days ago

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1215 S 23RD Street, Philadelphia, PA 19146

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