$ 450,000
-
$450,000
Price -
3
Bed -
0
Bath -
1,620
SqFt
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About the Listing KURFPHIL - 3162028
Opportunity knocks in the heart of Olde Kensington! This legally zoned duplex offers a rare combination of immediate owner-occupancy potential, stable rental income, and an **assumable FHA loan** with an approximate balance of $328,000 at an exceptional 3.5% interest rate. Unit 1 is a spacious bi-level one-bedroom, one-bath unit featuring a renovated kitchen with dishwasher, central air, in-unit washer and dryer, laminate flooring, basement access, and a large private patio perfect for entertaining or relaxing outdoors. This unit is currently vacant, making it ideal for an owner-occupant or an investor seeking to maximize rental income. Unit 2 is a bi-level two-bedroom, one-and-a-half-bath unit with a full kitchen, central air, in-unit washer and dryer, laminate flooring throughout, and a private deck. The unit is currently leased through June 29, 2027, at $1,735 per month to long-term tenants, providing immediate and reliable cash flow. Located in one of Philadelphia's fastest-growing neighborhoods, Olde Kensington offers easy access to the Fishtown, Northern Liberties, and Center City neighborhoods. Residents enjoy a highly walkable lifestyle with neighborhood favorites including ReAnimator Coffee, Human Robot Brewery, Hancock Recreation Center, and the shops, restaurants, and nightlife along Front Street and Frankford Avenue just minutes away. The neighborhood is known for its strong sense of community, excellent transit access, and continued growth and investment. Whether you're looking to house hack, expand your investment portfolio, or take advantage of the attractive assumable financing, this versatile duplex presents a compelling opportunity in a thriving Philadelphia location.
Listing Highlights
Status
Active
Days on Site
16
Property Type
Multi-Family
MLS ®
PAPH2630318
Year Built
1915
Total Square Footage
1,620
Lot/Acreage
0.02
County
Philadelphia
Neighborhood
Olde Kensington
Area
19122 (19122)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 3
- Bathrooms: 0 Full
- Appliances: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
- Air Cond: Ductless/Mini-Split
- Heating: Baseboard - Electric
- Fireplaces:
- Floor: Laminate Plank
- Above Ground Sq Ft: 1620
- Below Ground Sq Ft: 0
- Basement: Full
- Other: Bathroom - Tub Shower,Combination Dining/Living,Combination Kitchen/Dining
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 18.00 x 47.00
- Zoning: RSA5
- Roof: Flat
- Others: Very Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,193
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1613 N Philip St Philadelphia, PA 19122
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