$ 975,000
-
$975,000
Price -
5
Bed -
5
Bath -
3,000
SqFt
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About the Listing HOMSTAR - 3304450
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!
Listing Highlights
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
PAPH2612632
Year Built
1915
Total Square Footage
3,000
Lot/Acreage
0.02
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Laminate Plank
- Above Ground Sq Ft: 2250
- Below Ground Sq Ft: 750
- Basement: Fully Finished
- Other: Ceiling Fan(s),Recessed Lighting,2nd Kitchen,Bathroom - Stall Shower,Bathroom - Tub Shower,Bathroom - Walk-In Shower
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: RSA5
- Roof: Flat
- Others: Exterior Lighting,Sidewalks,Street Lights,Gutter System,Roof Deck,Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $3,422
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
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1215 S 23rd St Philadelphia, PA 19146
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