2203 ELLSWORTH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19146
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,760 sqft
Price per Sqft $255
MLS Listing ID PAPH2481876
Style Traditional
Year Built 1923
Available Date 2025-05-16
Annual Tax Amount $4,144
Tax Year 2025
Lot Size 1,120 Sqft
Property Sub-Type Interior Row/Townhouse
Property Description
Turnkey Duplex Investment in Northern Tip of Point Breeze — $31,000 Annual Income | 5.5% Cap Rate | Prime Location
Welcome to 2203 Ellsworth Street, a fully occupied duplex in the thriving neighborhood of Point Breeze. This is an opportunity to own a hands-off, cash-flowing investment with responsible tenants from day one.
The building features two spacious residential units with functional layouts, each offering bright natural light, modern finishes, and an efficient use of space. With a total annual rental income of $31,000 and estimated yearly expenses of only $6,000, which includes taxes and water, this asset delivers a strong cap rate of 5.5% at acquisition—a fantastic entry point for both seasoned investors and those building their portfolios.
The property is on a wide, quiet street two blocks from the recently residentially rezoned Washington Avenue and the Graduate Hospital corridor. Residents enjoy close access to neighborhood hotspots like On Point Bistro, Dock Street Brewery, and Sidecar Bar & Grille, along with a rapidly growing network of cafes, markets, and green spaces. Breezy's Deli and Market, CVS, and ALDI have recently entered the neighborhood between 23rd and 21st Streets on Washington Avenue. New construction and rehab activity throughout the area signal continued upward momentum for property values and rental demand.
With increasing development in the immediate vicinity and easy access to Center City, CHOP, and University City via walking, public transit, or bike, 2203 Ellsworth stands poised for long-term appreciation.
This is more than just a solid rental — it's a stake in one of Philadelphia's most dynamic and promising neighborhoods.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RM1
Interior
Hot Water Natural Gas,Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Equipment Dishwasher,Dryer,Oven/Range - Gas,Oven/Range - Electric,Refrigerator,Washer,Water Heater
Exterior
Water Access N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Special Listing Condition Standard