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Listed by Joe Hill • Homestarr Realty

$899,000

Est. payment - /mo

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3,000 SqFt

Price Dropped by $50K

1215 S 23RD ST Philadelphia, PA 19146

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Lee Wilson

lee@wilsongateproperties.com +1(240) 206-1283

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Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $299

Subdivision Point Breeze

MLS Listing ID PAPH2612632

Style Contemporary

Abv Grd Liv Area 2,250

Year Built 1915

Annual Tax Amount $3,422

Tax Year 2026

Lot Size 871 Sqft

Acres 0.02

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property 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!

Location

State PA

County Philadelphia

Area 19146 (19146)

Zoning RSA5

Rooms

Basement Fully Finished

Interior

Interior Features Ceiling Fan(s), Recessed Lighting, 2nd Kitchen, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Laminate Plank

Inclusions All Appliances from both units, Unit A (top unit): Everything included, Unit B (bottom unit): Office Furniture, Bedroom Furniture, TV Stand. (all items are negotiable)

Heat Source Electric

Exterior

Exterior Feature Roof, Patio(s)

Water Access N

View City

Roof Type Flat

Accessibility None

Porch Roof, Patio(s)

Garage N

Building

Foundation Block

Above Ground Finished SqFt 2250

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 361333400

Ownership Fee Simple

SqFt Source 3000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard