2203 Ellsworth Street

PHILADELPHIA, PA 19146

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 1120
    Sqft(Lot)
$450,000

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.

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    Traditional

  • AD ID

    49692674

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • 2nd Kitchen,Ceiling Fan(s),Dining Area,Family Room Off Kitchen,Formal/Separate Dining Room
    • Exterior Property Features : Sidewalks
    • Basement Description: Unfinished
    • Property Appliances: Dishwasher,Dryer,Oven/Range - Gas,Oven/Range - Electric,Refrigerator,Washer,Water Heater

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Baseboard - Electric
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Exterior Features: Sidewalks
    • Year Built: 1923
    • Structure: Interior Row/Townhouse
    • Major Appliances: Dishwasher,Dryer,Oven/Range - Gas,Oven/Range - Electric,Refrigerator,Washer,Water Heater
    • New Construction: No
    • Total Units: 2
    • Built: 1923
    • Construction Material: Masonry
    • Foundation/Basement: Concrete Perimeter
    • Architecture: Traditional
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas,Electric

  • Lot Information

    • Lot Size: 1,120
    • Dimensions: 16.00 x 70.00
    • Lot Size (Acres): 0.03
    • Architectural Style: Traditional
    • Stories Total: 2
    • Main Square Feet: 1,120

    Property Information

    • SQ ft: 1,760
    • SQ ft (Living Area): 1,760
    • Total Lot SQ ft: 1,120
    • Appx. Lot Dimensions: 16.00 x 70.00
    • Total Acreage: 0.03
    • New Construction: No
    • Type: Traditional

  • Listing Information

    • Possession: Immediate,Negotiable
    • Days Of Market: 0

  • Tax Information

    • Annual Tax: $4,144
    • Tax Year: 2025
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate,Negotiable

    Assessment Information

    • Taxes Assessment Amount: $296,100

  • Parking Information

    • Parking Type: On Street

    Homeowners Association Information

    • Direction: Between 22nd St and 23rd St on Ellsworth.

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Natural Gas,Electric

    Location Information

    • Direction: Between 22nd St and 23rd St on Ellsworth.
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BuyOwner last updated this listing 05/13/2025 @ 19:25

  • MLS: PAPH2481876
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 1,120 sized lot, and 0 parking. are nearby neighborhoods.