1215 S 23rd St, Philadelphia, PA 19146
Local realty services provided by:ERA Valley Realty
1215 S 23rd St,Philadelphia, PA 19146
$975,000
- 5 Beds
- - Baths
- 3,000 sq. ft.
- Multi-family
- Active
Listed by: joe hill
Office: homestarr realty
MLS#:PAPH2612632
Source:BRIGHTMLS
Price summary
- Price:$975,000
- Price per sq. ft.:$325
About this home
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!...
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Home facts
- Year built:1915
- Listing ID #:PAPH2612632
- Added:13 day(s) ago
- Updated:May 09, 2026 at 01:36 PM
Rooms and interior
- Bedrooms:5
- Flooring:Laminate Plank
- Kitchen Description:2nd Kitchen, Recessed Lighting
- Basement:Yes
- Basement Description:Fully Finished
- Living area:3,000 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Electric, Forced Air
Structure and exterior
- Roof:Flat
- Year built:1915
- Building area:3,000 sq. ft.
- Lot area:0.02 Acres
- Lot Features:Downtown
- Architectural Style:Contemporary
- Construction Materials:Brick, Masonry
- Exterior Features:Exterior Lighting, Gutter System, Patio(s), Roof, Sidewalks, Street Lights
- Foundation Description:Block
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$325
- Tax amount:$3,422 (2026)
Features and amenities
- Amenities:200+ Amp Service, Ceiling Fan(s), Recessed Lighting
Parking
- Parking description:On Street
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