1. Pennsylvania
2. Philadelphia
3. 2203 ELLSWORTH STREET

2203 ELLSWORTH STREET, Philadelphia, PA 19146

• 1,760 sqft

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.

Listing Status:

Active

Date Added:

May 16, 2025 at 05:00AM

Listing Office:

BHHS Fox & Roach The Harper at Rittenhouse Square : 2155460550

Listing Agent:

Julian Domanico : 7349681358

MLS ID:

PAPH2481876

Interior

• General: 2nd KitchenCeiling Fan(s)Dining AreaFamily Room Off KitchenFormal/Separate Dining Room
• Appliances: DishwasherDryerOven/Range - GasOven/Range - ElectricRefrigeratorWasherWater Heater
• Basement: Unfinished
• A/C: Window Unit(s)
• Heating: YBaseboard - ElectricElectric
• Disability Feature: 2+ Access Exits

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Julian Domanico, BHHS Fox & Roach The Harper at Rittenhouse Square