Located in Philadelphia's rapidly evolving Belmont neighborhood, this fully renovated duplex presents an excellent turnkey investment opportunity in one of West Philadelphia's most promising growth corridors. Just minutes from Drexel University's ongoing westward expansion, major institutional investment, and continued residential and mixed-use development, the area has seen increasing demand from… Read More renters seeking proximity to University City, Center City, and Fairmount Park. Renovated only a few years ago, the property is in excellent condition and features modern finishes throughout, including stainless steel appliances, hardwood-style flooring, tiled backsplashes, contemporary fixtures, and in-unit laundry in both apartments. The building is currently fully occupied, with Unit 1 offering a 2-bedroom, 2-bathroom layout rented at $1,635 per month and Unit 2 a spacious 3-bedroom, 3-bathroom unit rented at $1,910 per month, for a total of $43,500 in annual income. The property also benefits from a tax abatement with approximately four years remaining, enhancing cash flow. One or both units include subsidized (PHA) rental income, providing added stability and consistency for investors. With continued neighborhood revitalization, institutional growth tied to Drexel and University City, strong transit accessibility, and rising rental demand, Belmont is increasingly recognized as an emerging investment hotspot, positioning this duplex as both a solid income-producing asset and a long-term appreciation play. Read Less
Courtesy of ERIC Andrew Dvotsky, BHHS Fox & Roach-Center City Walnut, 215-627-6005
Listing Snapshot
Days Online
635
Last Updated
Property Type
Duplex
Square Ft.
1,772
Lot Size
0.04 Acres
Year Built
1915
MLS Number
PAPH2467142
Additional Details
Building
Built in 1915, Built in 2019 (effective), Living area: 1772, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Foundation
Slab
Heating
90% Forced Air
Income
Gross Income: $43,500, Net Operating Income: $32,533
Lot
0.04 acres, Dimensions: 28.00 x 58.00
Property
Other structures: Above Grade, Below Grade
Sewer
Public Sewer
Taxes
Annual Amount: $5,902, Year: 2025, Zoning: CMX2
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.