BEDS0
BATHS
SQUARE FEET1,620
MLS#PAPH2630318
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONOLDE KENSINGTON
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
Opportunity knocks in the heart of Olde Kensington! This legally zoned duplex offers a rare combination of immediate owner-occupancy potential, stable rental income, and an **assumable FHA loan** with an approximate balance of $328,000 at an exceptional 3.5% interest rate. Unit 1 is a spacious bi-level one-bedroom, one-bath unit featuring a renovated kitchen with dishwasher, central air, in-unit washer and dryer, laminate flooring, basement access, and a large private patio perfect for entertaining or relaxing outdoors. This unit is currently vacant, making it ideal for an owner-occupant or an investor seeking to maximize rental income. Unit 2 is a bi-level two-bedroom, one-and-a-half-bath unit with a full kitchen, central air, in-unit washer and dryer, laminate flooring throughout, and a private deck. The unit is currently leased through June 29, 2027, at $1,735 per month to long-term tenants, providing immediate and reliable cash flow. Located in one of Philadelphia's fastest-growing neighborhoods, Olde Kensington offers easy access to the Fishtown, Northern Liberties, and Center City neighborhoods. Residents enjoy a highly walkable lifestyle with neighborhood favorites including ReAnimator Coffee, Human Robot Brewery, Hancock Recreation Center, and the shops, restaurants, and nightlife along Front Street and Frankford Avenue just minutes away. The neighborhood is known for its strong sense of community, excellent transit access, and continued growth and investment. Whether you're looking to house hack, expand your investment portfolio, or take advantage of the attractive assumable financing, this versatile duplex presents a compelling opportunity in a thriving Philadelphia location.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Ductless/Mini-Split
Fuel Type: Electric
Heating: Baseboard - Electric
Home Style: Traditional
Lot Size: 0.02 Acres
Roof Type: Flat
Taxes: $4,193
Year Built: 1915
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer
Days on Site: 10
Exterior: Masonry
Flooring: Laminate Plank
Interior: Bathroom - Tub Shower, Combination Dining/Living, Combination Kitchen/Dining
Lot Dimensions: 0.02 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 1
Sewer: Public Sewer
Structure Type: Interior Row/Townhouse
Two Bedroom Units: 1
Units: 2
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: Kurfiss Sotheby's International Realty
Agency Phone: 2157352225
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,482.17 per month $1,001.50 Principal & Interest $349.42 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
1613 N Philip Street | MLS# PAPH2630318
This multi-family property located at 1613 N Philip Street, Philadelphia, PA 19122 is currently listed for sale with an asking price of $450,000. N Philip Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymark.net today.