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!
For sale
Price cut: $26K (5/26)
$949,000
1215 S 23rd St, Philadelphia, PA 19146
5beds
5baths
3,000sqft
Townhouse
Built in 1915
-- sqft lot
$-- Zestimate®
$316/sqft
$-- HOA
What's special
Private deckGenerous layouts
- 71 days |
- 186 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Joe Hill 215-436-4768,
Homestarr Realty 2153555565
Source: Bright MLS,MLS#: PAPH2612632
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Basement
- Area: 750
Heating
- Forced Air, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Ceiling Fan(s), Recessed Lighting, 2nd Kitchen, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Dry Wall
- Flooring: Laminate
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Roof, Patio, Roof Deck
- Exterior features: Lighting, Sidewalks, Street Lights, Rain Gutters
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 871 Square Feet
- Features: Downtown
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 361333400
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Townhouse
Materials
- Masonry, Brick
- Foundation: Block
- Roof: Flat
Condition
- Excellent
- New construction: No
- Year built: 1915
- Major remodel year: 2023
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Point Breeze
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $316/sqft
- Tax assessed value: $244,500
- Annual tax amount: $3,422
- Date on market: 4/25/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: All Appliances From Both Units, Unit A (top Unit): Everything Included, Unit B (bottom Unit): Office Furniture, Bedroom Furniture, Tv Stand. (all Items Are Negotiable)
- Exclusions: Unit B (bottom Unit): Artwork And Livingroom Furniture
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$3,667/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/26/2026 | Price change | $949,000-2.7%$316/sqft |
Source: | ||
| 4/25/2026 | Listed for sale | $975,000+51.2%$325/sqft |
Source: | ||
| 5/1/2023 | Sold | $645,000-4.4%$215/sqft |
Source: | ||
| 4/26/2023 | Listed for sale | $675,000-0.7%$225/sqft |
Source: | ||
| 3/15/2023 | Contingent | $680,000$227/sqft |
Source: | ||
| 2/14/2023 | Price change | $680,000-0.7%$227/sqft |
Source: | ||
| 1/23/2023 | Price change | $685,000-0.7%$228/sqft |
Source: | ||
| 12/19/2022 | Price change | $690,000-1.3%$230/sqft |
Source: | ||
| 11/18/2022 | Listed for sale | $699,000+185.3%$233/sqft |
Source: | ||
| 11/7/2019 | Sold | $245,000+2127.3%$82/sqft |
Source: Public Record Report a problem | ||
| 3/26/1998 | Sold | $11,000+29.4%$4/sqft |
Source: Public Record Report a problem | ||
| 9/6/1995 | Sold | $8,500$3/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,679 -4.6% | $620,000 -4.6% |
| 2024 | $9,099 +165.8% | $650,000 +165.8% |
| 2023 | $3,423 +60.5% | $244,500 |
| 2022 | $2,132 | -- |
| 2021 | $2,132 +7.6% | -- |
| 2018 | $1,982 | -- |
| 2017 | $1,982 +24.5% | -- |
| 2016 | $1,592 | -- |
| 2015 | $1,592 | -- |
| 2014 | $1,592 +4.5% | $113,700 +788.3% |
| 2012 | $1,524 | $12,800 |
| 2011 | -- | $12,800 |
| 2010 | -- | $12,800 |
| 2009 | -- | $12,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Point Breeze
Nearby schools
GreatSchools rating
- 7/10Edwin M Stanton SchoolGrades: PK-8Distance: 0.6 mi
- 3/10South Philadelphia High SchoolGrades: PK,9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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