REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

Listed by ERIC Dvotsky • BHHS Fox & Roach-Center City Walnut

$415,000

Est. payment - /mo

1,772 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,772 sqft

Price per Sqft $234

Subdivision Belmont

MLS Listing ID PAPH2467142

Style Other

Abv Grd Liv Area 1,772

Year Built 1915

Annual Tax Amount $5,902

Tax Year 2025

Lot Size 1,639 Sqft

Acres 0.04

Lot Dimensions 28.00 x 58.00

Property Sub-Type Detached

Source BRIGHT

Property Description

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 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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning CMX2

Interior

Hot Water Natural Gas

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Slab

Above Ground Finished SqFt 1772

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 062002900

Ownership Fee Simple

SqFt Source 1772

Special Listing Condition Standard

Read Less Info

Nearby School & Business

Get More Information

William Mercogliano III

+1(856) 472-9836

Broker Associate License ID: 0893537

4115-17 BROWN ST Philadelphia, PA 19104

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information