2203 Ellsworth St

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.

Price Change History for 2203 Ellsworth St, PHILADELPHIA, PA (MLS® #PAPH2481876)