Traditional
1613 N PHILIP STREET
PHILADELPHIA, PA 19122
MLS#: PAPH2630318
$450,000
Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1915
Sq.Footage
1,620
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.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
1620.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Ductless, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
On Street
-
Patio and Porch Features
Deck
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.02
-
Lot Size(square feet)
842.0
-
Property Type
Residential Income
-
Property Sub Type
Duplex
-
Architectural Style
Traditional
Price
-
Sales Price
$450,000
-
Tax Amount
$4,193
-
Sq. Footage
1, 620
-
Price/SqFt
$277
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Tax Lot
201
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Juliana Martell , Kurfiss Sotheby's International Realty
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Theresa Kehler
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