1215 S 23RD Street, Philadelphia, PA 19146
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
- Added:
- Apr 25, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 15 at 1:06 pm
Property Features for 1215 S 23RD Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Ceiling Fan(s), Recessed Lighting, 2nd Kitchen, Bathroom - Stall Shower, Bathroom - Tub Shower, Bathroom - Walk-In Shower
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3422
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 2
- Building materials
- Masonry, Brick
- Architectural style
- Contemporary
Listing agent Joe Hill License #RS344689 (215) 436-4768
Listing office Homestarr Realty 850 Easton Road, Warminster, PA (215) 355-5565
Listing date Apr 25, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing duplex in a rapidly appreciating Philadelphia location (Graduate Hospital/Point Breeze).
- Upper residence (3‑bed, 3‑bath) is a successful short‑term rental with documented income and strong reviews. Existing bookings are in place.
- Approximately 7 years remaining on a Philadelphia 10‑Year Tax Abatement, providing significant tax savings.
- Two independent residences with separate entrances, offering flexibility.
- Generous layouts (approximately 1,500 sq ft per unit), larger than comparable multifamily properties.
- Lower residence (2‑bed, 2‑bath) with private backyard.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $25.80 |
| − Vacancy | −$4.3k | −$1.42 |
| EGI | $73.1k | $24.38 |
| − OpEx | −$21.9k | −$7.31 |
| NOI | $51.2k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1817703
- Latitude
- 39.9375
