Occupied Duplex with Separate
2203 ELLSWORTH STREET Philadelphia, PA 19146
For Sale
$390,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,700 SF
Price / SF$229.41
Days on Market16
Property Features for 2203 ELLSWORTH STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 1,700 SF
Building Details
- Year built
- 1923
Listing Agency:
BHHS Fox & Roach At the Harper Rittenhouse Square
(215) 546-0550
Listed By:
Julian Domanico
(734) 968-1358
Added: Jul 8
Changed: Jul 23
Last Checked: Jul 23 at 11:06PM
MLS# PAPH2645826
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied duplex offers immediate cash flow and a value-add opportunity. The property includes a 1-bedroom, 1-bath unit on the first floor and a 2-bedroom, 1-bath unit on the second floor. Both units have in-unit laundry and separate utility meters, providing distinct service arrangements. A rear patio is exclusively for the first-floor unit, offering dedicated outdoor space.
The building is located on a quiet block in Point Breeze, with convenient access to Center City, University City, and I-76. It is also near Washington Avenue’s commercial corridor.
The current rent levels are stated as below market, and the 1-bedroom tenant is scheduled to move out in August 2026. The 2-bedroom unit is on a month-to-month lease. Showings are available by appointment only.
The building is located on a quiet block in Point Breeze, with convenient access to Center City, University City, and I-76. It is also near Washington Avenue’s commercial corridor.
The current rent levels are stated as below market, and the 1-bedroom tenant is scheduled to move out in August 2026. The 2-bedroom unit is on a month-to-month lease. Showings are available by appointment only.
Key Highlights
- Fully occupied 2‑unit duplex built in 1923
- 1st‑floor unit: 1 bed / 1 bath rented for $1,250/month with in‑unit laundry and separate utility meter
- 2nd‑floor unit: 2 bed / 1 bath rented for $1,350/month with in‑unit laundry and separate utility meter; lease is month‑to‑month
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 | $43.9k | $25.80 |
| − Vacancy | −$2.4k | −$1.42 |
| EGI | $41.4k | $24.38 |
| − OpEx | −$12.4k | −$7.31 |
| NOI | $29.0k | $17.06 |
1,700 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.4K
$362.6K – $483.5K
NOI $29,010 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$382.0K
$334.3K – $445.7K
NOI $26,740 @ 7.0% cap · market cap 6.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex with two units, separate utility meters, and in-unit laundry.
Where is this duplex located?
The property is located at 2203 ELLSWORTH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Fully occupied 2‑unit duplex built in 1923; 1st‑floor unit: 1 bed / 1 bath rented for $1,250/month with in‑unit laundry and separate utility meter; 2nd‑floor unit: 2 bed / 1 bath rented for $1,350/month with in‑unit laundry and separate utility meter; lease is month‑to‑month
