Patterson-Schwartz Real Estate2203 Ellsworth Street, Philadelphia, PA 19146-2801 $450,000
Interior Sq. Ft: 1,760
Acreage: 0.03
Age:102 years
Taxes: $4,144
Design/Type:
Interior Row/Townhouse
Description
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.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Baseboard - Electric Heating, Electric, Window Unit(s) Cooling, Electric, Hot Water - Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
On Street
Interior
2nd Kitchen, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Formal/Separate Dining Room, Unfinished Basement, Accessibility - 2+ Access Exits
Exterior
Concrete Perimeter Foundation, Masonry, Sidewalks
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (123 schools)
Public Middle (19 schools)
Public High (55 schools)
Private (87 schools)
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This report is a detailed community overview for Philadelphia (19146), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 30
- Average salary of people in this community: $65,685
Community Summary
- Population Density (ppl / mile): 22,141
- Household Size (ppl): 2.26
- Households w/ Children: 35%
Housing Inventory
- Owned: 9,168 (45.4%)
- Rented: 8,032 (39.7%)
- Vacant: 3,011 (14.9%)
- Total: 20,211
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 3.6%
- Some High School: 5.4%
- High School Graduate: 22.9%
- Some College: 10.8%
- Associate Degree: 3.8%
- Bachelor's Degree: 26.7%
- Graduate Degree: 26.8%
Income by dollar range
Median Income: $69,305
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $978
- One Bedroom: $1,227
- Two Bedroom: $1,580
- Three Bedroom: $1,182
- Four Bedroom: $1,688
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Contact Information
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or call me now at 302-547-6598
Listing Courtesy of: BHHS Fox & Roach The Harper at Rittenhouse Square , (215) 546-0550
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 6/20/2025.
