$245,000

Estimated payment $1,637/month

Total Views 4,792
-- Bed
-- Bath
1,892 Sq Ft
$129 Price per Sq Ft

Highlights

  • Straight Thru Architecture
  • Radiator
  • 2-minute walk to Chester Avenue And 56Th Street

About This Home

Turnkey investment opportunity in an up-and-coming Philadelphia neighborhood! This moderately renovated duplex at 1604 S 56th Street is fully rented, providing immediate cash flow. Nestled in a rapidly developing area near Cobbs Creek, this property benefits from ongoing revitalization, increasing home values, and new businesses popping up. Each unit offers comfortable living spaces with recent updates, making it an attractive choice for tenants. Whether you’re a seasoned investor or just starting out, this is a prime opportunity to own in a growing market. Schedule a showing today!

Listing Agent

Cat Bond

KW Empower License #Rs0037322 Listed on: 03/21/2025

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,542

Year Built

  • Built in 1920

Lot Details

  • 1,223 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 1,892 Sq Ft Home
  • Duplex
  • Straight Thru Architecture
  • Stone Foundation
  • Masonry

Utilities

  • Radiator
  • Electric Water Heater

Community Details

  • 2 Units
  • Kingsessing Subdivision

Listing and Financial Details

  • Tax Lot 234
  • Assessor Parcel Number 514033100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,542

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Turnkey investment opportunity in an up-and-coming Philadelphia neighborhood! This moderately renovated duplex at 1604 S 56th Street is fully rented, providing immediate cash flow. Nestled in a rapidly developing area near Cobbs Creek, this property benefits from ongoing revitalization, increasing home values, and new businesses popping up. Each unit offers comfortable living spaces with recent updates, making it an attractive choice for tenants. Whether you’re a seasoned investor or just starting out, this is a prime opportunity to own in a growing market. Schedule a showing today!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 1892
  • Living Area Sq Ft: 1892
  • Price Per Sq Ft: 129.49
  • Above Grade Finished Sq Ft: 1892
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1604

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: W30
  • Lot Size Acres: 0.03
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1223.00
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Number Of Units Month To Month: 1
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 1944.00
  • Tax Annual Amount: 3542.00
  • Assessor Parcel Number: 514033100
  • Tax Lot: 234
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

Multi Family

  • Other Units: Unit 1,Unit 2

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,543 $184,100 $36,820 $147,280
2024 $3,543 $184,100 $36,820 $147,280
2023 $3,543 $253,100 $50,620 $202,480
2022 $1,340 $253,100 $50,620 $202,480
2021 $1,340 $0 $0 $0
2020 $1,340 $0 $0 $0
2019 $1,167 $0 $0 $0
2018 $423 $0 $0 $0
2017 $423 $0 $0 $0
2016 $423 $0 $0 $0
2015 $541 $0 $0 $0
2014 -- $40,400 $5,942 $34,458
2012 -- $9,728 $1,674 $8,054
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2025 08/05/25 Price Changed $245,000 -2.0% $129 / Sq Ft
03/21/2025 03/21/25 For Sale $250,000 -- $132 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Listed On Document
Deed $120,000 Land Services Usa
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $225,000 New Conventional
Previous Owner $170,000 New Conventional
Source: Public Records

Similar Homes in Philadelphia, PA

  • 6006 Kingsessing Ave, Philadelphia, PA 19142

    $224,900

    • Studio
    • 1,494 Sq Ft
    • 6006 Kingsessing Ave
    • Philadelphia, PA

    This duplex is primed and ready to go. Both units are well appointed with modern kitchen and bathrooms. The units have been maintained and are in excellent condition. Both units have forced air HVAC systems, newer windows, floors and paint. Its rare to find a property in such condition with steady rent in place. All utilities are separate. This property is great for an owner occupant or investor

    Asmaro Gist Realty Mark Associates-CC

    Section Image
  • 5737 Pine St, Philadelphia, PA 19143

    $255,000

    • Studio
    • 1,472 Sq Ft
    • 5737 Pine St
    • Philadelphia, PA

    Welcome to 5737 Pine Street – A Turnkey Duplex in the Heart of Cobbs Creek! This lovingly maintained duplex offers a fantastic opportunity for both investors and owner-occupants. Each unit features 2 spacious bedrooms and 1 full bathroom, highlighted by gleaming hardwood floors, in-unit laundry hookups, and generous natural light throughout. Located in the vibrant Cobbs Creek neighborhood of West

    Abdulai Diallo KW Empower

    Section Image
  • 5411 Arlington St, Philadelphia, PA 19131

    $275,000

    • Studio
    • 1,402 Sq Ft
    • 5411 Arlington St
    • Philadelphia, PA

    Investor alert or perfect owner-occupant opportunity in the heart of Wynnefield! This duplex with a bonus unit in the basement offers three separate living spaces, each with private entrances — ideal for maximizing rental income or multigenerational living. This multi-family property is one you do not want to miss!The front yard is fenced and features a modern railing with an inviting

    Maria Quattrone RE/MAX @ HOME

    Section Image
  • 1901 N 23rd St, Philadelphia, PA 19121

    $225,000

    • Studio
    • 2,850 Sq Ft
    • 1901 N 23rd St
    • Philadelphia, PA

    Exceptional Investment Opportunity in One of Philadelphia’s Fastest-Growing Neighborhoods! Positioned near the vibrant communities of Brewerytown and Strawberry Mansion, this expansive 2-story corner property boasts 2,850 square feet and comes with approved zoning for a total of five units. It's the ideal foundation for a high-potential mixed-use development. Blueprints are already in place for a

    Maria Quattrone RE/MAX @ HOME

    Section Image
  • 2213 N 16th St, Philadelphia, PA 19132

    $299,000

    • Studio
    • 1,964 Sq Ft
    • 2213 N 16th St
    • Philadelphia, PA

    Investment Opportunity – Spacious Duplex Minutes from Temple University. Presenting a prime investment opportunity at 2213 North 16th Street, Philadelphia, PA 19132—a large duplex located just minutes from Temple University. This property offers exceptional potential for both seasoned investors and those looking to enter the student housing market. Its convenient location near shopping

    Melissa Adams Morris Real of Pennsylvania

    Section Image
  • 2215 W Lehigh Ave, Philadelphia, PA 19132

    $275,000

    • Studio
    • 2,048 Sq Ft
    • 2215 W Lehigh Ave
    • Philadelphia, PA

    Don't miss this incredible investment opportunity right on the busy street of W Lehigh Ave! This versatile mixed-use property features a fully renovated first-floor commercial space, formerly leased for $2,200/month, now ready for a new tenant or owner-occupant. The first floor is already set up as a fast food restaurant with all the equipment already in place. All the equipment will be included

    Maria Quattrone RE/MAX @ HOME

    Section Image
  • 2713 W Allegheny Ave, Philadelphia, PA 19132

    $200,000

    • Studio
    • 2,256 Sq Ft
    • 2713 W Allegheny Ave
    • Philadelphia, PA

    Here’s a great opportunity to own a Triplex in the rapidly developing Allegheny West neighborhood of Philadelphia. Whether you're an investor looking to add a cash flowing property to your rental portfolio or you're looking to live in one unit and rent the rest out to help cover the mortgage, this can be a great opportunity for you. The first-floor unit is a commercial space that is currently

    Maria Quattrone RE/MAX @ HOME

    Section Image
  • 2045 W Toronto St, Philadelphia, PA 19132

    $295,000

    • Studio
    • 1,915 Sq Ft
    • 2045 W Toronto St
    • Philadelphia, PA

    Investor Alert! This versatile duplex is a rare find offering solid income potential and located just beside Mt. Olive Church of Christ, in a growing area with I-1 zoning that allows for flexible use. The property includes 2 bedrooms and 2 full bathrooms, currently configured as one single-room unit, one one-bedroom unit, and two vacant units—giving you the chance to customize, renovate, and

    Maria Quattrone RE/MAX @ HOME

    Section Image
  • 2957 N 8th St, Philadelphia, PA 19133

    $265,000

    • Studio
    • 1,836 Sq Ft
    • 2957 N 8th St
    • Philadelphia, PA

    1st Floor Unit was just rented (JUNE 2025) under a PHA/HCV (Section-8) Lease @ $1,460/month for TWO (2) years. Projected rent is the same for the 2nd floor unit @ $1,460-$1,480/month ($2,920/Month or $35,040/ANNUAL) We are currently searching for a highly qualified HCV Tenant (Section-8) for the 2nd floor so we can deliver the unit to a new owner as a turn-key rental. Property could also

    Angela Floyd BAE Realty and Investment Services

    Section Image

Source: Bright MLS

MLS Number: PAPH2458366

Bright MLS

APN: 514033100