$595,000
NEW CONSTRUCTION

Estimated payment $3,897/month

Total Views 1,086
-- Bed
-- Bath
2,350 Sq Ft
$253 Price per Sq Ft

Highlights

  • New Construction
  • Contemporary Architecture
  • Recessed Lighting
  • Open Floorplan
  • Stainless Steel Appliances
  • 5-minute walk to 8th & Diamond Playground

About This Home

High-Yield Duplex in Prime Location – 6.8% Cap Rate + 10-Year Tax Abatement Pending! This brand-new (Fall 2024) luxury duplex in Norris Square is a prime cash-flowing asset generating $4,000/month in rental income with a strong 6.8% cap rate and a pending 10-year tax abatement, keeping overhead low and profits high. Unit 1 (2 bed/2.5 bath) rents for $1,800/month and features a private backyard, while Unit 2 (3 bed/3 bath) rents for $2,200/month with a private rooftop deck offering stunning city views. Designed for maximum ROI with minimal maintenance, this all-electric property boasts modern finishes, high ceilings, recessed lighting, durable vinyl plank flooring, and sleek stainless steel appliances. Located in a high-demand rental area near Fishtown, and public transit, this is an exceptional investment opportunity with strong tenant appeal and long-term appreciation potential. Don’t miss out—schedule your private showing today!

Listing Agent

Emre Yucel

HomeSmart Realty Advisors License #RS370340 Listed on: 02/07/2025

HomeSmart Realty Advisors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 902 Sq Ft Lot
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,350 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Combination Dining and Living Room
  • Stacked Washer and Dryer
  • Finished Basement

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Home Security

  • Window Bars
  • Fire and Smoke Detector
  • Fire Sprinkler System

Utilities

  • 90% Forced Air Heating and Cooling System
  • 60 Gallon+ Electric Water Heater

Community Details

  • 2 Units
  • 4-Story Building

Property Details

Home Type

Multi-Family

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2024
  • Remarks Public: High-Yield Duplex in Prime Location – 6.8% Cap Rate + 10-Year Tax Abatement Pending! This brand-new (Fall 2024) luxury duplex in Norris Square is a prime cash-flowing asset generating $4,000/month in rental income with a strong 6.8% cap rate and a pending 10-year tax abatement, keeping overhead low and profits high. Unit 1 (2 bed/2.5 bath) rents for $1,800/month and features a private backyard, while Unit 2 (3 bed/3 bath) rents for $2,200/month with a private rooftop deck offering stunning city views. Designed for maximum ROI with minimal maintenance, this all-electric property boasts modern finishes, high ceilings, recessed lighting, durable vinyl plank flooring, and sleek stainless steel appliances. Located in a high-demand rental area near Fishtown, and public transit, this is an exceptional investment opportunity with strong tenant appeal and long-term appreciation potential. Don’t miss out—schedule your private showing today!
  • Special Features: NewHome

Interior Features

  • Appliances: Water Heater, Washer/Dryer Stacked, Stainless Steel Appliances, Refrigerator, Oven/Range - Electric, Disposal, Dishwasher, Built-In Microwave
  • Interior Amenities: Combination Dining/Living, Floor Plan - Open, Recessed Lighting, Sprinkler System
  • Foundation Details: Concrete Perimeter
  • Room Count: 5
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2350
  • Living Area Sq Ft: 2350
  • Price Per Sq Ft: 253.19
  • Above Grade Finished Sq Ft: 2350
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2010

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Vinyl Siding
  • Construction Completed: Yes
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank, Electric
  • Security: Sprinkler System - Indoor, Smoke Detector, Window Grills
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: 3rd Party

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 902.00
  • Property Condition: Excellent
  • Zoning: CMX-2

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Sewer
  • Total Actual Rent: 48000.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2024

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

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Home Values in the Area

Source: Public Records

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Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2025 02/07/25 For Sale $595,000 +385.7% $253 / Sq Ft
07/31/2023 07/31/23 Sold $122,500 -15.5% --
04/02/2023 04/02/23 For Sale $145,000 -- --
Source: Bright MLS

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Source: Bright MLS

MLS Number: PAPH2442980

Bright MLS