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2203 Ellsworth Street

Philadelphia, PA 19146

– beds
– baths
1,760 sqft
1,120 sqft lot
$255 per sqft
1923 build

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.

Listing courtesy of BRIGHT / BHHS Fox & Roach The Harper at Rittenhouse Square

Last checked: Checking… • Last updated May 16, 2025 •

MLS# PAPH2481876 —

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Building Levels:

2
Building Units Total:

2
Structure Type:

Interior Row/Townhouse
Architectural Style:

Traditional
Accessibility Features:

2+ Access Exits
Foundation Details:

Concrete Perimeter
Basement:

Yes
Basement Type:

Unfinished
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor

Interior

Interior Features:

2nd Kitchen, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Formal/Separate Dining Room
Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

1760
Living Area SqFt:

1,760 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate, Negotiable

Location

Directions:

Between 22nd St and 23rd St on Ellsworth.
Cross Street:

22nd st and Ellsworth
Latitude:

39.93870000
Longitude:

-75.18046000

The Property

Property Subtype:

Duplex
Property Type:

Multi-Family
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

16.00 x 70.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,120 Sqft
Exclusions:

Tenants' and owner's personal property
Zoning:

RM1
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

U30
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

361233400
Tax Year:

2025
Tax Lot:

34
Tax Annual Amount:

$4,144
Tax Assessed Value:

$296,100
Year Assessed:

2025
School Tax:

2321.0
City/Town Tax:

1823.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Window Unit(s)
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas, Electric
Water Source:

Public

Appliances

Appliances:

Dishwasher, Dryer, Oven/Range - Gas, Oven/Range - Electric, Refrigerator, Washer, Water Heater

Schools

School District Name:

Philadelphia City
School District Source:

Listing Agent

The Community

Exterior Features:

Sidewalks
Pool:

No Pool
Cap Rate:

5.50

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Other Units:

Unit 1,Unit 2
Vacation Rental:

No
One Bedroom Units:

1
Two Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/15/25 May 15, 2025	Listed / Active	BRIGHT	$450,000

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This multifamily located in Central, Philadelphia, PA 19146 is currently for sale for $450,000. 2203 Ellsworth Street is a 1,760 square foot multifamily with – beds and – baths. 2203 Ellsworth Street is in the Central neighborhood of Philadelphia and has a WalkScore® of 90, making it a walker’s paradise. This multifamily is in the attendance area of South Philadelphia High School and Edwin M. Stanton School.

Listing Courtesy of: BRIGHT and BHHS Fox & Roach The Harper at Rittenhouse Square.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.