Welcome to the booming neighborhood in south Philadelphia. This turn key ready duplex is located in the prime section of the Point Breeze, Wharton park is right around the corner. This Duplex was fully renovated in 2019 with modern taste, Both units features hardwood floor throughout, Central HVAC, brand-new roofing, each unit also features in units washer and dryer. The first floor offers 2 bedrooms, 1.5 bath, the first floor has access to the private backyard for outdoor fun; It also has access to the finished basement, which features a half bathroom; The 2nd floor features instant hot-water heater. This incredible duplex is a perfect turn key investment for an investor, also for someone who is looking to occupy one unit and lease out the other unit. The 2nd floor tenant finished their lease term and moved out, the 1st floor tenant lease ends in Jan 2023. See detail documents for extra rent and expense info. Close to 7% of cap.
Multi-familyProperty Type
1920Year Built
896 sq ftLot Size
$203Est. Price/Sq.Ft.
Listed by Serena Lin• RE/MAX One Realty
•215-467-2892 (broker)
•jbenson@remax-one.com (broker)
Bought with Michael Olubajo• Coldwell Banker Realty
Well maintained duplex on a great block. Separate utilites and a stable tenant upstairs who has been there for more than 4 years. Huge positive cash flow. Perfect for the savvy investor or homeowner to live in one unit and rent the other. Ideally located close to shopping, schools and public transportation. Property was just spruced up and rents were increased to $600/mo on each floor.
Year
Property tax
Land + Additions
Assessment*
2026
$3,246
$46,380 + $185,520
$231,900
2025
$3,246 (−28.8%)
$46,380 + $185,520
$231,900
2024
$4,558
$65,120 + $260,480
$325,600
2023
$4,558 (+82.9%)
$65,120 + $260,480
$325,600
2022
$2,492
$34,888 + $143,112
$178,000
2021
$2,492
$34,888 + $143,112
$178,000
2020
$2,492 (+7.6%)
$34,888 + $143,112
$178,000
2019
$2,317 (+134.8%)
$32,438 + $133,062
$165,500
2018
$987
$13,818 + $56,682
$70,500
2017
$986 (+4.4%)
$13,818 + $56,682
$70,500
2015
$945
$9,356 + $61,144
$70,500
2014
$944 (+123.6%)
$9,356 + $61,144
$70,500
2013
$422 (+3.6%)
$974 + $3,346
$4,320
2012
$407 (+3.9%)
$974 + $3,346
$4,320
2011
$392 (+9.9%)
$974 + $3,346
$4,320
2010
$357
$974 + $3,346
$4,320
Tax history for 2236 Reed St
Year
Property tax
Land + Additions
Assessment*
2026
$3,246
$46,380 + $185,520
$231,900
2025
$3,246 (−28.8%)
$46,380 + $185,520
$231,900
2024
$4,558
$65,120 + $260,480
$325,600
2023
$4,558 (+82.9%)
$65,120 + $260,480
$325,600
2022
$2,492
$34,888 + $143,112
$178,000
2021
$2,492
$34,888 + $143,112
$178,000
2020
$2,492 (+7.6%)
$34,888 + $143,112
$178,000
2019
$2,317 (+134.8%)
$32,438 + $133,062
$165,500
2018
$987
$13,818 + $56,682
$70,500
2017
$986 (+4.4%)
$13,818 + $56,682
$70,500
2015
$945
$9,356 + $61,144
$70,500
2014
$944 (+123.6%)
$9,356 + $61,144
$70,500
2013
$422 (+3.6%)
$974 + $3,346
$4,320
2012
$407 (+3.9%)
$974 + $3,346
$4,320
2011
$392 (+9.9%)
$974 + $3,346
$4,320
2010
$357
$974 + $3,346
$4,320
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
14 ft.
Lot depth
64 ft.
Lot size
896
Year renovated
—
Sq. Ft.
1,548
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Philadelphia County
APN
364001700
Parking Spaces
—
Basement
No
Accessible
No
HOA Dues
—
Garage
No
Features
—
Last updated by owner on Oct 26, 2022.
RM-1
/NIS
Residential Multi-Family-1 District
The RM, Residential Multi-Family districts are primarily intended to accommodate moderate- to high-density, multi-unit residential buildings in areas where such development already exists or where it is desired in the future. The Zoning Code includes four RM districts. These districts are differentiated primarily on the basis of allowed minimum lot area per unit and allowed building heights.
Zone overlays
Narcotics Injection Sites Overlay District
Permitted uses
Include but are not limited to:
Assembly / meeting place
Community / recreation center
Religious facility
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Fire house
Police station
Recreation-Other
Property details
Parking
Parking Information
On Street
Interior
Interior Information
Interior Features: Floor Plan - Open
Living Area Sq.Ft. Source: Estimated
Multi Unit Information
# of Two Bedroom Units: 2
# of Vacant Units: 1
# of Units Leased: 2
Operating Expense Includes: Insurance
Exterior
Property Information
Total Below Grade Sq. Ft.: 280
Improvement Assessed Value: $143,112
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 2
Construction Materials: Masonry
Foundation Details: Other
Other Structures: Above Grade, Below Grade
Structure Type: Interior Townhouse/Rowhouse
Lot Information
Lot Size Dimensions: 14.00 x 64.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $34,888
Above Grade Information
Finished Sq.Ft.: 1,268
Finished Sq.Ft. Source: Assessor
Below Grade Information
Finished Sq.Ft.: 280
Finished Sq.Ft. Source: Estimated
Financial
Tax Information
City/Town Tax: $1,124
School Tax: $1,367
Tax Assessed Value: $178,000
Tax Year: 2022
Tax Annual Amount: $2,491
Assessments Information
Year Assessed: 2022
Lease Information
Existing Lease Type: Yearly
Rental Information
Rent Control: No
Total Actual Rent: $31,440
Utilities
Utilities Information
Central Air
Cooling Type: Central A/C
Cooling Fuel: Electric
Central, Forced Air
Heating Fuel: Natural Gas
Hot Water: Electric, Multi-tank, Instant Hot Water
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
School District Source: Listing Agent
Location Information
Directions: n/a
Municipality: PHILADELPHIA
Public facts
Beds: —
Baths: —
Sq. Ft.: 1,548
Stories: 2.0
Parking Spaces: —
Basement: No
Accessible: No
Lot Size: 896 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: —
County: Philadelphia County
APN: 364001700
HOA Dues: —
Garage: No
Features: —
Home facts updated by owner on Oct 26, 2022
Other
Listing Information
Automatically Close on Close Date
Around this home
Schools
Mcdaniel Delaplaine School
Public K-8 • Assigned • 0.4mi
3/10
South Philadelphia High School
Public PreK-12 • Assigned • 1.0mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Philadelphia, PA • 19146
Average low and high temperatures (°F)
37
25
41
29
59
40
67
48
74
58
84
67
89
73
82
67
79
64
69
53
57
43
43
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.