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$310,000
46 Days On Site

2328 NICHOLAS STREET
PHILADELPHIA, PA 19121

For Sale|Duplex|Active
4
Beds
0
Total Baths
1,314
SqFt
$236
/SqFt
1925
Built
County:
PHILADELPHIA
Listing courtesy of Prime Realty Partners
Call Now: (703) 898-3565
Is this the listing for you? We can help make it yours.
(703) 898-3565
2328 NICHOLAS STREET2328 NICHOLAS STREET2328 NICHOLAS STREET2328 NICHOLAS STREET
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Investor Opportunity in 19121! Motivated Seller! Welcome to 2328 Nicholas Street, a value add duplex offering immediate cash flow with even greater upside. This well maintained property features two spacious 2 bedroom, 1 bathroom units. The upper unit is occupied by a clean, reliable tenant currently paying $1,750 per month, providing strong rental income from day one and making this an ideal investment for landlords looking to expand their portfolio. The lower unit is also a beautifully renovated 2 bedroom, 1 bathroom apartment with nearly identical finishes, including bright modern lighting, updated cabinetry, new countertops, and newer appliances throughout. The unit is currently vacant due to a plumbing issue affecting the basement. The required repair involves replacing a sewer line in the street, with a necessary permit obtained. Licensed contractor estimates place the repair cost at approximately $7,000 or less, presenting an excellent opportunity for an investor to complete the work quickly and begin generating additional rental income. Once repaired, the property offers multiple exit strategies. Lease the first floor and enjoy a fully occupied income producing duplex, or occupy the vacant unit while collecting rental income from the upstairs tenant to help offset your mortgage. The current tenant has an excellent payment history, maintains the property well, and is exactly the type of long term occupant every landlord hopes to have. Located in the heart of 19121, this property is surrounded by continued development, strong rental demand, and convenient access to Temple University, Brewerytown, Fairmount, Center City, major highways, public transportation, restaurants, shopping, and neighborhood amenities. The area has become increasingly attractive to both investors and owner occupants seeking long term appreciation. This is also an outstanding opportunity for Section 8 investors, as voucher demand remains exceptionally strong in this zip code, making it easier to secure qualified tenants and maintain consistent occupancy. Whether you're an experienced investor looking to add another cash flowing asset to your portfolio or a buyer seeking a house hack opportunity with built in rental income, this duplex offers tremendous value and upside at an attractive price point. Recently appraised at $405,000, the next buyer is gaining INSTANT equity. Opportunities like this do not come around often. Schedule your showing today and see the potential for yourself!

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Listing Snapshot
Price 
$310,000
Days On Site 
46 Days
Bedrooms 
4
Inside Area (SqFt) 
1,314 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.02 Acres
Year Built 
1925
MLS® Number 
PAPH2662054
Status 
Active
Property Tax 
$1,317
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Estimated
Friends & Family
Recent Activity
3 weeks agoPrice changed to $310,000
3 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.02
Foundation 
Other
Parking 
On Street
Property Sub Type 
Duplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
1314
SqFt Total 
1314
Style 
Other
Utilities 
Natural Gas AvailableSewer AvailableWater AvailableElectricity Available
Water Source 
Public
Zoning 
RM1
Interior Features
Appliances 
Electric Water Heater
Basement 
Unfinished
Cooling 
Central AirElectric
Furnished? 
None
Heating 
ElectricCentral
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Exterior Features
Pool Features 
None
Community Features
MLS Area 
19121 (19121)
School District 
PHILADELPHIA CITY
Schools
School District
PHILADELPHIA CITY
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Prime Realty Partners



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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