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Photo of 507 W Dauphin Street, Philadelphia PA
507 W Dauphin Street
Philadelphia, PA 19133
# of Units
2
2 Bdrm Units
2
Acres
0.02
Interior SqFt
1,530
Age
95
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2024)
1,884
Additional Details Below

Description

Brand New Duplex with 10-Year Tax Abatement & Builder’s Warranty – Just Blocks from booming American Street Corridor and walking distance to Fishtown, offering quick access to some of Philly’s best new restaurants, cafes, breweries, and bars Welcome to 507 W Dauphin Street, a beautifully renovated duplex offering the perfect blend of modern design, income potential, and location. This fully rehabbed property comes with a 10-year tax abatement and a 1-year builder’s warranty. With projected annual income of $37,800 and a cap rate of 8.5%+, this property checks all the boxes for strong cash flow in one of Philadelphia’s hottest growth areas. making it an exceptional opportunity for first-time homebuyers, savvy investors, or those looking for a 1031 exchange. Unit A has been rented. Only Unit B can be shown This duplex features two bi-level units, each with 2 spacious bedrooms and 2 full bathrooms. Both units are outfitted with high-end kitchens featuring quartz countertops, sleek modern cabinetry, stainless steel appliances, and designer backsplashes. You'll love the oak hardwood floors throughout, with durable tile flooring in the finished basement levels. Each bathroom is thoughtfully designed with contemporary tilework and stylish vanities, and both units include large laundry rooms for added convenience. The first-floor unit also boasts a massive private backyard, ideal for entertaining or creating a peaceful city oasis. A security system with camera is also included for peace of mind. Bonus for owner-occupants: This property qualifies for generous grant programs and low Down Payment options, making it easier than ever to start building equity while earning rental income.

Location

Driving Directions

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Listing Details

Summary
Architectural Type

Straight Thru

Interior Features
Basement

Full, Stone

Exterior Features
Exterior Features

Masonry

Utilities
Cooling

Central A/C, Electric

Heating

Forced Air, Natural Gas

Hot Water

Electric

Sewer

Public Sewer

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Rm1
Lattitude : 39.986221
Longitude : -75.141785
MLS# : PAPH2513436
Views : 25
Listing Courtesy: Serge Maslennikov of Tesla Realty Group, LLC

Notes

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