Investment Opportunity | Turnkey Duplex | Long-Term Hold

Acquire a well-maintained duplex in Philadelphia's desirable 19150 market offering immediate income, future rental upside, and long-term appreciation potential.

The property currently features one income-producing unit rented at $1,200 per month, while the second owner-occupied unit provides the flexibility to lease at market rent or occupy. Current rental activity in the immediate area supports one-bedroom rents around $1,200 per month and two-bedroom rents ranging from approximately $1,300–$1,500+ per month, depending on condition and amenities.

Investment Snapshot

• Asking Price: $359,900
• Property Type: Duplex
• Current Rental Income: $1,200/month
• Projected Market Rent: Approximately $2,500–$2,700/month combined based on current neighborhood rental activity.
• Projected Gross Annual Income: $30,000–$32,400
• Investment Strategy: Buy & Hold • House Hack • Long-Term Rental

Renovated in 2022, the property includes separate electric meters, two hot water heaters, a detached two-car garage, and dedicated basement storage for each unit. The current tenant is preparing to vacate, allowing the new owner to establish market rent or occupy the unit at settlement.

Located in an established Northwest Philadelphia neighborhood with consistent rental demand, 1619 Elaine Street presents an excellent opportunity for investors seeking stable cash flow today with the potential for long-term equity growth through appreciation and increasing rental income over time.