2523 W Dauphin St.
- Buy $48,000
- $140,000/ARV
Description
Located in the rapidly developing Strawberry Mansion neighborhood, this 2-bedroom, 1-bath rowhome offers both stability and future upside. The home spans 784 sq ft on a 612 sq ft lot and sits on RSA-5 zoning, making it a straightforward single-family investment.
Currently, the property is tenant-occupied, generating $850/month under a lease in place since 2019, providing reliable cash flow from day one. The roof was replaced four years ago, reducing near-term maintenance risk and ensuring structural durability.
With nearby comps supporting after-repair values (ARVs) of $70K–$85K, this property presents multiple exit strategies. Investors can continue as a buy-and-hold rental for stable income, particularly attractive for Section 8 repositioning (with market rents around $1,200–$1,400/month), or pursue a value-add renovation to capture resale upside.
This property is well-suited for investors seeking an affordable entry point into one of Philadelphia’s most actively redeveloping areas, balancing both immediate income and long-term appreciation potential.
🏆 High-End Comp
2137 N Dover St — 2 Bed / 1 Bath • 0.3 mi • Detached • $140,000
Strongest resale within .5 mi, solid condition and detached layout brings a slight premium
⚖️ Mid-Tier Comps
2904-06 W Fletcher St — Twin/Semi-Detached • 0.3 mi • $105,000
Average layout and condition, supports mid-range ARV for refinance
2531 W Dakota St — Interior Row/Townhouse • 0.0 mi • $85,000
Same block as subject, excellent supporting comp for stable resale/appraisal
Address
Open on Google Maps-
Address: 2523 W Dauphin St, Philadelphia, PA 19132, USA
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City: Philadelphia
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State/county: Pennsylvania
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Zip/Postal Code: 19132
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