2633 Waterloo St – Philadelphia, PA 19133

Hey Investors,

This 3-bedroom row home at 2633 Waterloo St sits in the Kensington neighborhood of Philadelphia — a rapidly stabilizing corridor where buy-and-hold investors are capturing strong rental yields at below-market acquisition prices. With an as-is value of ~$94,758 and zero formally reported repair costs, this is positioned as a light-touch rental play with immediate income potential in a market where rents are running $1,300–$1,500/mo for comparable units.

Strategy: Buy & Hold | Type: Single Family | Specs: 3 BR / 1 BA | 940 sqft | Year Built: 1920 | Zoning: RSA5 | Occupancy: Unknown | Condition: Light

The Money & ARV:
* Target Rent: $1,300 – $1,500/mo
* Est. Rehab: $70K
* Realistic ARV: $175,000 (Anchored by 2007 E Cumberland St, $170K, 1,190 sqft nearby TH)
* Aggressive ARV: $243,000 (Multi-family comp at 2211 N 2nd St, 2,055 sqft MF sale)

Waterloo Street is a tight row-home block in Kensington where investor activity has been consistent over the last 6 months. The sub-$100K basis gives you exceptional downside protection — even a conservative $1,300/mo rent yields a 16%+ gross yield on acquisition cost. The area’s RSA5 zoning supports long-term single-family rental demand, and the 1920-built construction is consistent with the surrounding block. Exit via sale to an owner-occupant or cash-flow-focused landlord is viable once stabilized, with ARV comps showing a clear path to $170K–$243K depending on rehab level and buyer type.

Comparable Properties

PROPERTY COMPARABLES (SOLD LAST 6 MONTHS) — City | Strategy: Buy & Hold | Radius: 1.0 mi (MF class)

Renovated / High-End Closed Sales

– 2525 N Hancock St, Philadelphia, PA 19133 (0.38 mi) — Sold $398,000 | 4BD/3BA | 1,591 sqft | $250 PPSF | 03/31/26

Mid-Tier & Value-Add Closed Sales
– 2615 N Mascher St, Philadelphia, PA 19133 (0.33 mi) — Sold $90,000 | 2BD/1BA | 920 sqft | $98 PPSF | 03/11/26
– 2007 E Cumberland St, Philadelphia, PA 19125 (0.44 mi) — Sold $170,000 | 3BD/1BA | 1,190 sqft | $143 PPSF | 02/27/26
– 157 W Dauphin St, Philadelphia, PA 19133 (0.36 mi) — Sold $205,000 | 2BD/1BA | 850 sqft | $241 PPSF | 02/25/26

Fixer / Shell Closed Sales (Low-Tier)
– 2340 N Hancock St, Philadelphia, PA 19133 (0.35 mi) — Sold $125,000 | 3BD/1BA | 1,199 sqft | $104 PPSF | 02/27/26
– 2547 N Reese St, Philadelphia, PA 19133 (0.49 mi) — Sold $111,000 | 3BD/2BA | 800 sqft | $139 PPSF | 03/25/26