2518 Memphis St, Philadelphia, PA 19125

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
2518 Memphis St,Philadelphia, PA 19125
$199,900
  • 2 Beds
  • 1 Baths
  • 1,176 sq. ft.
  • Townhouse
  • Active
Listed by: ryan f gallagher
Office: re/max access
MLS#:PAPH2614824
Source:BRIGHTMLS

Price summary

  • Price:$199,900
  • Price per sq. ft.:$169.98

About this home

Rare opportunity in red-hot Fishtown/Kensington area. This unique package deal at 2518 and 2520 Memphis Street features two turnkey rental units that have been established as a duplex since the 1980s by a longtime owner. Unit 2518 is a large 1-bedroom, 1-bathroom first-floor apartment, while Unit 2520 offers a spacious 2-bedroom, 1-bathroom layout on the second floor. Both units have been updated over the last few years and are ready to generate immediate income. Savvy investors will recognize the massive value-add potential to make minor improvements and warrant significantly higher market rents. The property features separate PECO and PGW utility meters for easy tenant management, with one shared water service located at 2518. The basement houses the building mechanicals and is easily accessible from a private exterior entrance on Firth Street. Location is everything, and this property delivers. Tenants will love being just steps away from local favorites like Meetinghouse and...

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Home facts

  • Year built:1875
  • Listing ID #:PAPH2614824
  • Added:1 day(s) ago
  • Updated:May 01, 2026 at 03:52 PM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Basement:Yes
  • Basement Description:Full
  • Living area:1,176 sq. ft.

Heating and cooling

  • Heating:Baseboard - Hot Water, Natural Gas

Structure and exterior

  • Year built:1875
  • Building area:1,176 sq. ft.
  • Lot area:0.02 Acres
  • Architectural Style:Straight Thru
  • Construction Materials:Masonry
  • Foundation Description:Brick/Mortar
  • Levels:2 Stories

Schools

  • High school:KENSINGTON

Utilities

  • Water:Public
  • Sewer:No Septic System

Finances and disclosures

  • Price:$199,900
  • Price per sq. ft.:$169.98
  • Tax amount:$3,989 (2025)

Parking

  • Parking description:On Street

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