1621 E Gowen Ave Philadelphia, PA 19150

Great opportunity to own a duplex in the desirable 19150 area of Philadelphia. This two-unit property offers immediate rental income with additional upside potential. The first-floor unit is a one-bedroom apartment currently occupied by a paying tenant on a month-to-month lease at $850 per month. The unit is in livable condition and provides steady income from day one. The second-floor unit is a two-bedroom, one-bath apartment that is vacant, cleaned out, and ready for renovation or a new tenant. This unit presents a strong value-add opportunity for investors looking to increase rental income through updates and improvements. The property features separate utilities, including two gas heaters (one for each unit) and two hot water heaters, offering efficiency and convenience for both landlord and tenants. The basement is partially finished and currently used as storage by the first-floor tenant but offers flexible potential for additional storage, workspace, or other uses depending on your vision. The building is in overall livable condition but would benefit from cosmetic updating, making this an ideal opportunity for investors seeking a solid rental with upside potential. Whether you're looking to expand your portfolio or house-hack with one unit while collecting income from the other, this duplex delivers strong fundamentals and future potential.