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$175,000

  • For Sale
  • Active
  • Townhouse
  • 2 Beds
  • 1 Full Bath
  • 1,176 Sq. Ft.
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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 Cook + Shaker, and just a short stroll from the vibrant Frankford Avenue corridor. Commuters are just 10 minutes from Center City and have rapid access to I-95. Both units must be sold together. The property is being sold in strictly "as-is" condition, and the seller will not accept any zoning contingencies. The price for each parcel is 175k, NOT FOR BOTH PARCELS

Full Property Details for 2518 Memphis St

General

  • Price: $175,000
  • Taxes: $3,989 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2614824
  • Updated: 5/27/2026
  • Added to Site: 53 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Main & Up: 2

Parking

  • Parking Type: On Street

Location

  • Area: 19125 (19125)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: FISHTOWN
  • Driving Directions: Corner of Memphis and Firth

School Information

  • School District: Philadelphia City
  • High School: Kensington

Heating & Cooling

  • Cooling Type: None
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: No Septic System
  • Water: Public

Structural Information

  • Architectural Style: Straight Thru
  • Structure Type: End of Row/Townhouse
  • Construction: Masonry
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Brick/Mortar
  • Stories Description: Main
  • Square Feet: 1,176
  • Sq. Ft. Source: Assessor
  • Living Area: 1,176 Sq. Ft.
  • Finished Above Grnd: 1,176 Sq. Ft.
  • Year Built: 1875
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.02
  • Lot Size (Sq. Ft.): 756
  • Lot Size Source: Assessor
  • Lot Dimensions: 14.00 x 54.00
  • Zoning: RSA5

Financial Considerations

  • Price Per Sq. Ft.: $148.81
  • Assessment Year: 2026
  • School Tax: $2,234
  • City/TownTax: $1,755
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $285,000
  • Tax Amount: $3,989
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 1176

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 44

Listed by RE/MAX Access, Ryan F Gallagher

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Listing agent

— 2518 Memphis St —

  • Ryan F Gallagher

    RE/MAX Access

Listing Office Email: remaxsteveo@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2518 Memphis St

School District:Philadelphia City School District
NameGradesDistance
Hackett Horatio B School
2161 East York Street, Philadelphia, PA 19125
K-50.2 mi
Penn Treaty Middle School
600 East Thompson Street, Philadelphia, PA 19125
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2518 Memphis St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/27/2026
Price Reduced
$175,000
-12.46%
MLS
4/30/2026
Listed
$199,900
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2518 Memphis St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,989
—
$285,000
—
2024
$3,989
65%
$285,000
100%
2021
$2,422
-22%
-100%
2023
$3,123
29%
$223,100
29%
2020
$2,422
8%
$173,000
8%
2019
$2,248
61%
$160,600
61%
2018
$1,400
-6%
$100,000
-6%
2017
$1,495
—
$106,800
—
2016
$1,495
12%
$106,800
7%
2015
$1,340
-16%
$100,000
-16%
2014
$1,592
99%
$118,800
1350%
2013
$800
—
$8,192
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 2518 Memphis St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by RE/MAX Access, Ryan F Gallagher

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2518 Memphis Street, Philadelphia, PA 19125 (MLS# PAPH2614824) is a Townhouse property with 2 bedrooms and 1 full bathroom. 2518 Memphis Street is currently listed for $175,000 and was received on April 30, 2026. Want to learn more about 2518 Memphis Street? Do you have questions about finding other Townhouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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