1218 N Hope St, Philadelphia, PA 19122

Property Description

Discover a rare opportunity to own a fully occupied or owner-occupied duplex located at 1218 N Hope Street, Philadelphia, in the rapidly developing Olde Kensington / Northern Liberties corridor. This well-maintained multifamily property features two spacious 2-bedroom, 1-bathroom units, making it ideal for both investors and owner-occupants seeking strong rental income and long-term growth. Each unit offers a functional and comfortable layout with generous bedroom sizes, separate living and dining areas, and abundant natural light. The first-floor unit is notably oversized with a finished extension, providing additional living space and flexibility. A major highlight of this property is the gated 4-car parking, a rare and highly valuable feature in this neighborhood. The duplex configuration allows for excellent “house hacking” potential—live in one unit while renting out the other to significantly offset your mortgage and monthly expenses. This property is also FHA owner-occupant financing eligible, making it an attractive option for first-time buyers looking to build equity through real estate ownership. Conveniently located near public transportation, major highways, Temple University, Fishtown, Northern Liberties, and Center City, residents enjoy easy access to dining, shopping, entertainment, and major employment hubs. Whether you’re expanding your investment portfolio or purchasing your first income-producing property, 1218 N Hope Street offers a strong opportunity in one of Philadelphia’s most active and appreciating growth markets. Lease Details: Both units are currently on month-to-month leases with 60-day notice. First-floor rent: $2100/month moving out August 1st Second-floor rent: $1900/month moving out August 27th