1016 S Reese Street

Welcome to this charming 2-bedroom, 1-bath brick-front townhome which offers the perfect mix of character, location, and income-generating potential. Whether you're a buyer looking for a home in one of Philadelphia’s most vibrant neighborhoods or an investor seeking a tenant-occupied property with reliable cash flow, this one delivers. The home greets you with a classic brick façade and beautifully detailed cornice that adds historic appeal. Step inside to find high ceilings, hardwood flooring, and a spacious main level layout that flows seamlessly from the welcoming living area into a large, well-appointed kitchen—ideal for cooking, entertaining, or just enjoying everyday comfort. Upstairs, two sun-filled bedrooms provide flexibility for a variety of living needs, including shared occupancy or a home office setup. The full bathroom on this level is well-positioned for convenience and privacy. Out back, a private rear yard creates a peaceful outdoor escape, perfect for relaxing, barbecuing, or gardening. The basement is unfinished but clean and well-maintained, with full ceiling height, laundry units, and ample storage space—offering future potential for customization or additional living space. Currently tenant-occupied at $1,700 per month through August 2025, this home is a turnkey investment in a neighborhood where rental demand remains strong. The location is unmatched—earning a Walk Score of 91, where daily errands can easily be completed without a car. With a Transit Score of 70, public transportation is convenient for most trips, and a Bike Score of 84 highlights the area's excellent biking infrastructure. Commuters will appreciate being just 19 minutes from the Broad Street Line via the Ellsworth-Federal Station stop. Nearby amenities include local favorites like Paris Baguette, Bambu, and many more eateries. Grocery shopping is a breeze with options like Giordano Pf Produce, Richette's South Philly Cold, and Marie’s Grocery close by. For families, schools such as Nebinger George W School and Horace Furness High School are within reach. Outdoor enthusiasts will enjoy the proximity to Jefferson Square, Cianfrani Park, and the historic Tomb of the Unknown Soldier of the Revolution. Additionally, the property qualifies for the CRA program, offering a conventional loan with no mortgage insurance, low down payment and lower interest rate. This is a rare opportunity to own a versatile, income-producing home in one of Philadelphia’s most walkable and desirable communities. Schedule your tour today before it's gone!