Price Improvement! Move in- ready vacant legally zoned duplex offering an excellent investment or owner-occupant opportunity. Both units are fully updated with upgraded kitchens, baths, flooring and stainless steel appliances. Featuring a 1-bed, 1-bath unit on the first floor which includes a sizable basement with projected rents $900/month. Second floor gets great natural light and consists of 2-bed, 1 bath with projected rents $1100/month. Monthly Income up to $2000/month. Annual Gross Income up to $24,000. With 20% down and estimated all in payments between $1400-1450 this property stands out as a true house hack and a strong entry-level investment with immediate cash flow potential. This property is ideal for: Buy-and-hold investors seeking steady cash flow with upside or Owner-occupants looking to live in one unit while renting the other. Conveniently located in a high-demand area in close proximity to major highways I-95 and I-76 and public transit. For owner occupants, the rental income from one unit can significantly offset your mortgage or living expenses. Live in one unit and rent the other or rent both and start collecting returns to maximize potential.
Listed by Francis Nguyen
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License #RS352433
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KW Empower
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2679843361
Last updated January 28, 2026
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Source: BrightMLS #PAPH2538942
Listing Facts
TypeMulti-family
NeighborhoodElmwood
Days on Prevu128
Taxes$2,137/year
Size960 sqft
Price per sqft$229
Location
Mortgage Calculator
Listing History
01/28/2026
Price Decreased
$219,900
12/30/2025
Status changed to Active
$225,000
12/30/2025
Price Increased
$225,000
11/18/2025
Status changed to Removed from Feed
$209,000
10/31/2025
Status changed to In Contract
$209,000
10/23/2025
Price Decreased
$209,000
09/25/2025
Listed by KW Empower
$214,900
Property Details for 2656 S Shields Street
Exterior
Construction
New Construction: No
Number Of Units Total: 2
Year Built: 1925
Architectural Style: Straight Thru
Construction Materials: Masonry, Brick
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.03
Lot Size Dimensions: 16
Lot Size Source: Assessor
Lot Size Square Feet: 1,472
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $2,137.00
Tax Year: 2025
Interior
Features
Appliances: Stainless Steel Appliances
Fireplace: No
Spa: No
Measurements
Living Area: 960
Living Area Source: Assessor
Rooms
Basement: Partial
Has Basement: Yes
Rooms Total: 3
Other
Location
Subdivision Name: ELMWOOD PARK
Tax Lot: 102
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Ceiling Fan(s), Window Unit(s)
Heating: Baseboard - Electric, Other
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 2656 S Shields Street.
What are the annual taxes for 2656 S Shields Street?
Annual taxes for this multi-family home are estimated at $2,137.
How does 2656 S Shields Street compare to other multi-family homes in Elmwood?
This multi-family home is listed 10% below the average price for multi-family homes in Elmwood and has been on the market for 50 more days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 960 sqft.
2656 S Shields Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19142. On Prevu for 128 days at $219,900. This includes a recent price decrease of $5,100. This residence features 960 square feet of living space, located in Elmwood. The median listing price for multi-family homes in this area is $175,000. View other multi-family home listings in Philadelphia.
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