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2235 REESE STREET
About This Property
Welcome to 2235 South Reese Street, a stunningly renovated home in Philadelphia's sought-after Whitman neighborhood. This modern residence effortlessly combines contemporary style with timeless character, showcasing exposed brick walls, sleek floating stairs, and elegant iron railings.
Spanning 1,440 square feet, this thoughtfully designed home features two spacious bedrooms and a beautifully updated 1.5 baths, all within an open-concept layout that maximizes space and light.
Step into a chef's dream kitchen, fully renovated and outfitted with sleek stainless steel appliances, stunning Bianco Calacatta Quartz countertops, and a convenient dishwasher-making meal prep and cleanup effortless. Downstairs, the finished basement offers endless possibilities, whether you need a home office, gym, or entertainment space. Enjoy year-round comfort with central heating and air conditioning, ensuring the perfect indoor climate in every season.
This property is situated approximately one mile from the stadium districts, home to the Eagles, 76ers, Phillies, and Flyers, as well as the prominent Whitman Plaza shopping center in South Philadelphia, offering convenient visibility and access from I-95 and I-76 (Schuylkill Expressway).
Also as a first-time homebuyer purchasing this as your primary residence, you may be eligible for a grant of up to $15,000 to assist with your down payment and closing costs. Don't miss out on this fantastic opportunity!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 5, 2025 | Price Decreased |
$329,998
↓ $1
(0%) | |
Price Decreased | |||
Feb 18, 2025 | Price Decreased |
$329,999
↓ $10K
(2.9%) | |
Price Decreased | |||
Jan 23, 2025 | Price Decreased |
$339,999
↓ $10K
(2.9%) | |
Price Decreased | |||
Jan 10, 2025 | Listed by Compass RE | $349,999 | |
Listed by Compass RE | |||
Sep 18, 2017 | Sold to Thu Ha T Ho | ||
Sold to Thu Ha T Ho |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/07/2024
| |
2 Bed
|
1 Bath
|
1440 ft²
|
$175,888
2 Bed
1 Bath
1440 ft²
|
$169,990
-3.35%
07/22/2024
|
-
|
Paris Luong
Realty Mark Associates
|
Building Info
- 1 Unit for Sale

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