Calling all investors, come check out this amazing opportunity to purchase in an already up and coming area of the the city. Conveniently located 1 block from Broad street, this 5-unit income producing property is ideal for your investment portfolio! The building has 4 one bedroom units and 1 studio. Three of the five units have been updated and have significant room to raise rents. Updating on the remaining units would bring all apartments to market rent and make this asset an amazing cash flowing investment. Tenants pay all utilities except for water. All leases and rental licenses available upon request. Please allow 48 hours for showing approval. Make an appointment ASAP before this property is sold!
Multi-familyProperty Type
1915Year Built
1,440 sq ftLot Size
$248Est. Price/Sq.Ft.
Listed by Matt Robertson• OCF Realty LLC - Philadelphia
•215-735-7368 (broker)
•info@ocfrealty.com (broker)
Listed by Kevin McGettigan• OCF Realty LLC - Philadelphia
Investor Alert! Located 1 block from Broad street, this 5-unit income producing property is ideal for your investment portfolio! The building has 4 one bedroom units and 1 studio. 3 of the units are updated. With some TLC the other units can fetch higher rents. Tenants pay all utilizes except for water. All units are currently occupied. Seller will turn over leases to new owner.
Public Records
May 19, 1998
Sold
$20,000
$9/sq ft
Public Records
Jan 22, 1998
Sold
$17,100
$8/sq ft
Public Records
Apr 3, 1991
Sold
$37,500
$17/sq ft
Public Records
Jul 1, 1983
Sold
$22,500
$10/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$8,295
$118,520 + $474,080
$592,600
2025
$8,295 (+0.1%)
$118,520 + $474,080
$592,600
2024
$8,284
$118,360 + $473,440
$591,800
2023
$8,284 (+112.3%)
$118,360 + $473,440
$591,800
2022
$3,903
$54,368 + $224,432
$278,800
2021
$3,903
$54,368 + $224,432
$278,800
2020
$3,903 (+12.9%)
$54,368 + $224,432
$278,800
2019
$3,456 (+162.4%)
$48,147 + $198,753
$246,900
2018
$1,317
$18,350 + $75,750
$94,100
2017
$1,317 (+4.4%)
$18,350 + $75,750
$94,100
2015
$1,261
$17,827 + $76,273
$94,100
2014
$1,260 (+187.8%)
$17,827 + $76,273
$94,100
2013
$438 (+3.6%)
$452 + $4,028
$4,480
2012
$423 (+3.9%)
$452 + $4,028
$4,480
2011
$407 (+9.9%)
$452 + $4,028
$4,480
2010
$370
$452 + $4,028
$4,480
Tax history for 1405 Reed St
Year
Property tax
Land + Additions
Assessment*
2026
$8,295
$118,520 + $474,080
$592,600
2025
$8,295 (+0.1%)
$118,520 + $474,080
$592,600
2024
$8,284
$118,360 + $473,440
$591,800
2023
$8,284 (+112.3%)
$118,360 + $473,440
$591,800
2022
$3,903
$54,368 + $224,432
$278,800
2021
$3,903
$54,368 + $224,432
$278,800
2020
$3,903 (+12.9%)
$54,368 + $224,432
$278,800
2019
$3,456 (+162.4%)
$48,147 + $198,753
$246,900
2018
$1,317
$18,350 + $75,750
$94,100
2017
$1,317 (+4.4%)
$18,350 + $75,750
$94,100
2015
$1,261
$17,827 + $76,273
$94,100
2014
$1,260 (+187.8%)
$17,827 + $76,273
$94,100
2013
$438 (+3.6%)
$452 + $4,028
$4,480
2012
$423 (+3.9%)
$452 + $4,028
$4,480
2011
$407 (+9.9%)
$452 + $4,028
$4,480
2010
$370
$452 + $4,028
$4,480
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
4
Baths
5
Stories
3
Lot width
18 ft.
Lot depth
80 ft.
Lot size
1,440 Sq. Ft.
Year renovated
—
Sq. Ft.
2,225
Year built
1915
Style
Multi-Family (5+ Unit)
County
Philadelphia County
APN
365347500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 28, 2026.
RSA-5
/NIS
Residential Single-Family Attached-5
The RSA, Residential Single-Family Attached districts are primarily intended to accommodate attached and semi-detached houses on individual lots, but may be applied in areas characterized by a mix of housing types, including detached houses. The districts are also intended to provide a density transition between RSD districts and RM districts. The Zoning Code includes five RSA districts that are differentiated primarily on the basis of minimum lot area requirements.
Zone overlays
Narcotics Injection Sites Overlay District
Permitted uses
Include but are not limited to:
Assembly / meeting place
Garden center
Housing-Single unit
Fire house
Police station
Recreation-Other
Apr 9, 2016 • Final
Bp_alter
Repair a hole in the front cornice.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Interior Information
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: Yes
Unfinished
Multi Unit Information
# of Single Room Units: 1
# of One Bedroom Units: 4
# of Vacant Units: 1
# of Units Leased: 5
Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Gross Scheduled Income: $48,840
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $473,440
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 4
Construction Materials: Masonry
Foundation Details: Stone
Other Structures: Above Grade, Below Grade
Structure Type: Interior Townhouse/Rowhouse
Lot Information
Lot Size Dimensions: 18.00 x 80.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $118,360
Above Grade Information
Finished Sq.Ft.: 2,225
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $3,738
School Tax: $4,545
Tax Assessed Value: $591,800
Tax Year: 2022
Tax Annual Amount: $8,284
Assessments Information
Year Assessed: 2023
Lease Information
Existing Lease Type: Yearly, Month to Month
Rental Information
Rent Control: No
Total Actual Rent: $48,840
Utilities
Utilities Information
Baseboard - Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
School District Source: Listing Agent
Location Information
Directions: Off of broad
Municipality: PHILADELPHIA
Public facts
Beds: 4
Baths: 5.0
Sq. Ft.: 2,225
Stories: 3.0
Lot Size: 1,440 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1915
Year Renovated: —
County: Philadelphia County
APN: 365347500
Home facts updated by county records on Jul 28, 2026
Around this home
Schools
Childs George W School
Public PreK-8 • Assigned • 0.1mi
5/10
South Philadelphia High School
Public PreK-12 • Assigned • 0.7mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 103° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Philadelphia, PA • 19146
Average low and high temperatures (°F)
37
25
41
29
59
40
67
48
74
58
84
67
89
73
84
68
79
64
69
53
57
43
43
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.3 hours in December, placing it below the
U.S. average for solar exposure.