Calling investors! Great opportunity to purchase a legal triplex located in Newbold section on South Philly just a block from Broad Street. The building features 2 nice sized residential one bedroom units over a ground floor commercial space. Commercial space is roughly 700sq/ft with half bath, large storefront window, and rear yard with direct access to the street. Separate entrance provides access to the second floor and the 2 occupied residental one bedroom units. Both units offer combined living/kitchen layout with large bedrooms with double closets located in the front of the building. Each has updated bath as well. Separate basement located through bilco doors houses extra storage and utilities. Located close to Broad Street for easy access to public transportation and walking distance to many great bars/restaurants and businesses in South Philly.
Multi-familyProperty Type
1915Year Built
816 sq ftLot Size
$218Est. Price/Sq.Ft.
Listed by Kevin McGettigan• OCF Realty LLC - Philadelphia
•215-735-7368 (broker)
•info@ocfrealty.com (broker)
Bought with Chris Elwell• Citified Realty & Property Management
Recently improved mixed-use building in quickly gentrifying area. All utilities separated. Leases in place.
BRIGHT MLS #1000724239
Sep 19, 2006
Listing Removed
—
May 17, 2006
Listed
$239,000
$117/sq ft
Public Records
Mar 14, 2006
Sold
$160,000
$78/sq ft
BRIGHT MLS #PAPH160128
Feb 11, 2006
Listing Removed
—
Jan 25, 2006
Listed
$160,000
$78/sq ft
BRIGHT MLS #1000708533
Nov 21, 2005
Listing Removed
—
Sep 1, 2005
Listed
$189,000
$93/sq ft
BRIGHT MLS #1000706951
Oct 7, 2005
Listing Removed
—
Sep 12, 2005
Listed
$189,000
$93/sq ft
BRIGHT MLS #1000708525
Oct 7, 2005
Listing Removed
—
Sep 12, 2005
Listed
$189,000
$93/sq ft
BRIGHT MLS #PAPH215500
Mar 11, 2005
Sold
$81,000
$40/sq ft
Dec 27, 2004
Listing Removed
—
Nov 15, 2004
Listed
$81,000
$40/sq ft
Year
Property tax
Land + Additions
Assessment*
2018
$3,057 (+114.2%)
$43,680 + $174,720
$218,400
2017
$1,427 (+4.4%)
$20,400 + $81,600
$102,000
2015
$1,367
$20,400 + $81,600
$102,000
2014
$1,366 (+45.6%)
$20,400 + $81,600
$102,000
2013
$938 (+3.6%)
$2,732 + $6,868
$9,600
2012
$905 (+3.9%)
$2,732 + $6,868
$9,600
2011
$872
$2,732 + $6,868
$9,600
Tax history for 1529 Reed St
Year
Property tax
Land + Additions
Assessment*
2018
$3,057 (+114.2%)
$43,680 + $174,720
$218,400
2017
$1,427 (+4.4%)
$20,400 + $81,600
$102,000
2015
$1,367
$20,400 + $81,600
$102,000
2014
$1,366 (+45.6%)
$20,400 + $81,600
$102,000
2013
$938 (+3.6%)
$2,732 + $6,868
$9,600
2012
$905 (+3.9%)
$2,732 + $6,868
$9,600
2011
$872
$2,732 + $6,868
$9,600
*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
Beds
—
Baths
—
Stories
3
Lot width
17 ft.
Lot depth
48 ft.
Lot size
816 Sq. Ft.
Year renovated
—
Sq. Ft.
2,040
Year built
1915
Style
Single Family Residential
County
Philadelphia County
APN
871171900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 11, 2023.
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
Property details
Interior
Interior Information
Appliances: Oven/Range - Electric, Refrigerator
Interior Features: CeilngFan(s)
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: No
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $225,520
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 3
Construction Materials: Masonry
Other Structures: Above Grade, Below Grade
Building Not Winterized
Lot Information
Lot Size Dimensions: 17.00 x 48.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $56,380
Above Grade Information
Finished Sq.Ft.: 2,040
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
City/Town Tax: $1,780
School Tax: $2,165
Tax Assessed Value: $281,900
Tax Year: 2023
Tax Annual Amount: $3,946
Assessments Information
Year Assessed: 2023
Lease Information
Existing Lease Type: Yearly
Rental Information
Rent Control: No
Total Actual Rent: $38,544
Utilities
Utilities Information
Baseboard - Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Location
Multi Unit Information
# of Single Room Units: 1
# of One Bedroom Units: 2
# of Vacant Units: 1
# of Units Leased: 3
Other Units: Unit 1,Unit 2,Unit 3
School Information
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
School District Source: Listing Agent
Location Information
Cross Street: MOLE STREET
Directions: Commercial entrance on corner, residential entrance on N Mole.
Location Type: Urban
Municipality: PHILADELPHIA
Public facts
Beds: —
Baths: —
Sq. Ft.: 2,040
Stories: 3.0
Lot Size: 816 square feet
Style: Single Family Residential
Year Built: 1915
Year Renovated: —
County: Philadelphia County
APN: 871171900
Home facts updated by county records on Apr 11, 2023
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
Historical weather
Philadelphia, PA • 19146
Average low and high temperatures (°F)
37
25
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29
59
40
67
48
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73
84
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79
64
69
53
57
43
43
30
Jan
Feb
Mar
Apr
May
Jun
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Aug
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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.
9 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$423,000 – $512,000
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