NEW PRICE. Welcome to 2623 Reed Street, a brand-new construction home ideally located in the heart of Grays Ferry. This thoughtfully designed residence offers around 2,800 square feet of modern living space spread across three stories, including a finished basement and a private rooftop deck with stunning views of the Philadelphia skyline. The exterior features timeless red brick with black-trimmed windows and iron railings, providing classic curb appeal with a contemporary edge. Inside, the open-concept main living level is flooded with natural light and showcases hardwood floors, sleek cabinetry with striking tan lower cabinets, a large island, and high-end appliances. The upper levels include spacious bedrooms, ample closet space, and spa-inspired bathrooms with custom tilework and modern finishes. The third-floor primary suite features a luxurious walk-in closet and direct access to the pilot house leading to the expansive rooftop deck, ideal for entertaining or relaxing above the city. Additional highlights include a finished basement with laundry and utility space, energy-efficient systems, and a full sprinkler system for added safety. Located just moments from Point Breeze, Graduate Hospital, and University City, this home offers convenient access to parks, dining, public transit, and major highways. 10-year tax abatement.
TownhomeProperty Type
970 sq ftLot Size
$186Price/Sq.Ft.
Listed by Devin Dinofa• Keller Williams Realty - Moorestown
•856-316-1100 (broker)
•klrw984@kw.com (broker)
Listed by Thomas Wenger• Keller Williams Realty - Moorestown
Grays Ferry, located between the Schuylkill River and Point Breeze, is a residential and industrial Philadelphia neighborhood with rowhouse blocks and riverfront infrastructure. The neighborhood’s character concentrates around Grays Ferry Avenue at Washington Avenue, where corner delis, auto shops, and small storefronts line a steady stream of traffic. Bartram’s Garden anchors the area with riverside paths and historic grounds. The Schuylkill River Trail adds a long, linear corridor for walking and biking along the water. Brick twins and porch-front rows mix with warehouses and rail-adjacent streetscapes. I-76 and the Grays Ferry Bridge frame the edges with a constant sense of motion.
Provided by Walk Score and Local Logic
Market insights
2623 Reed St · $519,900
DAYS ON MARKET
77 days
The average home goes pending in 50 days.
SALE-TO-LIST
98.1%
Most homes are selling 2% below list price.
LIST PRICE
$519,900
Median list price in this area is $248,226. (52% lower than this home)
PRICE DROP
2 price drops
22% of homes in this area have had a price drop in the past month.
Incredible opportunity in an ideal location of Grays Ferry! The lot itself is close to Point Breeze, Graduate hospital and University City. This location is less than one block from a community garden and walkable to center city for nightlife. There are multiple new construction homes within blocks, so this property is ready for a savvy investor to develop a great home. With large yard, and plenty of options for designs and layout, the size of this lot is much larger than the others that sold for over $500k. With the adjacent lot also for sale by the same Seller, economies of sale can help decrease costs to build, and help increase ARV. Projected return is nearly 24%. Don't miss this awesome investment opportunity! Also available as a package deal with 2625 Reed St.
BRIGHT MLS #PAPH2198532
Aug 29, 2023
Listing Removed
—
Jan 30, 2023
Listed
$112,500
$40/sq ft
BRIGHT MLS #PAPH2106126
Jun 30, 2022
Listing Removed
—
Apr 18, 2022
Listed
$130,000
$46/sq ft
BRIGHT MLS #PAPH2032126
Nov 22, 2021
Listing Removed
—
Sep 20, 2021
Listed
$130,000
$46/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$1,811
$129,400
2025
$1,811 (+9.6%)
$129,400
2024
$1,653
$118,100
2023
$1,653 (+446.8%)
$118,100
2022
$302
$21,600
2021
$302
$21,600
2020
$302
$21,600
2019
$302
$21,600
2018
$302 (+0.1%)
$21,600
2017
$302 (+103.0%)
$21,600
2015
$149 (+0.5%)
$11,100
2014
$148 (+115.1%)
$11,100
2013
$69 (+3.6%)
$704
2012
$66
$704
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
15 ft.
Lot depth
64 ft.
Lot size
970 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Townhouse
County
Philadelphia County
APN
362112100
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 11, 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
Dec 1, 2025 • Final
Residential building
Construct a new three-story attached single-family home with a wood-frame structure on reinforced concrete foundations. The project includes a roof deck and a roof deck access structure. The building will be fully sprinklered and must comply with energy codes.
Fire sprinkler
New construction
Nov 25, 2025 • Final
Mechanical
Work on a mechanical and fuel gas permit.
Gas
New construction
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.
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
79/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.9 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2623 Reed St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $165,500 and $389,900.
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $166K to $390K.