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.
Sold for $400,000 on 07/31/24
$400,000
1529 Reed St, Philadelphia, PA 19146
2beds
3baths
2,040sqft
Triplex
Built in 1915
-- sqft lot
$408,700 Zestimate®
$196/sqft
$1,995 Estimated rent
Home value
$408,700
$368,000 - $454,000
$1,995/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 23, 2024 at 02:20pm
Listed by:
Kevin McGettigan 856-347-0434,
OCF Realty LLC - Philadelphia
Bought with:
Chris Elwell, RM423714
Citified Realty & Property Management
Source: Bright MLS,MLS#: PAPH2311686
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Oven/Range - Electric, Refrigerator, Electric Water Heater
Features
- Ceiling Fan(s)
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 816 sqft
- Dimensions: 17.00 x 48.00
- Features: Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 871171900
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Masonry
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
HOA & financial
Other financial information
- Total actual rent: 38544
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2024 | Sold | $400,000-3.6%$196/sqft |
Source:  Bright MLS #PAPH2311686 | ||
| 6/10/2024 | Pending sale | $415,000$203/sqft |
Source: Bright MLS #PAPH2311686 | ||
| 3/28/2024 | Price change | $415,000-7.6%$203/sqft |
Source: Bright MLS #PAPH2311686 | ||
| 1/11/2024 | Listed for sale | $449,000$220/sqft |
Source: Bright MLS #PAPH2311686 | ||
| 10/1/2023 | Listing removed | $449,000$220/sqft |
Source: Bright MLS #PAPH2164022 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,417 -13.4% | $244,100 -13.4% |
| 2025 | $3,946 | $281,900 |
| 2024 | $3,946 +24.1% | $281,900 |
Find assessor info on the county website
Neighborhood: Point Breeze
Nearby schools
GreatSchools rating
- 4/10Childs George W SchoolGrades: PK-8Distance: 0.1 mi
- 3/10South Philadelphia High SchoolGrades: PK,9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Get a free Zillow Showcase℠ listing and you could sell for .
$408,700
2% more+ $8,174
With Zillow Showcase(estimated)
$416,874