Investment opportunities await! This very flexible triplex is nestled between Queens Village and the Passyunk area of South Philly. Just blocks from South Street, and loads of famous Philly institutions like Pat's Steaks, the Italian Market, Johns Water Ice, and so much more. The first floor features a sizable commercial space (most recently used as a pottery studio), with a separate living room and bathroom with laundry. On the second floor is a sensible and stylish one bedroom apartment with a living room and a full kitchen. There's plenty of natural light and the hardwood floors accentuate the charm. The third floor apartment has a separate entrance and features 2 large bedrooms, a large kitchen and a living room. With the right touch, this property is an investment gem, great layouts and superbly located. Call for an appointment today.
Sold for $360,000 on 10/03/25
$360,000
701 Reed St, Philadelphia, PA 19147
3beds
2,983sqft
Townhouse
Built in 1925
1,343 Square Feet Lot
$362,400 Zestimate®
$121/sqft
$2,082 Estimated rent
Home value
$362,400
$337,000 - $391,000
$2,082/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 03, 2025 at 05:01pm
Listed by:
Arthur Herling 215-431-3944,
Long & Foster Real Estate, Inc.
Bought with:
Jack Shi, RS331053
Realty Mark Cityscape
Source: Bright MLS,MLS#: PAPH2436516
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Radiant, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Other
- Has fireplace: No
Interior area
- Total structure area: 2,983
- Total interior livable area: 2,983 sqft
- Finished area above ground: 2,983
- Finished area below ground: 0
Property
Parking
- Parking features: Off Site
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Size: 1,343 sqft
- Dimensions: 27.00 x 50.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 012027100
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Stone
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Subdivision: Passyunk Square
- Municipality: PHILADELPHIA
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Sold | $360,000-9.8%$121/sqft |
Source:  Bright MLS #PAPH2436516 | ||
| 9/7/2025 | Contingent | $399,000$134/sqft |
Source: Bright MLS #PAPH2430348 | ||
| 8/6/2025 | Price change | $399,000-16%$134/sqft |
Source: Bright MLS #PAPH2430348 | ||
| 7/18/2025 | Price change | $475,000-10.4%$159/sqft |
Source: Bright MLS #PAPH2436516 | ||
| 5/8/2025 | Price change | $530,000-3.6%$178/sqft |
Source: Bright MLS #PAPH2430348 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Passyunk Square
Nearby schools
GreatSchools rating
- 5/10Kirkbride Eliza B SchoolGrades: PK-8Distance: 0.1 mi
- 3/10Furness Horace High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Philadelphia City
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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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$362,400
2% more+ $7,248
With Zillow Showcase(estimated)
$369,648