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1315 Reed Street

Philadelphia, PA 19147

– beds
– baths
2,430 sqft
1,361 sqft lot
$185 per sqft
1960 build

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Welcome to 1315 Reed St, a highly sought-after triplex located in the heart of Passyunk Square! This property offers a unique opportunity for investors to own a prime piece of real estate in one of the city's most desirable locations. Boasting an impressive rental history, this triplex features two long-standing tenants. The third unit is currently vacant, offering the potential for increased cash flow or an opportunity for an owner-occupant to live in one unit while renting out the others. This property is perfectly situated just steps away from all of the amazing restaurants and shops on East Passyunk Ave! With the Broad St Line subway station nearby, commuting around the city has never been easier. Don't miss your chance to own this fantastic investment property in one of Philadelphia's hottest neighborhoods. With its prime location, solid rental history, and value-add potential, this triplex is sure to attract a lot of attention from savvy investors. Schedule your viewing today!

Listing courtesy of BRIGHT / KW Philly

Last checked: Checking… • Last updated Apr 17, 2024 •

MLS# PAPH2218994 —

The Building

Year Built:

1960
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Structure Type:

Interior Row/Townhouse
Architectural Style:

Traditional
Building Units Total:

2
Accessibility Features:

None
Foundation Details:

Other
Basement:

Yes
Basement Type:

Full
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2430

Interior

Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2430
Living Area SqFt:

2,430 Sqft

Financial & Terms

Sale Type:

Standard
Buyer Financing:

Cash
Possession:

Immediate

Location

Directions:

Between S Clarion St and Reed St
Latitude:

39.93290329
Longitude:

-75.16629791

The Property

Property Type:

Multi-Family
Property Sub Type:

Triplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

18.00 x 76.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,361 Sqft
Zoning:

RSA5
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

U50
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

012411400
Tax Year:

2022
Tax Lot:

82
Tax Annual Amount:

$9,697
Tax Assessed Value:

$692,800
Year Assessed:

2023
School Tax:

5321.0
City/Town Tax:

4376.00
Total Taxes Pymnt Freq:

Annually

The Listing

Close Sale Type:

Standard Sale
Transaction Broker Compensation:

2.5
Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Radiator, Baseboard - Hot Water
Heating Fuel:

Natural Gas

Utilities

Sewer Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

Passyunk Square
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

Other

Extra Units

Other Units:

Unit 1,Unit 2,Unit 3
Vacation Rental:

No
Units Furnished:

Some
One Bedroom Units:

1
Two Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/28/23 Apr 28, 2023	Sold	BRIGHT	$450,000	12.5%
4/3/23 Apr 3, 2023	Sold Subject To Contingencies	BRIGHT	$400,000
3/31/23 Mar 31, 2023	Listed / Active	BRIGHT	$400,000

Multifamily Sold on 4/28/2023

$450,000

Listing provided by broker:

Elan Elkaim

KW Philly

(215) 607-6007

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Listing Courtesy of: BRIGHT and KW Philly.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

1315 Reed Street

Philadelphia, PA 19147