1511 W Allegheny Avenue
Philadelphia, PA 19132
- – beds
- – baths
- – sqft
- 5,624 sqft lot
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This is a fantastic opportunity for QOZ funds to invest in a high potential development project in a rapidly growing area of North Philly. The ability to build a 6 story building with 20 units, including 4 car parking on the first floor, makes this a highly attractive opportunity for investors. Additionally, the location is just one block away from the Broad Street Line, making it easily accessible for tenants. The demand for 1 bedroom units in this area is high, particularly among medical and dental students, ensuring a strong rental market. With development occurring in the surrounding blocks, this property is poised for success. Investing in this Qualified Opportunity Zone Fund could yield significant returns for investors.
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Last updated Apr 1, 2025
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MLS# PAPH2163100 —
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Cash
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Possession:Settlement
Location
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Directions:On Allegheny Ave.
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Latitude:40.00237656
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Longitude:-75.15512848
The Property
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Property Type:Land
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Property Subtype:Land
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Current Use:Land/Lot Only
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Lot Size Units:Square Feet
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Lot Size Acres:0.13
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Lot Size Source:Assessor
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Lot Size Dimensions:54.00 x 105.00
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Lot Dimensions Source:Assessor
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Lot SqFt:5,624 Sqft
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Additional Parcels:No
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Zoning:RSA3
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Farm Land Preservation:No
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Land Use Code:SR
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 607-6007
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:112001350
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Tax Year:2023
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Tax Lot:42
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Tax Annual Amount:$342
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Tax Assessed Value:$24,500
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Year Assessed:2023
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School Tax:188.0
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City/Town Tax:154.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Utilities
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Sewer/Septic:Public Sewer
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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HOA:No
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/20/24
Jun 20, 2024
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Sold | BRIGHT | $165,000 | -17.1% |
5/29/24
May 29, 2024
|
Sold Subject To Contingencies | BRIGHT | $199,000 | |
12/19/23
Dec 19, 2023
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Price Changed | BRIGHT | $199,000 | -33.4% |