1218 Pratt St
Description
Investor opportunity to acquire two side-by-side legal duplexes being sold only as a package with 1218 Pratt St. Each property includes one tenant-occupied unit generating $1,000/month and one vacant unit requiring renovation. Properties are priced to reflect current condition and value-add potential. Buyers should expect renovations and are encouraged to conduct due diligence prior to scheduling showings. Active rental licenses are...Package Sale – Two Legal Duplexes on Pratt Street (Sold Together)
Investor opportunity to acquire two side-by-side legal duplexes being sold only as a package with 1218 Pratt St. Each property includes one tenant-occupied unit generating $1,000/month and one vacant unit requiring renovation. Properties are priced to reflect current condition and value-add potential. Buyers should expect renovations and are encouraged to conduct due diligence prior to scheduling showings. Active rental licenses are in place. Strong rental demand in this corridor for both market-rate and Section 8 tenants. Sale is as-is. Buyer responsible for U&O, inspections, and all certifications. Pro forma available upon request. Properties will not be sold separately.
- Listed by Warren F. Nelson • ISS Realty, LLCP: (215)-795-0207 warrennelson@realtyagent.com
Property Details for 1218 Pratt Street
Property Details for 1218 Pratt Street
| Status | Active |
|---|---|
| MLS # | PAPH2544604 |
| Days on Market | 169 |
| Taxes | $2,568 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1925 |
| Lot Size | 0.03 AC / 1,395 SF |
| County | Philadelphia County |
Location
Building Information for 1218 Pratt Street
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$1,104 per month
30 year fixed, 6.11% Interest
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$214
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1Property Information for 1218 Pratt Street
- School District Name: PHILADELPHIA CITY
- School District County ID: 803408593408
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19124 (19124)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2025
- Tax Assessed Value: $183,500
- Year Assessed: 2025
- County Tax: $0
- Improvement Assessed Value: $146,800
- City Town Tax: $1,130
- Land Assessed Value: $36,700
- Clean Green Assessed: No
- Land Use Code: R30
- Zoning: RSA5
- Tax Lot: 164
- School Tax: $1,438
- Automatically Update Tax Values Y/N: Yes
- Owner Pays: Taxes - Real Estate, Insurance
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Units Furnished: None
- Number Of Units Vacant: 1
- Number Of Units Month To Month: 1
- Operating Expense: $4,000
- Insurance Expense: $1,200
- Maintenance Expense: $1,000
- Gross Income: $11,400
- Net Operating Income: $7,410
- Income Includes: Apartment Rentals
- Cap Rate: 4.00
- Building Units Total: 2
- Total Finished SQFT: 1,392.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 1,392.00
- Total SQFT: 1,392.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Foundation Details: Brick/Mortar
- Lot Size Source: Assessor
- Lot Size Dimensions: 16.00 x 90.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1338449
- Type Of Parking: On Street
- Fireplace: No
- Accessibility Features: 32"+ wide Doors
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: None chosen (Non-REALTOR/Stockholder)
Property History for 1218 Pratt Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 3, 2025 | Listed (Active) BRIGHT #PAPH2544604 | $183,432 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/03/2025 | Listed (Active) BRIGHT #PAPH2544604 | $183,432 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1218 Pratt Street
Schools near 1218 Pratt Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 12 | |||
| Public - | 5 to 8 |
Rating | School | Distance |
|---|---|---|
PHILADELPHIA CS FOR ARTS AND S CharterK to 8 | ||
Frankford High School Public9 to 12 | ||
Widener Memorial School PublicK to 12 | ||
Middle Years Alternative School Public5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of ISS Realty, LLC
Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.