Sold
Last Sold Price
5 beds3 baths2,430 sqft
1315 Reed St, Philadelphia, PA 19147
Multi FamilyProperty Type
0.03 acresLot Size
1960Year Built
$185/sq ftPrice per sq ft

Description

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...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!
  • Listed by: Elan Elkaim 215.960.9537 elan@elkaimpropertygroup.com • KW Philly
Listing closed: 04/28/2023 12:00 AM • Source: BRIGHT, MLS#: PAPH2218994

Recent comparable sales

Median sold price

$512,000

Avg days on market

50

Sale-to-list ratio

93.8%

Philadelphia, PA

9 comparable properties found

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Location

Listing Courtesy of KW Philly

Sold By KW Philly

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Property Information for 1315 Reed Street

Property Details
  • Taxes: $9,697 / year
  • MLS Type: Multi-Family / Fee Simple
  • Tax ID Number: 012411400
  • Ownership: Fee Simple
  • Structure Type: Interior Row/Townhouse
  • Style: Traditional
  • Waterfront: No
  • Garage: No
  • Subdivision: PASSYUNK SQUARE
  • Subdivision: PASSYUNK SQUARE (PHILADELPHIA PA)
  • Municipality: PHILADELPHIA
  • Central Air: No
  • Basement: Yes
  • Above Grade Finished SQFT: 2,430.00
  • Above Grade Fin SQFT Source: Assessor
  • Below Grade Finished SQFT: .00
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Unfinished SQFT: .00
  • Below Grade Unfin SQFT Source: Assessor
  • Total Below Grade SQFT: .00
  • Total Below Grade SQFT Source: Assessor
  • New Construction: No
Building Information
  • Residences: 2
  • Year Built: 1960
  • Lot Size: 0.03 AC / 1,361 SF
Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19147 (19147)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $692,800
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $554,240
  • City Town Tax: $4,376
  • Land Assessed Value: $138,560
  • Clean Green Assessed: No
  • Land Use Code: U50
  • Zoning: RSA5
  • Tax Lot: 82
  • School Tax: $5,321
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: Some
  • Number Of Units Vacant: 1
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Beds Total: 1
  • Full Baths Count: 1
Building Info
Building Info
  • Building Units Total: 2
  • Total Finished SQFT: 2,430.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 18.00 x 76.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 880915
Parking
Parking
  • Type Of Parking: Other
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Radiator, Baseboard - Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 1315 Reed Street

DateEvent & SourcePriceAppreciation
Apr 28, 2023

Closed (Public Record)

Public Record #1510071366

$450,000

+27.5% / yr

Apr 28, 2023

Closed

BRIGHT #PAPH2218994

$450,000
Apr 1, 2023

Pending

BRIGHT #PAPH2218994

DateEvent & SourcePrice
04/28/2023

Closed (Public Record)

Public Record #1510071366

$450,000

+27.5% / yr

04/28/2023

Closed

BRIGHT #PAPH2218994

$450,000
04/01/2023

Pending

BRIGHT #PAPH2218994

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1315 Reed Street

Taxable ValueLand$116,620Additions$466,480Total$583,100
Tax Record2026$8,428 ($702 / month)
Home Facts
Beds5Baths3Total Finished SqFt2,430 SqFtAbove Grade Finished SqFt2,430 SqFtStories2Lot Size1,361 SqFtStyleTownhouseYear Built1960Year Renovated1960ZoningRSA5CountyPHILADELPHIAAPN01-2411400

Schools near 1315 Reed Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Fanny Jackson Coppin School
PublicPK to 8

Furness Horace High School
Public9 to 12

Academy At Palumbo
Public9 to 12

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.

Passyunk Square
Passyunk Square
Philadelphia’s culinary haven. Amidst the quiet, brick-lined streets of South Philadelphia lies Passyunk Square—one of the city’s most vibrant and magnetic neighborhoods. It is also home to what has been called one of the best foodie streets in the country. An organically growing community that...

Neighborhood Map and Transit

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Philly

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.