1324 Locust St, Unit 1422
Description
Add a turnkey, low-maintenance asset to your portfolio in the beautifully renovated Arts Condominium, ideally positioned on Philadelphia’s iconic Avenue of the Arts. This well-maintained studio condo offers strong rental appeal for medical, university, and Center City professionals seeking convenience, security, and all-in living. Current income profile: the unit is newly occupied with rent at $980/month...Investment Opportunity – 1324 Locust St #1422 | The Arts Condominium | Center City Philadelphia
Add a turnkey, low-maintenance asset to your portfolio in the beautifully renovated Arts Condominium, ideally positioned on Philadelphia’s iconic Avenue of the Arts. This well-maintained studio condo offers strong rental appeal for medical, university, and Center City professionals seeking convenience, security, and all-in living. Current income profile: the unit is newly occupied with rent at $980/month + $120 utilities = $1,100/month total collected. Investors will appreciate one of the building’s biggest value drivers: the monthly condo fee includes all utilities and core services, covering electric, gas, water, sewer, heat, A/C, DirectTV, trash removal, pest control, fitness center access, and common area maintenance—simplifying monthly budgeting and enhancing tenant retention. Inside, the unit features high ceilings, abundant natural light, and sweeping skyline and river views, a combination that consistently performs well in the rental market. Full-service building amenities support long-term desirability and hands-off ownership, including a newly remodeled Art Deco grand lobby, 24-hour concierge, controlled access, fitness center, laundry facilities, new elevators, and professional on-site management. Location is the demand engine. The condo sits steps from major employment and education hubs including Jefferson Hospital, Pennsylvania Hospital, Thomas Jefferson University, and the city’s arts and entertainment anchors like the Kimmel Center, Merriam Theater, and the Academy of Music, plus quick access to Rittenhouse Square, dining, shopping, and multiple public transit options. Whether you’re targeting stable occupancy, a Center City rental, or a plug-and-play holding, Unit #1422 offers an efficient path to owning in one of Philadelphia’s most recognizable buildings. Schedule a private showing today.
- Listed by William B Spinner • Real Broker, LLCP: (856)-418-7852 brandon@njpropertyexchange.com
- Listed by Richard M Lauletta • Real of PennsylvaniaP: (856)-278-5509 richlauletta@gmail.com
Property Details for 1324 Locust Street, Unit 1422
Property Details for 1324 Locust Street, Unit 1422
| Status | Active |
|---|---|
| MLS # | PAPH2541758 |
| Days on Market | 76 |
| Taxes | $1,287 / year |
| HOA Fees | - |
| Condo/Co-op Fees | $520 / month |
| Compass Type | Condo |
| MLS Type | Residential / Condo |
| Year Built | 1900 |
| County | Philadelphia County |
Location
Building Information for 1324 Locust Street, Unit 1422
Payment Calculator
$1,121 per month
30 year fixed, 6.28% Interest
$494
$107
$520
Property Information for 1324 Locust Street, Unit 1422
- Transportation: Airport less than 10 miles, Bus Stop less than 1 mile
- School District Name: PHILADELPHIA CITY
- School District County ID: 803408593408
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19107 (19107)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- HOA Name: THE ARTS CONDOMINIUM
- HOA Condo Coop Fee Includes: High Speed Internet, Electricity, Health Club, Heat, Common Area Maintenance, Trash, Sewer, Water
- HOA Condo Coop Amenities: Bar/Lounge, Elevator, Exercise Room, Fitness Center, Laundry Facilities, Meeting Room
- Other Fees: $350
- Other Fees Frequency: One Time
- Senior Community: No
- Capital Contribution Amount: $2,600
- Type of Condo: Condo/Coop Association
- Tax Year: 2025
- Tax Assessed Value: $92,000
- Year Assessed: 2025
- County Tax: $0
- Improvement Assessed Value: $83,700
- City Town Tax: $566
- Land Assessed Value: $8,300
- Clean Green Assessed: No
- Land Use Code: 590
- Zoning: CMX5
- Tax Lot: 582
- School Tax: $721
- Automatically Update Tax Values Y/N: Yes
- Pets Allowed: Yes
- Pet Restrictions: Pet Addendum/Deposit, Size/Weight Restriction, Number Limit, Breed Restrictions
- # Bedrooms Count Main Level: 0
- # Bathrooms Count Main Level: 1
- # Bathrooms Full Main Level: 1
- Stories: Main
- Total Finished SQFT: 319.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 319.00
- Total SQFT: 319.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Room and Floor: Bathrooms Full-Main Level-1
- # Bathrooms Full: 1
- Lot Size Dimensions: 0.00 x 0.00
- Lot Dimensions Source: Assessor
- Parcel ID: 4834120
- Ground Rent Exists: No
- Type Of Parking: None
- Fireplace: No
- Appliances: Cooktop, Refrigerator
- Accessibility Features: Elevator
- Security Features: 24 hour security, Desk in Lobby
- Laundry Type: Common
- Spa: No
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: None
- Heating Type: Radiant
- Heating Fuel: Other
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Gloucester Salem Counties Board of REALTORS
- List Agent URL: NJPropertyExchange.com
Property History for 1324 Locust Street, Unit 1422
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Sep 29, 2025 | Listed (Active) BRIGHT #PAPH2541758 | — | |
| Sep 29, 2025 | Temp Off Market BRIGHT #PAPH2541758 | — | |
| Sep 29, 2025 | Listed (Active) BRIGHT #PAPH2541758 | $100,000 | — |
| Nov 8, 2006 | Closed (Public Record) Public Record #240363833 | $169,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 09/29/2025 | Listed (Active) BRIGHT #PAPH2541758 | — |
| 09/29/2025 | Temp Off Market BRIGHT #PAPH2541758 | — |
| 09/29/2025 | Listed (Active) BRIGHT #PAPH2541758 | $100,000 |
| 11/08/2006 | Closed (Public Record) Public Record #240363833 | $169,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1324 Locust Street, Unit 1422
Schools near 1324 Locust Street, Unit 1422
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
McCall Gen George A School PublicK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Academy At Palumbo Public9 to 12 | ||
Creative And Performing Arts 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.
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Listing Courtesy of Real Broker, LLC; Real of Pennsylvania
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.