1501 Reed St

Philadelphia, PA 19146

$939,000
Price
7
Beds
6
Baths
4,320 Sq. Ft.
$217 / Sq. Ft.
4,320
Sq. Ft.
$217
per Sq. Ft.
Listed By Compass
Listed By Compass

Description

Calling ALL Investors. Prime Location in the heart of Philadelphia's Newbold neighborhood! This turn key SIX UNIT multi family building consists of SIX updated, separately metered & CENTRAL AIR units. This amazing CORNER building consists of (4) one bed one bath units , (1) two bed one bath unit and (1) one bedroom with den , 1 bath unit. Tons of natural light, high ceilings, generous closets. Whether you’re a seasoned investor, 1031 Exchange or exploring multifamily opportunities for the first time,...Calling ALL Investors. Prime Location in the heart of Philadelphia's Newbold neighborhood! This turn key SIX UNIT multi family building consists of SIX updated, separately metered & CENTRAL AIR units. This amazing CORNER building consists of (4) one bed one bath units , (1) two bed one bath unit and (1) one bedroom with den , 1 bath unit. Tons of natural light, high ceilings, generous closets. Whether you’re a seasoned investor, 1031 Exchange or exploring multifamily opportunities for the first time, this property offers solid location, functionality, and long-term value. Close proximity to local coffee shops & bakeries, Giant & Sprouts, Sports Complexes, Universities, Passyunk Square's trendy restaurants and Rittenhouse square retail, historic sites and more.

Listing Agents

  1. Kate Federico

    Kate Federico

    Listing Agent

    Compass

    katefederico@compass.com

    P: (215)-840-0049

    CallTextEmail
  2. Eric Fox

    Eric Fox

    Alternative Listing Agent

    Compass

    eric.fox@compass.com

    P: (267)-625-4504

    CallTextEmail

Property Details for 1501 Reed Street

Tax ID Number
881114101
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Expected On Market Date
01-21-2025
Subdivision
NEWBOLD
LISTING UPDATED: 08/22/2025 12:15 PM

Property Details for 1501 Reed Street

StatusActive
MLS #PAPH2436340
Days on Market329
Taxes$8,048 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.03 AC / 1,440 SF
CountyPhiladelphia County

Location

Add your commute

Building Information for 1501 Reed Street

Stories-Residences4Year Built1915Building Size-Lot Size0.03 AC / 1,440 SF

Payment Calculator

$5,311 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,640

Property Taxes

$671

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1501 Reed Street

Location
Location
  • Transportation: Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Airport less than 10 miles
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 803408593408
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19146 (19146)
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: 2025
  • Tax Assessed Value: $575,000
  • Year Assessed: 2025
  • Improvement Assessed Value: $402,500
  • City Town Tax: $3,541
  • Land Assessed Value: $172,500
  • Clean Green Assessed: No
  • Land Use Code: CA0
  • Zoning: RSA5
  • Tax Lot: 19
  • School Tax: $4,507
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 5
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Units Leased Count: 5
  • Number Of Units Vacant: 1
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Yearly
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 1
  • Full Baths Count: 1
Unit 4
  • Type: Unit 4
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 1
  • Full Baths Count: 1
Unit 5
  • Type: Unit 5
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Beds Total: 1
  • Full Baths Count: 1
Unit 6
  • Type: Unit 6
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Financial Information
  • Existing Lease Type: Month to Month, Yearly
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 4,320.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 18.00 x 80.00
  • Lot Dimensions Source: Assessor
  • Location Type: Urban
  • Parcel ID: 1125093
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: Other
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Natural Gas
  • Heating Type: Central
  • 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 1501 Reed Street

DateEvent & SourcePriceAppreciation
Aug 22, 2025

Price Change

BRIGHT #PAPH2436340

$939,000—
May 6, 2025

Price Change

BRIGHT #PAPH2436340

$995,000—
Jan 21, 2025

Listed (Active)

BRIGHT #PAPH2436340

$1,100,000—
Apr 26, 2016

Closed (Public Record)

Public Record #572530168

$572,000

+0.5% / yr

Sep 30, 2008

Closed (Public Record)

Public Record #265320997

$550,000

+62.8% / yr

Sep 30, 2008

Closed

BRIGHT #1005860124

$550,000—
Sep 10, 2008

Pending

BRIGHT #1005860124

—
Jul 23, 2008

Listed (Active)

BRIGHT #1005860124

$549,900—
Apr 12, 2006

Closed (Public Record)

Public Record #240287624

$165,000—
Apr 12, 2006

Closed

BRIGHT #PAPH242516

$165,000—
Dec 30, 2005

Pending

BRIGHT #PAPH242516

—
Dec 1, 2005

Listed (Active)

BRIGHT #PAPH242516

$189,000—
DateEvent & SourcePrice
08/22/2025

Price Change

BRIGHT #PAPH2436340

$939,000
05/06/2025

Price Change

BRIGHT #PAPH2436340

$995,000
01/21/2025

Listed (Active)

BRIGHT #PAPH2436340

$1,100,000
04/26/2016

Closed (Public Record)

Public Record #572530168

$572,000

+0.5% / yr

09/30/2008

Closed (Public Record)

Public Record #265320997

$550,000

+62.8% / yr

09/30/2008

Closed

BRIGHT #1005860124

$550,000
09/10/2008

Pending

BRIGHT #1005860124

—
07/23/2008

Listed (Active)

BRIGHT #1005860124

$549,900
04/12/2006

Closed (Public Record)

Public Record #240287624

$165,000
04/12/2006

Closed

BRIGHT #PAPH242516

$165,000
12/30/2005

Pending

BRIGHT #PAPH242516

—
12/01/2005

Listed (Active)

BRIGHT #PAPH242516

$189,000

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

Public Records for 1501 Reed Street

Taxable ValueLand$172,500Additions$402,500Total$575,000
Tax Record2025$8,049 ($671 / month)
Home Facts
Total Finished SqFt4,320 SqFtAbove Grade Finished SqFt4,320 SqFtStories3Lot Size1,440 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRSA5CountyPHILADELPHIAAPN88-1-1141-01

Schools near 1501 Reed Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Childs George W School
Public - PK to 8
South Philadelphia High School
Public - 9 to 12
Creative And Performing Arts
Public - 9 to 12
Academy At Palumbo
Public - 9 to 12
Rating
School
Distance
Childs George W School
PublicPK to 8

South Philadelphia High School
Public9 to 12

Creative And Performing Arts
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.

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More information about 1501 Reed Street, Philadelphia, PA 19146

1501 Reed Street is a multi-family home for sale in Philadelphia, PA 19146. This property was listed for sale on January 21, 2025 by Compass, it's currently listed at $939,000. It has been on the market for a total of 329 days and was last sold on April 26, 2016. This listing's school district is The School District of Philadelphia. Nearby schools include Childs George W School, South Philadelphia High School and Creative And Performing Arts. 1501 Reed Street is a 7-bed, 6-bath, 4,320 sqft multi-family home built in 1915.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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.