701 Reed Street

Closed 10/3/25

Sold

Last Sold Price

$360,000

2,983 sqft$121/sqft

701 Reed St, Philadelphia, PA 19147

Multi FamilyProperty Type

1,343 sq ftLot Size

1925Year Built

$121/sq ftPrice per sq ft

Description

Investment opportunities await! This very flexible triplex is nestled between Queens Village and the Passyunk area of South Philly. Just blocks from South Street, and loads of famous Philly institutions like Pat's Steaks, the Italian Market, Johns Water Ice, and so much more. The first floor features a sizable commercial space (most recently used as a pottery studio), with a separate living room and bathroom with laundry. On the second floor is a sensible and stylish one bedroom apartment with a...Investment opportunities await! This very flexible triplex is nestled between Queens Village and the Passyunk area of South Philly. Just blocks from South Street, and loads of famous Philly institutions like Pat's Steaks, the Italian Market, Johns Water Ice, and so much more. The first floor features a sizable commercial space (most recently used as a pottery studio), with a separate living room and bathroom with laundry. On the second floor is a sensible and stylish one bedroom apartment with a living and a full kitchen. There's plenty of natural light and the hardwood floors accentuate the charm. The third floor apartment has a separate entrance and features 2 large bedrooms, a large kitchen and a living room. With the right touch, this property is an investment gem, great layouts and superbly located. Call for an appointment today.

Listing closed: 10/03/2025 12:00 AM • Source: BRIGHT, MLS#: PAPH2430348

Recent comparable sales

Median sold price

$480,000

Avg days on market

114

Sale-to-list ratio

92.8%

1/21

$467,500

Sold 11/26/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,688
Square Feet: 0.02
Acres

814 South 9th Street, Philadelphia, PA 19147

1/56

$480,000

Sold 11/18/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,550
Square Feet: 0.02
Acres

1311 South 9th Street, Philadelphia, PA 19147

1/39

$520,000

Sold 12/13/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,816
Square Feet: 0.02
Acres

1149 South 11th Street, Philadelphia, PA 19147

1/30

$413,000

Sold 06/15/26

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,880
Square Feet: 0.05
Acres

1729 Master Street, Philadelphia, PA 19121

a front view of a house with parking space

1/17

$325,000

Sold 06/13/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,350
Square Feet: 0.03
Acres

623 Tasker Street, Philadelphia, PA 19148

a view of a car park in front of building

1/9

$362,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: 2,256
Square Feet: 0.03
Acres

2200 South 20th Street, Philadelphia, PA 19145

1/45

$790,000

Sold 02/17/26

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,100
Square Feet: 0.04
Acres

1183 South 13th Street, Philadelphia, PA 19147

1/4

$670,000

Sold 11/01/24

Unavailable
Bedrooms: Unavailable
Bathrooms: 3,320
Square Feet: 0.03
Acres

1926 South 7th Street, Philadelphia, PA 19148

a front view of a building with parking space

1/26

$640,000

Sold 05/08/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,970
Square Feet: 0.05
Acres

1305 Federal Street, Philadelphia, PA 19147

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Location

Listing Courtesy of Long & Foster Real Estate, Inc.

Sold By Realty Mark Cityscape

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$2,099 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,830

Property Taxes

$269

HOA Dues

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Property Information for 701 Reed Street

Property Details

Taxes: $3,229 / year
MLS Type: Multi-Family / Fee Simple
County: Philadelphia County
Tax ID Number: 012027100
Ownership: Fee Simple
Structure Type: End of Row/Townhouse
Style: Other
Waterfront: No
Garage: No
Municipality: PHILADELPHIA
Central Air: No
Above Grade Finished SQFT: 2,983.00
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: 3
Year Built: 1925
Lot Size: 0.03 AC / 1,343 SF

Location

School District Name: PHILADELPHIA CITY
School District County ID: 803408593408

SchoolDistrictSource: Listing Agent
County: PHILADELPHIA
MLS Area: 19147 (19147)

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

Tax Year: 2025
Tax Assessed Value: $230,700

Year Assessed: 2025
Improvement Assessed Value: $135,520
City Town Tax: $1,420
Land Assessed Value: $95,180
Clean Green Assessed: No
Land Use Code: W50
Zoning: RSA5
Tax Lot: 15
School Tax: $1,808
Automatically Update Tax Values Y/N: Yes
TaxDataUpdatedYN: No

Unit Information

Single Room Units Count: 1
One Bedroom Units Count: 1

Two Bedroom Units Count: 1
Three Bedroom Units Count: 0

Building Info

Building Units Total: 3
Total Finished SQFT: 2,983.00

Total Finished SQFT Source: Assessor
Tax Total Finished SQFT: 2,983.00
Total SQFT: 2,983.00
Total SQFT Source: Assessor
Construction Materials: Masonry
Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8035/4309/5898/803543095898_512_384_WM_RQfAfK93Xi7mUpJY.jpg
Foundation Details: Stone

Lot / Land Information

Lot Size Source: Assessor
Lot Size Dimensions: 27.00 x 50.00

Lot Dimensions Source: Assessor
Parcel ID: 877765
Ground Rent Exists: No

Parking

Type Of Parking: Off Site

Interior Features

Fireplace: No
Accessibility Features: None

Exterior Features

Pool: No Pool
Other Structures: Above Grade, Below Grade

Utilities

Heating: Yes
Cooling Type: Window Unit(s)

Cooling Fuel: Electric
Heating Type: Radiant
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Water Source: Public
Sewer Septic: Public Sewer

Confidential Data

Listing Office

List Agent AOR: Tri-County Suburban REALTORS

Property History for 701 Reed Street

Date	Event & Source	Price	Appreciation
Oct 3, 2025	Closed BRIGHT #PAPH2436516	$360,000	—
Oct 3, 2025	Closed BRIGHT #PAPH2430348	$360,000	—
Sep 4, 2025	Pending BRIGHT #PAPH2436516		—
Sep 4, 2025	Pending BRIGHT #PAPH2430348		—
Sep 4, 2025	Active Under Contract BRIGHT #PAPH2436516		—
Sep 4, 2025	Active Under Contract BRIGHT #PAPH2430348		—
Aug 6, 2025	Price Change BRIGHT #PAPH2436516	$399,000	—
Aug 6, 2025	Price Change BRIGHT #PAPH2430348	$399,000	—
Jul 18, 2025	Price Change BRIGHT #PAPH2436516	$475,000	—
Jul 18, 2025	Price Change BRIGHT #PAPH2430348	$475,000	—
May 8, 2025	Price Change BRIGHT #PAPH2430348	$530,000	—
May 8, 2025	Price Change BRIGHT #PAPH2436516	$530,000	—
Mar 27, 2025	Price Change BRIGHT #PAPH2436516	$550,000	—
Mar 27, 2025	Price Change BRIGHT #PAPH2430348	$550,000	—
Feb 19, 2025	Price Change BRIGHT #PAPH2430348	$600,000	—
Jan 17, 2025	Listed (Active) BRIGHT #PAPH2436516	$650,000	—
Dec 30, 2024	Listed (Active) BRIGHT #PAPH2430348	$650,000	—

Date	Event & Source	Price
10/03/2025	Closed BRIGHT #PAPH2436516	$360,000
10/03/2025	Closed BRIGHT #PAPH2430348	$360,000
09/04/2025	Pending BRIGHT #PAPH2436516	—
09/04/2025	Pending BRIGHT #PAPH2430348	—
09/04/2025	Active Under Contract BRIGHT #PAPH2436516	—
09/04/2025	Active Under Contract BRIGHT #PAPH2430348	—
08/06/2025	Price Change BRIGHT #PAPH2436516	$399,000
08/06/2025	Price Change BRIGHT #PAPH2430348	$399,000
07/18/2025	Price Change BRIGHT #PAPH2436516	$475,000
07/18/2025	Price Change BRIGHT #PAPH2430348	$475,000
05/08/2025	Price Change BRIGHT #PAPH2430348	$530,000
05/08/2025	Price Change BRIGHT #PAPH2436516	$530,000
03/27/2025	Price Change BRIGHT #PAPH2436516	$550,000
03/27/2025	Price Change BRIGHT #PAPH2430348	$550,000
02/19/2025	Price Change BRIGHT #PAPH2430348	$600,000
01/17/2025	Listed (Active) BRIGHT #PAPH2436516	$650,000
12/30/2024	Listed (Active) BRIGHT #PAPH2430348	$650,000

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

Schools near 701 Reed Street

This home is within The School District of Philadelphia.


Rating	School	Type	Grades	Distance
6/10	Kirkbride Eliza B School	Public - Serves this home	PK to 8	0.1 mi
2/10	Furness Horace High School	Public - Serves this home	9 to 12	0.6 mi
6/10	Arts Academy at Benjamin Rush	Public - Nearby school	9 to 12	14.2 mi
2/10	Swenson Arts & Technology High School	Public - Choice school	9 to 12	13.4 mi
5/10	Lankenau High School	Public - Choice school	9 to 12	10.4 mi
7/10	Hill-Freedman World Academy	Public - Choice school	6 to 12	9.7 mi
NR	St Thomas Aquinas School	Private - Nearby school	PK to 8	1.0 mi
NR	St. Thomas Aquinas	Private - Nearby school	PK to 8	0.9 mi
NR	True Gospel Tabernacle Learning Center	Private - Nearby school	PK to 4	0.9 mi


Rating	School	Distance
6/10	Kirkbride Eliza B School PublicPK to 8 Serves this home	0.1 mi
2/10	Furness Horace High School Public9 to 12 Serves this home	0.6 mi
6/10	Arts Academy at Benjamin Rush Public9 to 12 Nearby school	14.2 mi
2/10	Swenson Arts & Technology High School Public9 to 12 Choice school	13.4 mi
5/10	Lankenau High School Public9 to 12 Choice school	10.4 mi
7/10	Hill-Freedman World Academy Public6 to 12 Choice school	9.7 mi
NR	St Thomas Aquinas School PrivatePK to 8 Nearby school	1.0 mi
NR	St. Thomas Aquinas PrivatePK to 8 Nearby school	0.9 mi
NR	True Gospel Tabernacle Learning Center PrivatePK to 4 Nearby school	0.9 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 701 Reed Street, Philadelphia, PA 19147	$360,000	–	–	2,983	1,343
701 Reed Street, Unit 3, Philadelphia, PA 19147	$360,000	4	3	2,805	1,081
705 Reed Street, Philadelphia, PA 19147	–	–	–	1,456	–
1340 South 7th Street, Philadelphia, PA 19147	$123,000	3	1	1,050	769
1338 South 7th Street, Philadelphia, PA 19147	$161,000	5	2	1,440	744
707-9 Reed Street, Philadelphia, PA 19147	$339,000	2	1	3,520	1,763
707 Reed Street, Unit 9, Philadelphia, PA 19147	$339,000	3	1	1,748	1,763
1336 South 7th Street, Philadelphia, PA 19147	$340,000	4	1	1,440	720
1400 South 7th Street, Philadelphia, PA 19147	$365,000	3	2	1,734	669
1334 South 7th Street, Philadelphia, PA 19147	$329,900	3	3	1,620	737
704 Earp Street, Philadelphia, PA 19147	$50,000	4	1	1,628	773
1345 South 7th Street, Philadelphia, PA 19147	$42,000	6	3	992	992
1402 South 7th Street, Philadelphia, PA 19147	$115,000	4	2	1,440	632
1347 South 7th Street, Philadelphia, PA 19147	–	–	1	1,666	–
1343 South 7th Street, Philadelphia, PA 19147	$123,000	4	2	2,100	992
713 Reed Street, Philadelphia, PA 19147	–	5	2	1,925	939

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Listing Courtesy of Long & Foster Real Estate, Inc.

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.

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