309 North Lawrence Street

Philadelphia, PA 19106

$875,000
Last Sold Price
3
Beds
3
Baths
3,312 Sq. Ft.
$264 / Sq. Ft.
3,312
Sq. Ft.
$264
per Sq. Ft.

Description

Searching for a unique investment in one of Philadelphia's most coveted neighborhoods? Looking for a building that you could see yourself living in with the potential to rent out the other unit? Then welcome to 309, a 12 year old duplex tucked away in Old City's most charming block, North Lawrence St. The home is currently vacant with the occasional airbnb guest. The building could easily command $66k per year to long term tenants. An eye shot away from parks, shops, restaurants and access to 95...Searching for a unique investment in one of Philadelphia's most coveted neighborhoods? Looking for a building that you could see yourself living in with the potential to rent out the other unit? Then welcome to 309, a 12 year old duplex tucked away in Old City's most charming block, North Lawrence St. The home is currently vacant with the occasional airbnb guest. The building could easily command $66k per year to long term tenants. An eye shot away from parks, shops, restaurants and access to 95 & the Ben Franklin Bridge. This amazing duplex has sizable rooms, soaring ceilings, multiple outdoor spaces and a front loading garage! Not to mention the favorable zoning for the density increase of more units if desired. This home is Offered with a larger package of property within 1 min walk of each other. A quadplex with front loading garage and raw land to build on.
  1. Listed by Richard K Cassell • Keller Williams Philly
    P: 2156076007 rcassell@kw.com

Property Details for 309 North Lawrence Street

Tax ID Number
056212500
Ownership
Fee Simple
HOA
No
Structure Type
Twin/Semi-Detached
Style
Bi-level
Waterfront
No
Garage
Yes
Municipality
PHILADELPHIA

Location

Listing Courtesy of Keller Williams Philly

Sold By Keller Williams Philly

Add your commute
LISTING UPDATED: 09/01/2023 05:20 PM

Property Details for 309 North Lawrence Street

StatusClosed
MLS #PAPH996518
Days on Market260
Taxes$11,508 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2005
Lot Size0.03 AC / 1,120 SF
CountyPhiladelphia County

Location

Listing Courtesy of Keller Williams Philly

Sold By Keller Williams Philly

Add your commute

Building Information for 309 North Lawrence Street

Stories-Residences2Year Built2005Building Size-Lot Size0.03 AC / 1,120 SF

Payment Calculator

$5,734 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,775

Property Taxes

$959

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 309 North Lawrence Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19106 (19106)
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: 2021
  • Tax Assessed Value: $822,100
  • Year Assessed: 2021
  • Improvement Assessed Value: $611,718
  • City Town Tax: $5,193
  • Land Assessed Value: $210,382
  • Clean Green Assessed: No
  • Land Use Code: P60
  • Zoning: CMX3
  • Tax Lot: 90
  • School Tax: $6,315
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Lease Information
Lease Information
  • Owner Pays: Water
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 0
  • Number Of Units Vacant: 2
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Level: 1
  • Beds Total: 1
  • Half Baths Count: 1
  • Full Baths Count: 1
  • Unit Type Features: 12 foot ceilings, rear yard, garage parking, wet bar, 2nd floor living/ dining & front 2nd fl balcony.
  • Total Rooms: 4
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: No
  • Level: 3
  • Beds Total: 2
  • Full Baths Count: 2
  • Unit Type Features: Large living and dining, galley kitchen, bedrooms on either end each with large decks facing the park.
  • Total Rooms: 4
Financial Information
Expenses
  • Operating Expense: $2,640
  • Operating Expense Includes: Insurance, Snow Removal
  • Insurance Expense: $2,455
  • Maintenance Expense: $720
Financial Information
  • Gross Income: $72,000
  • Net Operating Income: $55,287
  • Annual Rental Income: $72,000
  • Cap Rate: 5.80
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 16.00 x 70.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 908742
Parking
Parking
  • Type Of Parking: Attached Garage
  • Num of Attached Garage Spaces: 1
  • Total Garage Spaces: 1
  • Garage Features: Additional Storage Area, Covered Parking, Garage - Front Entry, Garage Door Opener, Inside Access
Interior Features
Interior Features
  • Fireplaces Count: 0
  • Accessibility Features: None
  • Security Features: Security Gate
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer

Property History for 309 North Lawrence Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 309 North Lawrence Street

Taxable ValueLand$175,000Additions$700,000Total$875,000
Tax Record2023$12,248 ($1,021 / month)
Home Facts
Beds0Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt3,120 SqFtStories4Lot Size1,120 SqFtStyleCondominiumYear Built2005ZoningCMX3CountyPHILADELPHIAAPN05-6-2125-00

Schools near 309 North Lawrence Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
McCall Gen George A School
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Middle Years Alternative School
Public5 to 8

Arts Academy at Benjamin Rush
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.

Similar Homes

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Listing Courtesy of Keller Williams Philly

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.