$10,000 Closing Credit¹
Jennifer Grosskopf, Listing Office: KW Empower
$10,000
closing credit¹
1501 Reed St Philadelphia, PA 19146
$1,100,000 List price
$10,000
Closing credit¹
4,320 sqft
0.03 acres
$255 / sqft
House
Property details
About 1501 Reed St
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 self contained, 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.
Highlights
Home typeOther
HeatingCentral
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air
Size4,320 sqft
BasementYes
Lot size0.03 Acres
Year built1915
ParkingOn Street
MLS #PAPH2436340
Summary
- MLS Number: PAPH2436340
- MLS Name: BRIGHT
- Office Name: Compass Pennsylvania, LLC
- Office Phone: (267) 435-8015
- Office Email: marianne.dillon@compass.com
- Listing Agent: Kate Federico
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/23/2025, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,100,000
1501 Reed St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 29, 2016 | Home Sold | $572,000 |
| Oct 08, 2008 | Home Sold | $550,000 |
| Apr 24, 2006 | Home Sold | $165,000 |
| Mar 28, 2006 | Home Sold | $140,600 |
| Feb 08, 2006 | Home Sold | $20,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2020 | $0 | $7,442 |
| 2019 | $530,400 | $7,424 |
| 2017 | $118,700 | $1,661 |
History based on county public records data.
Nearby schools
3
Stephen Girard Elementary School
Public District KG-4
0.7 mi
•1800 Snyder Ave
5
Francis Scott Key School
Public District KG-6
1.0 mi
•2230 S 8th St
7
Abram Stockton Jenks School
Public District KG-5
1.0 mi
•2501 S 13th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,750. The majority of Philadelphia, PA residents have income less than $<35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
51%
<35k
33%
35k-100k
12%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
63%
Single, No Kids
17%
Single, with Kids
11%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
8%
12-17 yrs old
32%
18-34 yrs old
38%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Music Concerts
Where do the neighbors shop?
IKEA
Crate & Barrel
H&M
Where do the neighbors go to eat?
Quiznos
Starbucks
Chipotle
What do the neighbors drive?
Lexus
BMW
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary
News- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1501 Reed St
This home is located at 1501 Reed St in Philadelphia, PA and zip code 19146 in the South Philadelphia neighborhood. This 4,320 square foot home, which was built in 1915, sits on a 0.03 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 20, 2025 and is currently priced at $1,100,000.
Philadelphia, PA housing market in December 2024 saw over 218 listings sold above listed price, more than 229 sold at listed price and over 580 sold below. Between November and December 2024, Philadelphia, PA real estate market has seen decrease in the number of listings by 2.3%. In December 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $267,873.
From Rocket Homes Real Estate and based on county public records data.