$475,000

508 Federal St Philadelphia, PA 19147

$5,641
Closing credit¹
1,818 sqft
0.02 acres
$261 / sqft
Multi-Family

Property details

About 508 Federal St

****Highest and Best Offers due Monday, March 17th, 2025 at 7pm*** Gorgeous brick front home in Dickson Narrow, awaits its new owner. This home is currently set up as a duplex but can be easily converted into a single family. This home is perfect for house hacking that is so trendy right now; live in one unit and rent out the other. Rent in the area for one bedroom starts at $1,400 and could go to $1,800. And the bi-level with 4 bedrooms could be rented for $2,000 - $2,500 a month. Each unit has its own meters for electric and gas. Federal Street is a clean, sunny street with nice brick homes and newer construction homes on the block. Spring and fall comes, the house on the right with its tree blooming and during fall, autum leaves of red and gold really make this home look even nicer and more quaint. This home has the perfect location as you have easy access to hundreds of restaurants within one to two blocks (walking) radius. Truly a dream for commuters as buses are just around the corner. Jefferson Square Park across the street makes you want to cancel your gym membership right away. This is great for those who have pets and little ones to have easy access of the park and enjoy the fresh air. This area is so lively when spring time comes. This home is ideal for those working in the city and those who wants to live in the city without paying an arm and a leg to have a tiny place in inside of Center City. You can have the best of both worlds with this home and because of its location. Plenty of parking in the front for one or two cars. Due to its superb location, this home is perfect for many opportunities. Live in one unit rent it out longterm or try AirBnb as this is is close to Mummers Parade Museum, walking distance to Center City, Italian Market, Geno's Cheesesteak, Delaware River, Ikea, Supermarket across the street, hair salon, nail salons, boba tea galore. You name it Washington Ave has it and it's only on block from this property.

Highlights

Home typeDuplex
HeatingRadiant
StatusActive
(ACTIVE)
Size1,818 sqft
BasementYes
Lot size0.02 Acres
Year built1915
ParkingOn Street
MLS #PAPH2455574

Summary

  • MLS Number: PAPH2455574
  • MLS Name: BRIGHT
  • Office Name: Realty Mark Associates
  • Office Phone: (215) 376-4444
  • Listing Agent: Paris Luong
  • Agent Phone: (267) 684-8880
  • Agent Email: offersparis@gmail.com

IDX 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: 3/15/2025, 9:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$475,000

508 Federal St

$5,641

closing credit¹

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$342,100$4,788
2022$342,100$4,161
2021$-$4,161
2020$297,300$4,161
2019$274,400$3,841
2018$256,500$3,590
2017$256,500$3,590

History based on county public records data.

Nearby schools

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

1.3 mi

2501 S 13th St

3

Stephen Girard Elementary School

Public District KG-4

1.4 mi

1800 Snyder Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $31,343. Typical income of Philadelphia, PA residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

58%
<35k
26%
35k-100k
16%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

60%
Single, No Kids
9%
Single, with Kids
20%
Married, No Kids
11%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
4%
12-17 yrs old
36%
18-34 yrs old
39%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • TennisTennis
  • Men's TennisMen's Tennis
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Crate & BarrelCrate & Barrel
  • Nordstrom RackNordstrom Rack
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • The Cheesecake FactoryThe Cheesecake Factory
  • Boston MarketBoston Market

What do the neighbors drive?

  • BMWBMW
  • VolvoVolvo
  • AudiAudi

What do the neighbors listen to?

  • NewsNews
  • AlternativeAlternative
  • JazzJazz
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 508 Federal St in Philadelphia, PA and zip code 19147 in the South Philadelphia neighborhood. This 1,818 square foot home, which was built in 1915, sits on a 0.02 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 11, 2025 and is currently priced at $475,000.

In February 2025, from all listings sold in Philadelphia, PA there were more than 154 sold above asking price, over 396 sold below and more than 166 were sold right at the asked price. The number of listings in Philadelphia, PA increased by 10.7% between January and February 2025. The median list price of listings available in February 2025 was $268,469, while the average time on the real estate market was 59 days.

From Rocket Homes Real Estate and based on county public records data.

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