Philadelphia, PA 19146 1501 Reed Street
$1,100,000
13 more
Presented By: Compass Pennsylvania, LLC
SQFT • 4,320
SQFT • 4,320Home Details
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 youre 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.
Presented By: Compass Pennsylvania, LLC
Interior Features for 1501 Reed Street
Other Interior Features
Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 1501 Reed Street
Acceptable FinancingCash, Conventional
AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsOn Reed Street Between 15th & 16th
DisclosuresLead Based Paint - State
ExclusionsTenants Belongings
HeatingCentral
Lot Size Square Feet1440.00
Lot Size UnitsSquare Feet
MLS Area19146 (19146)
ModificationTimestamp2025-04-21T14:11:55
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total6
OwnershipFee Simple
PossessionImmediate, 0-30 Days CD, 31-60 Days CD
Price Per Sq Ft Total AG254.63
Property ConditionGood
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNEWBOLD
Tax Annual Amount8048.0
Tax Assessed Value575000.0
Tax Lot19
Tax Year2025
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRSA5
Exterior for 1501 Reed Street
Building Area Total4320.00
Land Assessed Value172500.00
Land Use CodeCA0
Lot Dimensions18.00 x 80.00
Lot Size Acres0.03
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
