Philadelphia, PA 19146 1501 Reed Street
$1,100,000
13 more
Presented By: Compass Pennsylvania, LLC
Beds • 7
Beds • 7Home 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
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceAssessor
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
General for 1501 Reed Street
Acceptable FinancingCash, Conventional
AccessibilityOther
Architectural StyleOther
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsOn Reed St at 15th, one block off Broad St.
DisclosuresLead Based Paint - State
ExclusionsAll tenants belongings
Garage Y/NNo
HeatingCentral
Lease TypeMonth to Month, Yearly
Location TypeUrban
Lot Size Square Feet1440.00
Lot Size UnitsSquare Feet
MLS Area19146 (19146)
ModificationTimestamp2025-04-21T14:01:31
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
Number of Units Leased5
NumberOfUnitsVacant1
One Bedroom Units Count5
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6
OwnershipFee Simple
Possession0-30 Days CD, 31-60 Days CD
Price Per Sq Ft Total AG254.63
Property ConditionGood
Property SubtypeOther
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Subdivision NameNEWBOLD
Tax Annual Amount8048.0
Tax Assessed Value575000.0
Tax Lot19
Tax Year2025
Total SQFT4320
TransportationBus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Airport less than 10 miles
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRSA5
Exterior for 1501 Reed Street
Foundation DetailsOther
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
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
