NOT LISTED FOR SALE

1212 Federal St Philadelphia, PA 19147

Passyunk Square Neighborhood

Estimated Value: $354,386 - $623,000

-- Bed
-- Bath
2,016 Sq Ft
$237/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $340,000 $169 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,761/month

8 Days on Market

Highlights

  • Straight Thru Architecture
  • 3-minute walk to Ellsworth-Federal
  • 4-minute walk to Columbus Square Park
  • Radiant Heating System

About This Home

As of February 2024

If you're in search of a triplex to renovate and transform into a profitable investment, look no further than 1212 Federal Street. This property is ideally located just two blocks away from both Broad Street and East Passyunk Avenue, making it highly desirable for potential tenants. Upon entering the building, you'll find the first-floor unit, which currently offers 1 bedroom, 1 bathroom, and a spacious rear patio. The second and third-floor units feature 2 bedrooms and 1 full bathroom each. Additionally, the third floor provides access to the roof via stairs. The unfinished basement spans the entire property, providing ample storage space for tenants. After renovations, Unit 1 has the potential to generate $1500 or more per month, while Units 2 and 3 could bring in $1900 or more each. 1212 Federal Street boasts a highly walkable location, with easy access to the best restaurants in the area and convenient transportation options. With its desirable location and potential for rental income, this property is worth considering for your next project. Being sold "as-is."

Last Agent to Sell the Property

Katherine McCann

KW Empower Listed on: 01/03/2024

KW Empower

Last Buyer's Agent

Katherine McCann

KW Empower Listed on: 01/03/2024

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,990

Year Built

  • Built in 1915

Lot Details

  • 890 Sq Ft Lot
  • Lot Dimensions are 15.00 x 60.00

Home Design

  • 2,016 Sq Ft Home
  • Triplex
  • Straight Thru Architecture
  • Brick Foundation
  • Masonry

Utilities

  • Radiant Heating System
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 3 Units
  • East Passyunk Crossing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 021272100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,990

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1915
  • Automatically Close On Close Date: No
  • Remarks Public: If you're in search of a triplex to renovate and transform into a profitable investment, look no further than 1212 Federal Street. This property is ideally located just two blocks away from both Broad Street and East Passyunk Avenue, making it highly desirable for potential tenants. Upon entering the building, you'll find the first-floor unit, which currently offers 1 bedroom, 1 bathroom, and a spacious rear patio. The second and third-floor units feature 2 bedrooms and 1 full bathroom each. Additionally, the third floor provides access to the roof via stairs. The unfinished basement spans the entire property, providing ample storage space for tenants. After renovations, Unit 1 has the potential to generate $1500 or more per month, while Units 2 and 3 could bring in $1900 or more each. 1212 Federal Street boasts a highly walkable location, with easy access to the best restaurants in the area and convenient transportation options. With its desirable location and potential for rental income, this property is worth considering for your next project. Being sold "as-is."
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2016
  • Living Area Sq Ft: 2016
  • Price Per Sq Ft: 212.80
  • Above Grade Finished Sq Ft: 2016
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1212

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 60.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 890.00
  • Year Assessed: 2023
  • Zoning: RSA5

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Tax Annual Amount: 1990.00
  • Assessor Parcel Number: 021272100
  • Tax Year: 2023
  • Close Date: 02/16/2024

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Feb 1, 2024
Sold by
Dagostino Michael Raymond
Bought by
Yang Kevin
Seller's Agent
Katherine McCann
KW Empower
Buyer's Agent
Katherine McCann
KW Empower
List Price
$429,000
Sold Price
$340,000
Premium/Discount to List
-$89,000
-20.75%
Views
60
Current Estimated Value
$477,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,129
Avg. Annual Appreciation
24.10%

Purchase Details

Closed on
Dec 20, 1979
Bought by
Michael R D'Agostino
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yang Kevin $340,000 Surety Abstract Services
Michael R D'Agostino $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dagostino Michael R $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $340,000 -20.7% $169 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
01/03/2024 01/03/24 For Sale $429,000 -- $213 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,991 $472,200 $94,440 $377,760
2024 $1,991 $472,200 $94,440 $377,760
2023 $1,991 $458,400 $91,680 $366,720
2022 $1,991 $142,200 $91,680 $50,520
2021 $1,991 $0 $0 $0
2020 $1,991 $0 $0 $0
2019 $1,991 $0 $0 $0
2018 $1,991 $0 $0 $0
2017 $1,991 $0 $0 $0
2016 $1,991 $0 $0 $0
2015 $1,905 $0 $0 $0
2014 -- $203,000 $17,883 $185,117
2012 -- $15,168 $2,770 $12,398
Source: Public Records

Agents Affiliated with this Home

  • Katherine McCann

    Seller's Agent in 2024

    Katherine McCann

    KW Empower

    (609) 226-6578

    5 in this area

    116 Total Sales

    Katherine McCann
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Map

Source: Bright MLS

MLS Number: PAPH2309324

Bright MLS

APN: 021272100

Pennsylvania Philadelphia County Philadelphia 19147 Passyunk Square

1212 Federal St, Philadelphia, PA

This home is located at 1212 Federal St, Philadelphia, PA 19147 since 03 January 2024 and is currently estimated at $477,129, approximately $236 per square foot. This property was built in 1915. 1212 Federal St is a home located in Philadelphia County with nearby schools including Jackson Andrew School, Furness Horace High School, and Christopher Columbus CS.

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