$183,432

1218 Pratt St Philadelphia, PA 19124

Frankford Neighborhood

Estimated payment $1,176/month

Total Views 1,963
-- Bed
-- Bath
1,392 Sq Ft
$132 Price per Sq Ft

About This Home

Duplex investment opportunity in Northeast Philadelphia with an active rental license. One unit is tenant-occupied with a long-term resident paying $950/month, providing immediate income. The second unit is currently vacant and ready for renovation, offering value-add potential. Solid brick structure with established rental history. Property sold in as-is condition. Buyer responsible for due diligence, licenses, and certifications. Conveniently located near Roosevelt Boulevard, shopping, and public transit. NOTE: this is a dual property transaction being sold with 1220 Pratt St. as a package. Will not separate.

Listing Agent

Warren Nelson

(267) 972-1084 warrennelson@realtyagent.com ISS Realty, LLC Listed on: 10/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,568

Year Built

  • Built in 1925

Lot Details

  • 1,395 Sq Ft Lot
  • Lot Dimensions are 16.00 x 90.00

Parking

  • On-Street Parking

Home Design

  • 1,392 Sq Ft Home
  • Duplex
  • Straight Thru Architecture
  • Brick Foundation
  • Masonry

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Hot Water Heating System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 164
  • Assessor Parcel Number 621015800

Community Details

Overview

  • 2 Units

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Operating Expense $4,000
  • Net Operating Income $7,410

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,568

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Straight Thru
  • Accessibility Features: 32"+ Wide Doors
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 1392
  • Living Area Sq Ft: 1392
  • Price Per Sq Ft: 131.78
  • Above Grade Finished Sq Ft: 1392
  • Above Grade Finished Area Units: Square Feet

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
  • Type Of Parking: On Street

Utilities

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 90.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1395.00
  • Zoning: RSA5

Rental Info

  • Number Of Units Month To Month: 1
  • Owner Pays: Taxes - Real Estate, Insurance
  • Vacation Rental: No

Tax Info

  • School Tax: 1438.00
  • Tax Annual Amount: 2568.00
  • Assessor Parcel Number: 621015800
  • Tax Lot: 164
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 11400.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 4000.00

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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
2026 $2,138 $183,500 $36,700 $146,800
2025 $2,138 $183,500 $36,700 $146,800
2024 $2,138 $183,500 $36,700 $146,800
2023 $2,138 $152,700 $30,540 $122,160
2022 $2,137 $152,700 $30,540 $122,160
2021 $1,667 $0 $0 $0
2020 $1,667 $0 $0 $0
2019 $1,600 $0 $0 $0
2018 $1,416 $0 $0 $0
2017 $1,431 $0 $0 $0
2016 $1,431 $0 $0 $0
2015 $1,369 $0 $0 $0
2014 -- $102,200 $17,856 $84,344
2012 -- $13,248 $1,244 $12,004
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 For Sale $183,432 -- $132 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $28,500 --
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2544604

Bright MLS

APN: 621015800

Pennsylvania Philadelphia County Philadelphia 19124 Frankford

1218 Pratt St, Philadelphia, PA

For Sale

MultiFamily

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Nearby Homes
Warren Nelson
Listing Agent
Warren Nelson
Section Image
ISS Realty, LLC
(267) 972-1084