$320,000

Estimated payment $1,911/month

Total Views 832
-- Bed
-- Bath
1,170 Sq Ft
$274 Price per Sq Ft

Highlights

  • Straight Thru Architecture
  • Ceiling Fan
  • Carpet
  • Forced Air Heating System

About This Home

Welcome to 1317 S. 56th Street — a fully renovated, legal end-unit triplex that’s move-in ready and ideal for investors or house hackers seeking immediate rental income and long-term equity growth. This turn-key property features three updated one-bedroom apartments. The first floor, vacant unit is a stylish one-bedroom apartment with a modern kitchen, cozy living/dining area, updated bathroom, and spacious bedroom. The second floor unit, currently rented for $804/month, is a bright one-bedroom boasts hardwood flooring, recessed lighting, an updated kitchen, and a refreshed bathroom with generous closet space. Unit 3 is a basement level, vacant apartment and ready for a new tenant. This beautifully renovated one-bedroom offers private entry, new flooring, a sleek kitchen, inviting living area, and a modern bath. Each unit has separate heat, hot water, and utilities, keeping expenses simple and predictable. The seller is even including a vetted list of trusted maintenance contacts to make ownership as hands-off as you need it to be. Whether you’re living in one unit and renting the others, or adding to your rental portfolio, this cash-flowing property is the kind of opportunity that doesn’t last long. Schedule your tour today!

Listing Agent

Michelle Phillips

Luxe Real Estate LLC License #RB0031247 Listed on: 07/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,667

Year Built

  • Built in 1925

Lot Details

  • 1,403 Sq Ft Lot
  • Lot Dimensions are 17.00 x 83.00

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Straight Thru Architecture
  • Masonry

Interior Spaces

  • 1,170 Sq Ft Home
  • Ceiling Fan
  • Carpet
  • Finished Basement

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units
  • 2 Vacant Units

Listing and Financial Details

  • Tax Lot 222
  • Assessor Parcel Number 513137700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,667

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Straight Thru
  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Belongings
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: Welcome to 1317 S. 56th Street — a fully renovated, legal end-unit triplex that’s move-in ready and ideal for investors or house hackers seeking immediate rental income and long-term equity growth. This turn-key property features three updated one-bedroom apartments. The first floor, vacant unit is a stylish one-bedroom apartment with a modern kitchen, cozy living/dining area, updated bathroom, and spacious bedroom. The second floor unit, currently rented for $804/month, is a bright one-bedroom boasts hardwood flooring, recessed lighting, an updated kitchen, and a refreshed bathroom with generous closet space. Unit 3 is a basement level, vacant apartment and ready for a new tenant. This beautifully renovated one-bedroom offers private entry, new flooring, a sleek kitchen, inviting living area, and a modern bath. Each unit has separate heat, hot water, and utilities, keeping expenses simple and predictable. The seller is even including a vetted list of trusted maintenance contacts to make ownership as hands-off as you need it to be. Whether you’re living in one unit and renting the others, or adding to your rental portfolio, this cash-flowing property is the kind of opportunity that doesn’t last long. Schedule your tour today!
  • Special Features: None

Interior Features

  • Interior Amenities: Carpet, Ceiling Fan(s)
  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 1170
  • Living Area Sq Ft: 1170
  • Price Per Sq Ft: 273.50
  • Above Grade Finished Sq Ft: 1170
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1317

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: Forced Air
  • Heating: Yes
  • 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

  • Land Use Code: O30
  • Lot Size Acres: 0.03
  • Lot Dimensions: 17.00 x 83.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1403.00
  • Year Assessed: 2025
  • Zoning: RSA5

Rental Info

  • Existing Lease Type: Yearly
  • Units Leased Count: 1
  • Vacation Rental: No

Tax Info

  • School Tax: 933.00
  • Tax Annual Amount: 1667.00
  • Assessor Parcel Number: 513137700
  • Tax Lot: 222
  • Tax Total Finished Sq Ft: 1170
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Number Of Units Vacant: 2
  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

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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
2025 $949 $119,100 $23,820 $95,280
2024 $949 $119,100 $23,820 $95,280
2023 $949 $67,800 $13,500 $54,300
2022 $833 $67,800 $13,500 $54,300
2021 $833 $0 $0 $0
2020 $833 $0 $0 $0
2019 $768 $0 $0 $0
2018 $753 $0 $0 $0
2017 $753 $0 $0 $0
2016 $753 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $48,500 $7,153 $41,347
2012 -- $7,872 $2,157 $5,715
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $320,000 -- $274 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $40,000 Quality Abstract Services In
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $392,000 Commercial
Closed $202,750 Future Advance Clause Open End Mortgage
Source: Public Records

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Source: Bright MLS

MLS Number: PAPH2481580

Bright MLS

APN: 513137700