$450,000
SOLD NOV 22, 2024
-- Bed
-- Bath
2,450 Sq Ft
1,120 Sq Ft Lot

Recently Sold

$184 Per Sq Ft

2% Below List Price

6 Days on Market

Highlights

  • Dual Staircase
  • 3 Car Attached Garage
  • Electric Baseboard Heater
  • Traditional Architecture
  • Eat-In Kitchen
  • 5-minute walk to Ford Playground

About This Home

As of November 2024

Welcome to 1820 S 7th Street, a fantastic duplex with oversized garage nestled in the heart of East Passyunk in South Philadelphia! Located in a vibrant and sought-after neighborhood, 1820 S 7th Street enjoys the best of both worlds: the tranquility of a residential area and the proximity to urban amenities. From eclectic eateries and trendy boutiques along Passyunk Ave to cultural landmarks and green spaces, this location truly offers a balanced city living experience. Just steps away from the popular Bok Bar, walkable to the Broad Street Line, the Italian Market, and more. This property presents a unique opportunity for a potential homeowner, but also investor, with both units currently rented out.

There are two generously sized units each containing one bedroom and one bathroom, with layouts that could allow the living rooms to be used as additional bedrooms and rented as two bedrooms. The units are in great condition and can be rented right away, or spruced up even more with light cosmetic upgrades to boost rents. The oversized garage, large enough for truck parking, is currently being rented at $1k!
Unit 2 has been rented for $1,295/mo. Gross rental income is: $42,240 putting it at a 6.5-7 cap rate.

Step onto the expansive bi-level roof deck and be captivated by breathtaking views of Center City Philadelphia. Whether you're entertaining guests or simply relaxing outdoors, this space offers a picturesque backdrop that's sure to impress. Don't miss out on this chance to own a piece of Philadelphia's charm while capitalizing on the income potential of a duplex property. Schedule a viewing today!

Last Agent to Sell the Property

Samantha Miller

(215) 692-3107 samantha@select-ca.com Select Commercial Advisors License #RS352351 Listed on: 10/03/2024

Last Buyer's Agent

Elizabeth Tumasz

(609) 744-8257 elizabeth.tumasz@redfin.com Redfin Corporation

Redfin Corporation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,349

Year Built

  • Built in 1925 | Remodeled in 2008

Lot Details

  • 1,120 Sq Ft Lot
  • Lot Dimensions are 16.00 x 70.00

Parking

  • 3 Car Attached Garage
  • Front Facing Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Masonry

Interior Spaces

  • 2,450 Sq Ft Home
  • Dual Staircase
  • Eat-In Kitchen

Utilities

  • Electric Baseboard Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 95
  • Assessor Parcel Number 012180600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,349

Year Built

Built in 1925 | Remodeled in 2008

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal possessions.
  • New Construction: No
  • Year Built: 1925
  • Year Renovated: 2008
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 1820 S 7th Street, a fantastic duplex with oversized garage nestled in the heart of East Passyunk in South Philadelphia! Located in a vibrant and sought-after neighborhood, 1820 S 7th Street enjoys the best of both worlds: the tranquility of a residential area and the proximity to urban amenities. From eclectic eateries and trendy boutiques along Passyunk Ave to cultural landmarks and green spaces, this location truly offers a balanced city living experience. Just steps away from the popular Bok Bar, walkable to the Broad Street Line, the Italian Market, and more. This property presents a unique opportunity for a potential homeowner, but also investor, with both units currently rented out. There are two generously sized units each containing one bedroom and one bathroom, with layouts that could allow the living rooms to be used as additional bedrooms and rented as two bedrooms. The units are in great condition and can be rented right away, or spruced up even more with light cosmetic upgrades to boost rents. The oversized garage, large enough for truck parking, is currently being rented at $1k! Unit 2 has been rented for $1,295/mo. Gross rental income is: $42,240 putting it at a 6.5-7 cap rate. Step onto the expansive bi-level roof deck and be captivated by breathtaking views of Center City Philadelphia. Whether you're entertaining guests or simply relaxing outdoors, this space offers a picturesque backdrop that's sure to impress. Don't miss out on this chance to own a piece of Philadelphia's charm while capitalizing on the income potential of a duplex property. Schedule a viewing today!
  • Special Features: None

Interior Features

  • Interior Amenities: Kitchen - Eat-In, Additional Stairway
  • Fireplace: No
  • Basement: No
  • Total Sq Ft: 2450
  • Living Area Sq Ft: 2450
  • Price Per Sq Ft: 187.35
  • Above Grade Finished Sq Ft: 2450
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1820

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 Spaces: 3.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Oversized
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

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

Lot Info

  • Land Use Code: R50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 16.00 x 70.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1120.00
  • Year Assessed: 2024
  • Zoning: RSA5

Rental Info

  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Rent Control: No
  • Total Actual Rent: 42240.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 3555.00
  • Tax Annual Amount: 6349.00
  • Assessor Parcel Number: 012180600
  • Tax Lot: 95
  • Tax Year: 2024
  • Close Date: 11/22/2024

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Nov 8, 2024
Sold by
Theobald Sean S
Bought by
Tse Raymond C
Seller's Agent
Samantha Miller
Select Commercial Advisors
Buyer's Agent
Elizabeth Tumasz
Redfin Corporation
List Price
$459,000
Sold Price
$450,000
Premium/Discount to List
-$9,000
-1.96%
Views
14
Current Estimated Value
$489,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,132
Avg. Annual Appreciation
9.82%
Original Mortgage
$360,000
Outstanding Balance
$356,549
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$132,583

Purchase Details

Closed on
Nov 30, 2012
Sold by
Theobald Sean and Neuman Nikki
Bought by
Theobald Sean S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,477
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 25, 2009
Sold by
Lising Florentino and Hipolito Wilfred
Bought by
Theobald Sean and Neuman Nikki

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,834
Interest Rate
4.92%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 21, 2007
Sold by
Lising Florentino and Hipolito Wilfred
Bought by
Lising Florentino

Purchase Details

Closed on
Jan 14, 2005
Sold by
Ciacco Rocco and Ciacco Robert
Bought by
Lising Florentino and Hipolito Wilfred
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 Type Sale Price Title Company
Special Warranty Deed $450,000 None Listed On Document
Special Warranty Deed $450,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Deed $230,000 None Available
Interfamily Deed Transfer $23,184 None Available
Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 New Conventional
Closed $360,000 New Conventional
Previous Owner $208,477 FHA
Previous Owner $225,834 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2024 11/22/24 Sold $450,000 -2.0% $184 / Sq Ft
10/03/2024 10/03/24 For Sale $459,000 0.0% $187 / Sq Ft
01/01/2023 01/01/23 Rented $1,225 +4.3% --
11/30/2022 11/30/22 Price Changed $1,175 -11.3% $0 / Sq Ft
11/02/2022 11/02/22 Price Changed $1,325 -3.6% $1 / Sq Ft
09/06/2022 09/06/22 Price Changed $1,375 -5.2% $1 / Sq Ft
08/22/2022 08/22/22 For Rent $1,450 -- --
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 $6,349 $520,900 $104,180 $416,720
2024 $6,349 $520,900 $104,180 $416,720
2023 $6,349 $453,600 $90,720 $362,880
2022 $4,596 $453,600 $90,720 $362,880
2021 $4,596 $0 $0 $0
2020 $4,596 $0 $0 $0
2019 $4,241 $0 $0 $0
2018 $3,487 $0 $0 $0
2017 $3,487 $0 $0 $0
2016 $3,487 $0 $0 $0
2015 $3,077 $0 $0 $0
2014 -- $229,600 $20,496 $209,104
2012 -- $6,624 $1,792 $4,832
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2406022

Bright MLS

APN: 012180600