2047 Locust St Philadelphia, PA 19103
Rittenhouse Square NeighborhoodEstimated payment $10,983/month
Highlights
- 2 Fireplaces
- Forced Air Heating and Cooling System
- 4-minute walk to Rittenhouse Square
About This Home
Versatile Income-Producing Property in the Heart of Rittenhouse Square!
Welcome to this charming and uniquely special property located just a block and a half from the iconic Rittenhouse Square Park! Perfectly positioned in one of Philadelphia’s most sought-after neighborhoods, this RM1-zoned gem offers exceptional versatility and investment potential.
Whether you're seeking a multi-family conversion, a luxurious single-family residence, or continuing its current approved use as an elegant professional office building, the possibilities are endless. Currently configured as a fully operational office space with multiple business tenants, this property provides a steady stream of income. There is a total of 8 office units throughout the 2nd, 3rd and 4th floors. 3 of the 8 units are tenant occupied, and the other units are owner occupied.
As you enter the first floor and you’ll find an attorney’s office featuring a welcoming reception area, front desk, kitchen space, two half bathrooms, and a spacious conference room. The second floor boasts a large main office with a fireplace and an alcove off this office along with two additional private offices. The third floor offers three more offices, including another with a fireplace, plus an additional half bath. On the fourth floor, you’ll find two more offices ideal for a variety of uses.
The full basement offers generous storage space, while the dual-zoned HVAC system ensures comfort throughout. The customized windows installed just a few years ago provide both efficiency and aesthetic appeal. 3+ car parking at the rear of the property is a great bonus!
Don’t miss this rare opportunity to own a piece of Philadelphia history with this truly flexible and income-producing property in one of Philadelphia’s most prestigious locations!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,920
Year Built
- Built in 1900
Lot Details
- 1,620 Sq Ft Lot
- Lot Dimensions are 18.00 x 90.00
Home Design
- Converted Dwelling
- Masonry
Interior Spaces
- 3,400 Sq Ft Home
- 2 Fireplaces
- Unfinished Basement
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Private Parking
- Free Parking
- Parking Lot
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- Tax Lot 132
- Assessor Parcel Number 883335010
Community Details
Overview
- 4 Units
- 4-Story Building
Building Details
- 5 Vacant Units
Map
Home Values in the Area
Average Home Value in this Area
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 | $13,827 | $851,600 | $170,320 | $681,280 |
| 2024 | $13,827 | $851,600 | $170,320 | $681,280 |
| 2023 | $13,827 | $987,800 | $197,560 | $790,240 |
| 2022 | $13,379 | $987,800 | $197,560 | $790,240 |
| 2021 | $13,582 | $0 | $0 | $0 |
| 2020 | $13,582 | $0 | $0 | $0 |
| 2019 | $13,252 | $0 | $0 | $0 |
| 2018 | $12,867 | $0 | $0 | $0 |
| 2017 | $12,108 | $0 | $0 | $0 |
| 2016 | $11,988 | $0 | $0 | $0 |
| 2015 | $13,400 | $0 | $0 | $0 |
| 2014 | -- | $865,000 | $324,000 | $541,000 |
| 2012 | -- | $115,200 | $16,000 | $99,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2025 07/28/25 | For Sale | $1,875,000 | -- | $551 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | $480,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $400,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $384,000 | Commercial | |
| Closed | $48,000 | No Value Available |
Source: Bright MLS
MLS Number: PAPH2511720
APN: 883335010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
- 2109 Locust St
- 247 S Van Pelt St
- 2108 10 Walnut St Unit 401
- 2040 Latimer St
- 251-59 S 22nd St Unit A
- 2018 32 Walnut St Unit G249
- 2018 32 Walnut St Unit 17CD
- 2027 Chancellor St Unit 2027
- 123 S Van Pelt St
- 2020 Locust St
- 2101-7 Walnut St Unit 603
- 2049 Walnut St Unit 1R
- 118 S 21st St Unit 316
- 118 S 21st St Unit 701
- 118 S 21st St Unit 818
- 2135 Walnut St Unit 603
- 2135 Walnut St Unit 803
- 2217 Locust St
- 2110 12 Sansom St
- 2212 Saint James Place
- 2031 Locust St Unit 1201
- 2031 Locust St Unit 201
- 2031 Locust St Unit 902
- 2031 Locust St Unit 2001
- 2024 Walnut St Unit 2024
- 2100 02 Walnut St Unit 6D
- 2100 02 Walnut St Unit 12H
- 2100 02 Walnut St Unit 8G
- 2100 02 Walnut St Unit 7H
- 2100 02 Walnut St Unit 9F
- 2100 02 Walnut St Unit 13F
- 2100 02 Walnut St Unit 9H
- 2100 02 Walnut St Unit 4G
- 2100 02 Walnut St Unit 10M
- 2100 2 Walnut St Unit 15I
- 2100 2 Walnut St Unit 2C
- 2100 2 Walnut St Unit 11C
- 2100 2 Walnut St Unit 8I
- 2100 2 Walnut St Unit 5L
- 2100 2 Walnut St Unit 8A