$634,900
NEW CONSTRUCTION

Estimated payment $3,647/month

Total Views 589
-- Bed
-- Bath
2,800 Sq Ft
$227 Price per Sq Ft

Highlights

  • New Construction
  • Deck
  • Wood Flooring
  • Open Floorplan
  • Traditional Architecture
  • 4-minute walk to Norris Square Park

About This Home

Welcome to 2048 N 3rd Street, a newly constructed DUPLEX boasting 6 bedrooms and 4 bathrooms (3/2 in each unit), a 10 YEAR TAX ABATEMENT and 1 YEAR BUILDERS WARRANTY! Take advantage of everything that comes with this location which includes the redesign of the American Street Corridor and walking distance to the Berks L Stop taking you into center city, LMNO, Kalaya, Goldie, Suraya, Evil Genius Beer Company, Human Robot Brewing Company, Stateside Vodka, The Ground Coffee, Plants, and Gifts, Luna Cafe, Cousins Supermarket, and Norris Square! With projected income of $4400/month or $52,800/year this cash cow will not last long! Qualify for a grant of up to $17,500 in free grant money, making your homeownership dreams a reality with just 3% down and low PMI for owner occupied buyers! (Income restrictions apply)Step into this 4-story, duplex to explore its open-plan living space and modern kitchen, featuring exquisite quartz countertops with a waterfall edge, two-toned shaker cabinets, a modern subway-tiled backsplash, and high-end stainless steel appliances, including a microwave, slide in range, dishwasher, and a spacious fridge. Each bedroom is equipped with ample closet space, and the 2 full bathrooms showcase beautifully tiled showers with glass doors and large shower heads. The building is equipped with security cameras and an alarm system. Unit 1 (1st floor and basement) offers a delightful backyard, providing the perfect escape with a projected monthly rent of $2400, while Unit 2 (2nd and 3rd floor) boasts a private rooftop deck with stunning views of the Philadelphia city center and projected monthly rent of $2,000 for a total of $4,400/month or $52,800.Don't miss out on this exceptional opportunity to merge luxury living with financial advantages. Reach out to the listing agent today for more details and to schedule a viewing.

Listing Agent

Ryan Stawasz

KW Empower License #rs335536 Listed on: 05/06/2025

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,571

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 900 Sq Ft Lot
  • Lot Dimensions are 15.00 x 60.00
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Batts Insulation
  • Fiberglass Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation
  • Masonry
  • Tile

Interior Spaces

  • 2,800 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Finished Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • <<microwave>>
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • <<tubWithShowerToken>>
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 330
  • Assessor Parcel Number 183307600

Community Details

Overview

  • 2 Units
  • Olde Kensington Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,571

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: 2 refrigerators and 2 washer/dryers
  • New Construction: Yes
  • Year Built: 2025
  • Remarks Public: Welcome to 2048 N 3rd Street, a newly constructed DUPLEX boasting 6 bedrooms and 4 bathrooms (3/2 in each unit), a 10 YEAR TAX ABATEMENT and 1 YEAR BUILDERS WARRANTY! Take advantage of everything that comes with this location which includes the redesign of the American Street Corridor and walking distance to the Berks L Stop taking you into center city, LMNO, Kalaya, Goldie, Suraya, Evil Genius Beer Company, Human Robot Brewing Company, Stateside Vodka, The Ground Coffee, Plants, and Gifts, Luna Cafe, Cousins Supermarket, and Norris Square! With projected income of $4400/month or $52,800/year this cash cow will not last long! Qualify for a grant of up to $17,500 in free grant money, making your homeownership dreams a reality with just 3% down and low PMI for owner occupied buyers! (Income restrictions apply) Step into this 4-story, duplex to explore its open-plan living space and modern kitchen, featuring exquisite quartz countertops with a waterfall edge, two-toned shaker cabinets, a modern subway-tiled backsplash, and high-end stainless steel appliances, including a microwave, slide in range, dishwasher, and a spacious fridge. Each bedroom is equipped with ample closet space, and the 2 full bathrooms showcase beautifully tiled showers with glass doors and large shower heads. The building is equipped with security cameras and an alarm system. Unit 1 (1st floor and basement) offers a delightful backyard, providing the perfect escape with a projected monthly rent of $2400, while Unit 2 (2nd and 3rd floor) boasts a private rooftop deck with stunning views of the Philadelphia city center and projected monthly rent of $2,000 for a total of $4,400/month or $52,800. Don't miss out on this exceptional opportunity to merge luxury living with financial advantages. Reach out to the listing agent today for more details and to schedule a viewing.
  • Special Features: NewHome

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Washer, Oven/Range - Electric
  • Interior Amenities: Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Kitchen - Eat-In, Recessed Lighting, Wood Floors, Breakfast Area, Bathroom - Stall Shower, Bathroom - Tub Shower, Upgraded Countertops
  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2800
  • Living Area Sq Ft: 2800
  • Price Per Sq Ft: 226.75
  • Above Grade Finished Sq Ft: 2800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2048

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Batts Insulation, Masonry, Vinyl Siding, Tile
  • Construction Completed: No
  • Roof: Fiberglass
  • 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: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: SR
  • Lot Size Acres: 0.02
  • Lot Dimensions: 15.00 x 60.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 900.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Excellent
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 880.00
  • Tax Annual Amount: 1571.00
  • Assessor Parcel Number: 183307600
  • Tax Lot: 330
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

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

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

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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 $1,285 $112,300 $112,300 --
2024 $1,285 $112,300 $112,300 --
2023 $1,285 $91,800 $91,800 $0
2022 $149 $91,800 $91,800 $0
2021 $179 $0 $0 $0
2020 $179 $0 $0 $0
2019 $179 $0 $0 $0
2018 $179 $0 $0 $0
2017 $179 $0 $0 $0
2016 $73 $0 $0 $0
2015 $508 $0 $0 $0
2014 -- $5,200 $5,200 $0
2012 -- $352 $352 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 For Sale $630,000 -0.8% $225 / Sq Ft
06/14/2025 06/14/25 Price Changed $634,900 0.0% $227 / Sq Ft
05/20/2025 05/20/25 For Sale $635,000 0.0% $227 / Sq Ft
05/15/2025 05/15/25 Pending -- -- --
05/06/2025 05/06/25 For Sale $635,000 -- $227 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $103,500 Knights Abstract
Deed $40,000 Knights Abstract Inc
Deed $2,011 --
Deed -- --
Sheriffs Deed $800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $493,613 New Conventional
Source: Public Records

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Source: Bright MLS

MLS Number: PAPH2478582

Bright MLS

APN: 183307600