2233 S 7th St Philadelphia, PA 19148
South Philadelphia East Neighborhood
--
Bed
--
Bath
2,985
Sq Ft
1,040
Sq Ft Lot
Highlights
- Straight Thru Architecture
- Radiant Heating System
- 3-minute walk to Mifflin Square Park
About This Home
As of January 2025Property Listing: Prime Multi-Unit Investment Opportunity in South Philadelphia
OVERVIEW:
This fully occupied multi-unit property presents a unique investment opportunity in the heart of South Philadelphia. Boasting two spacious three-bedroom residential units and a fully equipped commercial space ideal for a restaurant, this property is perfectly situated on a bustling commercial corridor. Also eligible for Philadelphia's forgivable loan program.
RESIDENTIAL UNITES
Two 3-Bedroom Units -Each unit features a modern layout, ample natural light, and attractive finishes. Ideal for families or young professionals, these units provide comfortable living spaces with well-appointed kitchens and bathrooms.
Fully Occupied: Both residential units are currently leased, providing immediate rental income and a solid return on investment.
COMMERICAL SPACE
Restaurant Ready - The commercial unit is fully equipped with brand new restaurant-grade kitchen equipment, ready for your culinary vision. This space features an open layout that can accommodate a dining area, allowing for a vibrant dining atmosphere.
Prime Location- Located on a busy commercial corridor, this space benefits from high foot traffic and visibility, making it an excellent choice for a new or expanding restaurant, with extra storage in the basement.
PROPERTY FEATURES
Total Units: 3 (2 residential, 1 commercial)
Location: Conveniently positioned in South Philadelphia, close to public transportation, major highways, and local attractions on the corner of 7th and Moyamensing
Investment Potential: With two residential units and a commercial tenant, generating consistent income this property offers a fantastic investment opportunity in a thriving neighborhood.
Don’t miss out on this exceptional property that combines residential and commercial potential in a highly sought-after area. Schedule a viewing today to explore the possibilities!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,582
Year Built
- Built in 1915
Lot Details
- 1,040 Sq Ft Lot
- Lot Dimensions are 17.00 x 78.00
Parking
- On-Street Parking
Home Design
- 2,985 Sq Ft Home
- Triplex
- Straight Thru Architecture
- Slab Foundation
- Masonry
Utilities
- Window Unit Cooling System
- Radiant Heating System
- Electric Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 121
- Assessor Parcel Number 871555480
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 12, 2021
Sold by
Lang Phaly
Bought by
Fateh & Sehaj Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 14, 2005
Sold by
Park David Sang and Park Chong Su
Bought by
Lang Phaly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.82%
Mortgage Type
Commercial
Similar Homes in Philadelphia, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $405,000 | None Available | |
| Deed | $145,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $243,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $390,000 | Commercial | |
| Previous Owner | $100,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/24/2025 01/24/25 | Sold | $630,000 | -6.0% | $211 / Sq Ft |
| 11/07/2024 11/07/24 | For Sale | $670,000 | -- | $224 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,583 | $387,000 | $77,400 | $309,600 |
| 2024 | $4,583 | $387,000 | $77,400 | $309,600 |
| 2023 | $4,583 | $327,400 | $65,480 | $261,920 |
| 2022 | $3,595 | $327,400 | $65,480 | $261,920 |
| 2021 | $3,595 | $0 | $0 | $0 |
| 2020 | $3,595 | $0 | $0 | $0 |
| 2019 | $3,560 | $0 | $0 | $0 |
| 2018 | $3,456 | $0 | $0 | $0 |
| 2017 | $5,164 | $0 | $0 | $0 |
| 2016 | $5,164 | $0 | $0 | $0 |
| 2015 | $4,943 | $0 | $0 | $0 |
| 2014 | -- | $368,900 | $16,500 | $352,400 |
Source: Public Records
Agents Affiliated with this Home
-
David Snyder
Seller's Agent in 2025
David Snyder
KW Empower
(215) 607-6007
11 in this area
908 Total Sales
-
Jana Adler
Seller Co-Listing Agent in 2025
Jana Adler
KW Empower
(917) 449-1530
1 in this area
27 Total Sales
-
Doug Gungor
Buyer's Agent in 2025
Doug Gungor
Coldwell Banker Realty
(267) 455-2613
4 in this area
54 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2414514
APN: 871555480
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