4951 W Thompson St Philadelphia, PA 19131
Carroll Park NeighborhoodEstimated payment $3,587/month
Highlights
- Level Entry For Accessibility
- 2-minute walk to Lancaster Avenue And 49Th Street
- Property is in excellent condition
- Electric Baseboard Heater
About This Home
With the over saturation of luxury units in high priced neighborhoods, landlords in other neighborhoods are forced to give renter concessions or drastically cut their rent below marker. NOT HERE. Finally an opportunity to own in an area that is in high demand for quality units. This assets is selling at a verified 8.27% cap rate which falls perfectly in line with the area that trades regularly between 8-9%, often for lesser quality rehabs. Just take a quick swipe through the pictures, this is as turnkey of a performing asset as you can get. Currently 4/6 units are occupied, previously totaling $6080 of monthly revenue over the 6 residential units. With this income and lower property taxes and current mortgage rates, the property can provide a 1.45 DSCR, making it wildly appealing to secure financing via DSCR loan programs.There are no other opportunities to own this many units under one roof on the market, take this one while you can!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,828
Year Built
- Built in 1925
Lot Details
- 2,255 Sq Ft Lot
- Lot Dimensions are 20.00 x 113.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- Brick Foundation
- Rubber Roof
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 3,025 Sq Ft Home
- Laminate Flooring
Accessible Home Design
- Level Entry For Accessibility
Utilities
- Electric Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
Listing and Financial Details
- Tax Lot 114
- Assessor Parcel Number 442127000
Community Details
Overview
- 4 Units
- 3-Story Building
- Carroll Park Subdivision
Building Details
- 2 Vacant Units
- Rent Control
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 | $3,641 | $202,100 | $40,420 | $161,680 |
| 2024 | $3,641 | $202,100 | $40,420 | $161,680 |
| 2023 | $3,641 | $260,100 | $52,020 | $208,080 |
| 2022 | $1,541 | $260,100 | $52,020 | $208,080 |
| 2021 | $1,541 | $0 | $0 | $0 |
| 2020 | $1,541 | $0 | $0 | $0 |
| 2019 | $1,484 | $0 | $0 | $0 |
| 2018 | $1,390 | $0 | $0 | $0 |
| 2017 | $1,390 | $0 | $0 | $0 |
| 2016 | $1,390 | $0 | $0 | $0 |
| 2015 | $1,331 | $0 | $0 | $0 |
| 2014 | -- | $99,300 | $11,390 | $87,910 |
| 2012 | -- | $9,312 | $1,861 | $7,451 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/18/2025 05/18/25 | For Sale | $629,000 | +293.4% | $208 / Sq Ft |
| 08/22/2019 08/22/19 | Sold | $159,900 | 0.0% | $53 / Sq Ft |
| 07/26/2019 07/26/19 | Pending | -- | -- | -- |
| 06/05/2019 06/05/19 | For Sale | $159,900 | +566.3% | $53 / Sq Ft |
| 05/18/2012 05/18/12 | Sold | $24,000 | -31.2% | $8 / Sq Ft |
| 04/13/2012 04/13/12 | Pending | -- | -- | -- |
| 02/21/2012 02/21/12 | For Sale | $34,900 | -- | $12 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $575,000 | Prosperity Abstract | |
| Deed | $195,000 | None Listed On Document | |
| Deed | $159,999 | Greater Montgomery Setmnt Sv | |
| Deed | $24,000 | None Available | |
| Sheriffs Deed | $21,400 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Previous Owner | $244,000 | New Conventional | |
| Previous Owner | $157,100 | FHA |
Source: Bright MLS
MLS Number: PAPH2484172
APN: 442127000
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