4951 W Thompson St Philadelphia, PA 19131
Carroll Park NeighborhoodEstimated payment $3,716/month
Total Views
11,242
7
Beds
6
Baths
3,025
Sq Ft
$208
Price per Sq Ft
Highlights
- No HOA
- 2-minute walk to Lancaster Avenue And 49Th Street
- Property is in excellent condition
- Level Entry For Accessibility
- 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!
Home Details
Home Type
- Single 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
- Property is zoned CMX2, Commercial Mixed Use (Has approval for residential units with no commercial space)
Parking
- On-Street Parking
Home Design
- Brick Foundation
- Rubber Roof
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 3,025 Sq Ft Home
- Property has 3 Levels
- Laminate Flooring
Bedrooms and Bathrooms
Accessible Home Design
- Level Entry For Accessibility
Utilities
- Electric Baseboard Heater
- 200+ Amp Service
- Electric Water Heater
Community Details
- No Home Owners Association
- Carroll Park Subdivision
Listing and Financial Details
- Tax Lot 114
- Assessor Parcel Number 442127000
Map
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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 |
Source: Public Records
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 |
Source: Bright MLS
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 | -- | -- |
Source: Public Records
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: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2484170
APN: 442127000
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