$475,000

701-3 Reed St Philadelphia, PA 19147

Passyunk Square Neighborhood

Estimated payment $2,897/month

Total Views 16,653
-- Bed
-- Bath
2,983 Sq Ft
$159 Price per Sq Ft

About This Home

Investment opportunities await! This very flexible triplex is nestled between Queens Village and the Passyunk area of South Philly. Just blocks from South Street, and loads of famous Philly institutions like Pat's Steaks, the Italian Market, Johns Water Ice, and so much more. The first floor features a sizable commercial space (most recently used as a pottery studio), with a separate living room and bathroom with laundry. On the second floor is a sensible and stylish one bedroom apartment with a living and a full kitchen. There's plenty of natural light and the hardwood floors accentuate the charm. The third floor apartment has a separate entrance and features 2 large bedrooms, a large kitchen and a living room. With the right touch, this property is an investment gem, great layouts and superbly located. Call for an appointment today.

Listing Agent

Art Herling

Long & Foster Real Estate, Inc. License #RM421747I Listed on: 12/30/2024

Long & Foster Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,229

Year Built

  • Built in 1925

Lot Details

  • 1,343 Sq Ft Lot
  • Lot Dimensions are 27.00 x 50.00

Parking

  • Off-Site Parking

Home Design

  • 2,983 Sq Ft Home
  • Triplex
  • Stone Foundation
  • Masonry

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 012027100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,229

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: End Of Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Remarks Public: Investment opportunities await! This very flexible triplex is nestled between Queens Village and the Passyunk area of South Philly. Just blocks from South Street, and loads of famous Philly institutions like Pat's Steaks, the Italian Market, Johns Water Ice, and so much more. The first floor features a sizable commercial space (most recently used as a pottery studio), with a separate living room and bathroom with laundry. On the second floor is a sensible and stylish one bedroom apartment with a living and a full kitchen. There's plenty of natural light and the hardwood floors accentuate the charm. The third floor apartment has a separate entrance and features 2 large bedrooms, a large kitchen and a living room. With the right touch, this property is an investment gem, great layouts and superbly located. Call for an appointment today.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 2983
  • Living Area Sq Ft: 2983
  • Price Per Sq Ft: 159.24
  • Above Grade Finished Sq Ft: 2983
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 701

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Site

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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: W50
  • Lot Size Acres: 0.03
  • Lot Dimensions: 27.00 x 50.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1343.00
  • Year Assessed: 2025
  • Zoning: RSA5

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • School Tax: 1808.00
  • Tax Annual Amount: 3229.00
  • Assessor Parcel Number: 012027100
  • Tax Lot: 15
  • Tax Total Finished Sq Ft: 2983
  • Tax Data Updated: No
  • Tax Year: 2025

Multi Family

  • Single Room Units Count: 1

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Price Changed $475,000 -10.4% $159 / Sq Ft
05/08/2025 05/08/25 Price Changed $530,000 -3.6% $178 / Sq Ft
03/27/2025 03/27/25 Price Changed $550,000 -8.3% $184 / Sq Ft
02/19/2025 02/19/25 Price Changed $600,000 -7.7% $201 / Sq Ft
12/30/2024 12/30/24 For Sale $650,000 -- $218 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PAPH2430348

Bright MLS

Pennsylvania Philadelphia County Philadelphia 19147 Passyunk Square

701-3 Reed St, Philadelphia, PA

This home is located at 701-3 Reed St, Philadelphia, PA 19147 and is currently priced at $475,000, approximately $159 per square foot. This property was built in 1925. 701-3 Reed St is a home located in Philadelphia County with nearby schools including Kirkbride Eliza B School, Furness Horace High School, and St. Casimir School.

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Art Herling
Listing Agent
Art Herling
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Long & Foster Real Estate, Inc.
(215) 431-3944