3 months on rocket

Sale Pending

1405 Reed St, Philadelphia, PA, 19146

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
2,225 SqFt
$224/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1405 Reed St, Philadelphia$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1915
HeatingBaseboard
CoolingNone
BasementYes
MLS #PAPH2316726
Lot Size0.03 Acres
StatusSale Pending
(PENDING)

About 1405 Reed St

Calling all investors, come check out this amazing opportunity to purchase in an already up and coming area of the the city. Conveniently located 1 block from Broad street, this 5-unit income producing property is ideal for your investment portfolio! The building has 4 one bedroom units and 1 studio. Three of the five units have been updated and have significant room to raise rents. Updating on the remaining units would bring all apartments to market rent and make this asset an amazing cash flowing investment. Tenants pay all utilities except for water. All leases and rental licenses available upon request. Please allow 48 hours for showing approval. Make an appointment ASAP before this property is sold!

Property Details

Property Features

Property Information:

  • Architectural Style: Straight Thru
  • Year Built: 1915
  • Living Area: 2,225 SqFt

Listing Office:

  • Office Name: OCF Realty LLC - Philadelphia
  • Office Phone: (215) 735-7368
  • Listing Agent: Matthew Robertson

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

School Info

Assigned Schools Information:

  • Universal Audenried Charter High School, Public Charter Grades 9-12
  • G.W. Childs Elementary School, Public District Grades KG-8

Other

Directions Information:

  • Directions: Off of broad

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000
  • Price Per SqFt: $224/SqFt

Tax Information:

  • Annual Amount: $3,903
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

Map thumbnail provided by MapBox

Philadelphia, PA

City

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

1405 Reed St vs Philadelphia

107 DAYS ON ROCKET

+57 Days

$499,000

+$240.1K More

$224/SqFt

+$28 More

KEY TAKEAWAY

This property is $240.1K more than the Median Sold Price and $28/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2316726

Listing Office:

  • Office Name: OCF Realty LLC - Philadelphia
  • Office Phone: (215) 735-7368
  • Listing Agent: Matthew Robertson

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2024, 10:20:44 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 16, 2017Home Sold
$415,000
May 30, 2012Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,903 -
2019$3,456$246,900
2018$1,317$94,100
2017$1,317$94,100

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2244034
4
/10

  • G.W. Childs Elementary School

  • 1599 Wharton St

  • 0.13 miles

  • Public District Grades KG-8

High School

school-card-donut-2244035
4
/10

  • Universal Audenried Charter High School

  • 3301 Tasker St

  • 1.61 miles

  • Public Charter Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,750. The majority of Philadelphia, PA residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1405 Reed St

What is the listing price of this property?

The listing price of 1405 Reed St property is $499,000.

What type of property is this?

The property 1405 Reed St is a house located in Philadelphia, Pennsylvania, 19146.

Is this property for sale now?

Sale Pending: 1405 Reed St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1405 Reed St are:
G.W. Childs Elementary School: GreatSchools Rating 4/10
Universal Audenried Charter High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,903 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 16, 2017 for $415,000. (source: MLS/tax record).

What is the square footage of this property?

The property 1405 Reed St is 2,225 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1405 Reed St is 1915.

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19146›1405 Reed St

This home is located at 1405 Reed St in Philadelphia, PA and zip code 19146 in the South Philadelphia neighborhood. This 2,225 square foot home, which was built in 1915, sits on a 0.03 acre lot. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $499,000.

Philadelphia, PA housing market in April 2024 saw over 242 listings sold above listed price, more than 216 sold at listed price and over 502 sold below. The number of listings in Philadelphia, PA increased by 9.8% between March 2024 and April 2024. In April 2024 median list price was $258,806 and the average listing age was 50 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources