Calling ALL Investors. Prime Location in the heart of Philadelphia's Newbold neighborhood! This turn key SIX UNIT multi family building consists of SIX updated, separately metered & CENTRAL AIR units. This amazing CORNER building consists of (4) one bed one bath units , (1) two bed one bath unit and (1) one bedroom with den , 1 bath unit. Tons of natural light, high ceilings, generous closets. Whether you’re a seasoned investor, 1031 Exchange or exploring multifamily opportunities for the first time, this property offers solid location, functionality, and long-term value. Close proximity to local coffee shops & bakeries, Giant & Sprouts, Sports Complexes, Universities, Passyunk Square's trendy restaurants and Rittenhouse square retail, historic sites and more.
For sale
Price cut: $105K (5/6)
$995,000
1501 Reed St, Philadelphia, PA 19146
7beds
6baths
4,320sqft
Est.:
Townhouse
Built in 1915
-- sqft lot
$940,700 Zestimate®
$230/sqft
$-- HOA
What's special
High ceilingsTons of natural lightGenerous closetsCorner building
- 136 days
- on Zillow |
- 131 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: May 06, 2025 at 02:08am
Listed by:
Kate Federico 215-840-0049,
Compass RE (267) 435-8015,
Co-Listing Agent: Eric I Fox 267-625-4504,
Compass RE
Source: Bright MLS,MLS#: PAPH2436340

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 6
Basement
- Area: 0
Heating
- Central, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,320
- Total interior livable area: 4,320 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other
Features
- Pool features: None
Lot
- Size: 1,440 Square Feet
- Dimensions: 18.00 x 80.00
- Features: Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 881114101
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Other
Condition
- Good
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Newbold
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $575,000
- Annual tax amount: $8,048
- Date on market: 1/21/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Exclusions: All Tenants Belongings
- Ownership: Fee Simple
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