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 (3) one bed one bath units , (1) two bed one bath unit and (2) 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
$899,000
1501 Reed St, Philadelphia, PA 19146
7beds
6baths
4,320sqft
Est.:
Townhouse
Built in 1915
-- sqft lot
$860,500 Zestimate®
$208/sqft
$-- HOA
What's special
- 61 days |
- 219 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: February 12, 2026 at 08:16am
Listed by:
Kate Federico 215-840-0049,
Compass RE 2674358015,
Co-Listing Agent: Eric I Fox 267-625-4504,
Compass RE
Source: Bright MLS,MLS#: PAPH2575814
Tour with a local 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: Exterior Entry,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,320
- Total interior livable area: 4,320 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
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: Traditional
- 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: $208/sqft
- Tax assessed value: $575,000
- Annual tax amount: $8,048
- Date on market: 1/18/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Exclusions: Tenants Belongings
- Ownership: Fee Simple
Estimated market value
$860,500
$817,000 - $904,000
$3,024/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/18/2026 | Listed for sale | $899,000-4.3%$208/sqft |
Source:  Bright MLS #PAPH2575814 Report a problem | ||
| 1/18/2026 | Listing removed | $939,000$217/sqft |
Source: Bright MLS #PAPH2436340 Report a problem | ||
| 8/22/2025 | Price change | $939,000-5.6%$217/sqft |
Source: Bright MLS #PAPH2436340 Report a problem | ||
| 5/6/2025 | Price change | $995,000-9.5%$230/sqft |
Source: Bright MLS #PAPH2436340 Report a problem | ||
| 1/21/2025 | Listed for sale | $1,100,000$255/sqft |
Source: Bright MLS #PAPH2436340 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$5,120/mo
Principal & interest
$4416
Property taxes
$704
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Climate risks
Neighborhood: Point Breeze
Nearby schools
GreatSchools rating
- 4/10Childs George W SchoolGrades: PK-8Distance: 0.1 mi
- 3/10South Philadelphia High SchoolGrades: PK,9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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