Located on one of Graduate Hospital’s most desirable tree-lined blocks, 2118 Kater Street presents a rare value-add opportunity in the heart of Philadelphia. This classic townhome is in need of a full renovation—making it the ideal blank slate for seasoned investors, developers, or flippers looking to capitalize on strong market fundamentals in a high-demand neighborhood. Zoned RM1 and situated within the coveted Albert M. Greenfield School Catchment, this property offers significant upside potential, whether you're planning a high-end resale, modern rental conversion, or long-term hold strategy. The surrounding area continues to see robust appreciation, supported by consistent buyer demand and limited inventory. Just minutes from Rittenhouse Square, University of Pennsylvania, CHOP, and the Schuylkill River Trail, this location is a proven draw for professionals, students, and families alike. Nearby amenities include neighborhood staples like Loco Pez, Sabrina’s Café, City Fitness, and Giant Heirloom Market, ensuring strong lifestyle appeal for future occupants. Bring your architect and contractor—this is a full-gut opportunity with serious upside. Showings by appointment only. Don’t miss your chance to unlock the potential of this A+ location.
Under contract
$350,000
2118 Kater St, Philadelphia, PA 19146
2beds
774sqft
Est.:
Townhouse
Built in 1920
616 Square Feet Lot
$337,100 Zestimate®
$452/sqft
$-- HOA
What's special
Tree-lined blocksClassic townhome
- 45 days
- on Zillow |
- 47 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: May 12, 2025 at 02:30am
Listed by:
Eric Fox 267-625-4504,
Compass RE (267) 435-8015
Source: Bright MLS,MLS#: PAPH2470782

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 774
- Total interior livable area: 774 sqft
- Finished area above ground: 774
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Sidewalks, Street Lights
- Pool features: None
- Has view: Yes
- View description: City
Lot
- Size: 616 Square Feet
- Dimensions: 14.00 x 44.00
- Features: Urban
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 302014900
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Other
Condition
- Fixer
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Graduate Hospital
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $452/sqft
- Tax assessed value: $378,400
- Annual tax amount: $5,296
- Date on market: 4/25/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
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