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 room 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.
For sale
Price cut: $20K (5/8)
$530,000
701 Reed St, Philadelphia, PA 19147
3beds
2,983sqft
Est.:
Townhouse
Built in 1925
1,343 Square Feet Lot
$525,200 Zestimate®
$178/sqft
$-- HOA
What's special
Sizable commercial spaceSeparate entranceBathroom with laundryHardwood floorsPlenty of natural lightLarge kitchen
- 140 days
- on Zillow |
- 388 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: May 08, 2025 at 08:46am
Listed by:
Arthur Herling 215-431-3944,
Long & Foster Real Estate, Inc. 2156432500
Source: Bright MLS,MLS#: PAPH2436516

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Basement
- Area: 0
Heating
- Radiant, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Other
- Has fireplace: No
Interior area
- Total structure area: 2,983
- Total interior livable area: 2,983 sqft
- Finished area above ground: 2,983
- Finished area below ground: 0
Property
Parking
- Parking features: Off Site
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Size: 1,343 Square Feet
- Dimensions: 27.00 x 50.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 012027100
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Stone
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Passyunk Square
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $178/sqft
- Tax assessed value: $230,700
- Annual tax amount: $3,229
- Date on market: 1/17/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
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