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$939,000

  • For Sale
  • Active
  • Townhouse
  • 4,320 Sq. Ft.
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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.

Full Property Details for 1501 Reed St

General

  • Price: $939,000
  • Taxes: $8,048 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2436340
  • Updated: 12/17/2025
  • Added to Site: 362 day(s) ago

Rental Information

  • Lease Info: Month to Month, Yearly

Parking

  • Parking Type: On Street

Location

  • Area: 19146 (19146)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: NEWBOLD
  • Cross Streets: 15Th
  • Driving Directions: On Reed St at 15th, one block off Broad St.
  • Location Details: Urban

School Information

  • School District: Philadelphia City

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Natural Gas
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: End of Row/Townhouse
  • Construction: Masonry
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation: Other
  • Square Feet: 4,320
  • Sq. Ft. Source: Assessor
  • Living Area: 4,320 Sq. Ft.
  • Finished Above Grnd: 4,320 Sq. Ft.
  • Year Built: 1915
  • Year Built Source: Assessor
  • Property Condition: Good

Unit Information

  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size (Sq. Ft.): 1,440
  • Lot Size Source: Assessor
  • Lot Dimensions: 18.00 x 80.00
  • Zoning: RSA5

Financial Considerations

  • Price Per Sq. Ft.: $217.36
  • Assessment Year: 2025
  • School Tax: $4,507
  • City/TownTax: $3,541
  • City/TownTax Freq: Annually
  • Tax w/Assessment: $575,000
  • Tax Amount: $8,048
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 4320

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: All tenants belongings
  • Lot Number: 19

Listed by Compass Pennsylvania, LLC, Kate Federico and Compass Pennsylvania, LLC, Eric I Fox

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Listing agents

— 1501 Reed St —

  • Kate Federico

    Compass Pennsylvania, LLC

  • Eric I Fox

    Compass Pennsylvania, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1501 Reed St

School District:Philadelphia City School District
NameGradesDistance
Childs George W School
1599 Wharton Street, Philadelphia, PA 19146
K-80.1 mi
South Philadelphia High School
2101 South Broad Street, Philadelphia, PA 19148
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1501 Reed St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/22/2025
Price Reduced
$939,000
-5.63%
MLS
5/06/2025
Price Reduced
$995,000
-9.55%
MLS
1/21/2025
Listed
$1,100,000
92.31%
MLS
4/26/2016
Sold
$572,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1501 Reed St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,049
—
$575,000
—
2024
$8,049
8%
$575,000
100%
2021
$7,443
-5%
-100%
2023
$7,811
5%
$558,000
5%
2020
$7,443
—
$531,700
—
2019
$7,425
347%
$530,400
347%
2017
$1,662
—
$118,700
—
2016
$1,662
4%
$118,700
—
2015
$1,591
—
$118,700
—
2014
$1,591
-15%
$118,700
518%
2013
$1,876
—
$19,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1501 Reed St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass Pennsylvania, LLC, Kate Federico and Compass Pennsylvania, LLC, Eric I Fox

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1501 Reed Street, Philadelphia, PA 19146 (MLS# PAPH2436340) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 1501 Reed Street is currently listed for $939,000 and was received on January 21, 2025. Want to learn more about 1501 Reed Street? Do you have questions about finding other Townhouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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