1501 Reed Street, Philadelphia, PA 19146 - Photo 1

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$899,000

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Active
Apartment

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Property Description

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.

Full Property Details

Full Property Details for 1501 Reed St

General

Price: $899,000
Taxes: $8,048 (2025)
Status: Active
Type: Apartment
Source: BrightMLSPhilly
MLS ID: PAPH2575820
Updated: 3/6/2026
Added to Site: 76 day(s) ago

Business

Business Type: Apartment Building

Parking

Parking Type: None

Location

Area: 19146 (19146)
Municipality: PHILADELPHIA
County: PHILADELPHIA
Subdivision: NEWBOLD
Driving Directions: On the corner of 15th & Reed

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: Private Sewer
Water: Public

Structural Information

Construction: Masonry
Building Size: 4320
Year Built: 1915
Year Built Source: Assessor
Property Condition: Good

Unit Information

# Tenants: Multiple
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.: $208.1
Assessment Year: 2025
School Tax: $4,507
City/TownTax: $3,541
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $575,000
Tax Amount: $8,048
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Exclusions: 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

Listing Office Email: kenenochs@compass.com

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Schools

Schools serving 1501 Reed St

School District:Philadelphia City School District

Name	Grades	Distance
Childs George W School 1599 Wharton Street, Philadelphia, PA 19146	K-8	0.1 mi
South Philadelphia High School 2101 South Broad Street, Philadelphia, PA 19148	9-12	0.7 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions 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

1/18/2026

Listed

$899,000

57.17%

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

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

Estimate the Cost for 1501 Reed St

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Lots/Land
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0.14
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Beds
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Manufacturing
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1501 Reed Street, Philadelphia, PA 19146 (MLS# PAPH2575820) is a Apartment property. 1501 Reed Street is currently listed for $899,000 and was received on January 18, 2026. Want to learn more about 1501 Reed Street? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

1501 Reed St Philadelphia, PA 19146