Date
Details
Price
Change
Source
8/20/2026
Listed
$1,475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,475,000 Just Listed
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Property Description
Positioned on a prime corner of one of the city's most vibrant corridors, 1642 South Street represents a rare chance to acquire a high-performing, fully occupied asset. This isn't just a building; it's a turnkey addition to any portfolio where you can start collecting rent on day one. The property features two expansive 2-bedroom, 2-bathroom apartments that feel incredibly airy and bright. Thanks to the corner orientation, oversized windows to the north and east flood the living spaces with natural light, creating a sense of volume and warmth that is hard to find in urban rentals. These units offer the kind of scale and layout that keeps occupancy high and turnover low. Anchoring the building is a thriving commercial space occupied by a long-term triple net (NNN) tenant. With a recently signed five-year renewal and an additional five-year option on the table, the ground floor provides the kind of stability and hands-off management investors crave. This is an investor's dream defined by immediate cash flow, significant upside, and a location that continues to see incredible momentum. Between the steady commercial income and the high-demand residential units, the value proposition here is undeniable. Don't miss this opportunity to own this great building.
Full Property Details
Full Property Details for 1642 South St
General
- Price: $1,475,000
- Taxes: $16,346 (2026)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2657594
- Updated: 8/20/2026
- Added to Site: 4 day(s) ago
Rental Information
- Lease Info: Yearly, Long Term, Triple Net
Interior
- Appliances: Washer/Dryer Stacked, Oven/Range - Gas, Dishwasher, Built-In Microwave, Refrigerator, Freezer, Water Heater
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector, Fire Detection System
Parking
- Parking Type: On Street
Location
- Area: 19146 (19146)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: GRADUATE HOSPITAL
- Driving Directions: Traveling East on South Street from 18th Street, the building will be on your right at the SE corner of 17th & South Streets
School Information
- School District: Philadelphia City
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Contemporary
- Structure Type: End of Row/Townhouse
- Construction: Masonry
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Sump Pump, Poured Concrete, Rough Bath Plumb, Outside Entrance
- Foundation: Concrete Perimeter
- Roof: Rubber, Fiberglass
- Square Feet: 3,785
- Sq. Ft. Source: Assessor
- Living Area: 3,785 Sq. Ft.
- Finished Above Grnd: 3,785 Sq. Ft.
- Year Built: 2002
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,416
- Lot Size Source: Assessor
- Lot Dimensions: 41.00 x 35.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $389.7
- Assessment Year: 2026
- School Tax: $9,154
- City/TownTax: $7,192
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $1,167,800
- Tax Amount: $16,346
- Tax Year: 2026
- Tax Total Finished Sq. Ft.: 3785
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 497
Listed by Compass Pennsylvania, LLC, Matthew Ostroff
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 1642 South St —
Matthew Ostroff
Compass Pennsylvania, LLC
Listing Office Email: kenenochs@compass.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1642 South St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Greenfield Albert M School 2200 Chestnut Street, Philadelphia, PA 19103 | K-8 | 0.7 mi |
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130 | 12-11 | 1.4 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 1642 South St
Tax History
Tax History for 1642 South St
Year
Property Taxes
Change
Tax Assessment
Change
2026
$14,093
—
$1,167,800
16%
2025
$14,093
—
$1,006,800
—
2024
$14,093
13%
$1,006,800
13%
2023
$12,493
13%
$892,500
100%
2021
$11,022
-12%
-100%
2022
$12,493
13%
$892,500
13%
2020
$11,022
1%
$787,400
1%
2019
$10,914
3%
$779,700
3%
2018
$10,596
67%
$757,000
67%
2017
$6,358
—
$454,200
—
2016
$6,358
4%
$454,200
—
2015
$6,086
—
$454,200
—
2014
$6,086
715%
$454,200
436%
2013
$747
—
$84,800
—
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 1642 South St
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1642 South Street, Philadelphia, PA 19146 (MLS# PAPH2657594) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 1642 South Street is currently listed for $1,475,000 and was received on August 20, 2026. Want to learn more about 1642 South 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.