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$600,000
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Property Description
Prime corner mixed-use property offering both stable income and clear value-add upside in one of Philadelphia's most desirable neighborhoods. The building consists of three separately metered units: a renovated commercial space and two residential apartments. Unit 1F - Commercial: Updated corner storefront currently leased for $1,250/month, delivering steady cash flow from day one. Unit 1R - Residential: Recently rented one-bedroom at $1,050/month, presenting a turnkey opportunity for cosmetic upgrades or repositioning to boost returns. Unit 2 - Residential: Renovated two-bedroom apartment leased at $2,180/month, featuring Hazelwood cabinetry, tile flooring, a modern bathroom, and in-unit laundry. Located just one block from Naval Square and minutes from the South Street Bridge, CHOP, UPenn, and Rittenhouse Square, the property is positioned within a 95 Walk Score corridor known for strong rental demand and continued appreciation. An ideal value-add investment: generate immediate income while elevating the remaining residential unit to drive NOI growth and long-term equity.
Full Property Details
Full Property Details for 2501 Carpenter St
General
- Price: $600,000
- Taxes: $8,779 (2025)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PAPH2546878
- Updated: 12/31/2025
- Added to Site: 77 day(s) ago
Business
- Business Type: Hair Salon and Spa, Professional
Parking
- Parking Type: On Street
Location
- Area: 19146 (19146)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Cross Streets: 25th St.
- Driving Directions: Please use GPS
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air, Baseboard - Electric
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Basement: Yes
- Foundation: Block
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 2000
- Year Built: 1915
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 3
Lot Features
- Property View: Street
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 1,050
- Lot Size Source: Estimated
- Lot Dimensions: 18.00 x 60.00
- Zoning: CMX1
Financial Considerations
- Price Per Sq. Ft.: $300
- Assessment Year: 2025
- School Tax: $4,916
- County Tax Freq: Annually
- Tax w/Assessment: $627,200
- Tax Amount: $8,779
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 76
Listed by HubKey Real Estate, Mike Goldstein
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Schools
Schools serving 2501 Carpenter St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Arthur Chester A School 2000 Catharine Street, Philadelphia, PA 19146 | K-8 | 0.4 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 2501 Carpenter St
Date
Details
Price
Change
Source
11/04/2025
Listed
$600,000
162.01%
MLS
1/22/2013
Sold
$229,000
—
Public Record
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 2501 Carpenter St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,780
—
$627,200
—
2024
$8,780
13%
$627,200
100%
2021
$7,798
-7%
-100%
2023
$8,361
7%
$597,300
7%
2020
$7,798
-2%
$557,100
-2%
2019
$7,979
241%
$570,000
241%
2018
$2,340
—
$167,200
—
2017
$2,340
—
$167,200
—
2016
$2,340
4%
$167,200
—
2015
$2,240
—
$167,200
—
2014
$2,240
52%
$167,200
1007%
2013
$1,476
—
$15,104
—
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 2501 Carpenter St
2501 Carpenter Street, Philadelphia, PA 19146 (MLS# PAPH2546878) is a Commercial Service property. 2501 Carpenter Street is currently listed for $600,000 and was received on November 04, 2025. Want to learn more about 2501 Carpenter Street? Do you have questions about finding other Commercial Service real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

