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$575,000 -$24,000 (-4.01%) Price Reduced
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Property Description
2707 Federal Street is located in a qualifying Opportunity Zone. Attention builders, developers, and investors - here's your chance to secure a prime development opportunity in the heart of Grays Ferry, one of Philadelphia's most rapidly transforming neighborhoods. Construction is booming all around, with new residential and mixed-use projects reshaping the area and driving demand higher every day. This offering provides approvals and potential to build 9 modern residential units, perfectly positioned to capture the wave of growth. The site sits in a high-demand corridor with projects underway on nearly every block, offering unmatched opportunity for those ready to take advantage. With easy access to University City, Center City, Penn, Drexel, and CHOP, the location is ideal for buyers and renters alike. The area's strong rental and resale demand makes this a smart investment, whether you're looking to hold or exit. With new projects breaking ground across the neighborhood, this is a rare opportunity to get in on the action. Don't miss your chance to develop in one of Philadelphia's hottest growth markets!
Full Property Details
Full Property Details for 2707 Federal St
General
- Price: $575,000
- Taxes: $2,937 (2020)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: PAPH2539034
- Updated: 1/15/2026
- Added to Site: 123 day(s) ago
Business
- Business Type: Apartment Building, Other, Storage
Parking
- Total Spaces: 5
- Parking Type: On Street
Location
- Area: 19146 (19146)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: GRAYS FERRY
- Driving Directions: Use GPS
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: Electric
Utilities
- Sewer: Public Septic
- Water: Public
Structural Information
- Construction: Masonry
- Foundation: Concrete Perimeter
- Building Size: 3420
- Year Built: 1923
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,372
- Lot Size Source: Estimated
- Zoning: I2
Financial Considerations
- Price Per Sq. Ft.: $168.13
- Assessment Year: 2020
- School Tax: $1,611
- City/TownTax: $1,325
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $209,800
- Tax Amount: $2,937
- Tax Year: 2020
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 11 63
Listed by KW Empower, Martino Picariello
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Schools
Schools serving 2707 Federal St
School District:Philadelphia City School District
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 2707 Federal St
Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$575,000
-4.01%
MLS
11/26/2025
Price Reduced
$599,000
-14.31%
MLS
11/04/2025
Price Reduced
$699,000
-28.31%
MLS
10/07/2025
Price Reduced
$975,000
-27.78%
MLS
9/18/2025
Listed
$1,350,000
147.71%
MLS
10/28/2020
Sold
$545,000
—
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 2707 Federal St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,516
—
$322,600
—
2024
$4,516
54%
$322,600
100%
2021
$2,937
-17%
-100%
2023
$3,520
20%
$251,500
20%
2020
$2,937
8%
$209,800
8%
2019
$2,730
18%
$195,000
18%
2018
$2,307
—
$164,800
—
2017
$2,307
—
$164,800
—
2016
$2,307
4%
$164,800
—
2015
$2,208
—
$164,800
—
2014
$2,208
489%
$164,800
4192%
2013
$375
—
$3,840
—
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 2707 Federal St
2707 Federal Street, Philadelphia, PA 19146 (MLS# PAPH2539034) is a Apartment property. 2707 Federal Street is currently listed for $575,000 and was received on September 18, 2025. Want to learn more about 2707 Federal 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.

