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$3,700,000

  • For Sale
  • Active
  • Apartment
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Prime Center City Investment Opportunity! Welcome to the stunning five-story commercial building located in the heart of Philadelphia's vibrant Washington Square West neighborhood. This impressive property features six units plus a long-term deli tenant on the first floor, providing immediate and stable income. The building's classic facade and prime location just steps from Independence Hall, Washington Square Park, and major transit lines make it a standout addition to any investment portfolio. Here is your chance to gain a solid income-producing property in one of Philadelphia's most desirable areas.

Full Property Details for 701 Chestnut St

General

  • Price: $3,700,000
  • Taxes: $21,696 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2561448
  • Updated: 1/2/2026
  • Added to Site: 60 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Parking Type: On Street

Location

  • Area: 19106 (19106)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: WASHINGTON SQ WEST

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

  • Construction: Masonry
  • Building Size: 10710
  • Year Built: 1900
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6, Unit 7

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Size (Sq. Ft.): 2,142
  • Lot Size Source: Assessor
  • Lot Dimensions: 21.00 x 102.00
  • Zoning: CMX5

Financial Considerations

  • Price Per Sq. Ft.: $345.47
  • Assessment Year: 2025
  • School Tax: $12,150
  • City/TownTax: $9,546
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,550,000
  • Tax Amount: $21,696
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 33

Listed by Home Vista Realty, YanLing Zhang

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Listing agent

— 701 Chestnut St —

  • YanLing Zhang

    Home Vista Realty

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 701 Chestnut St

School District:Philadelphia City School District
NameGradesDistance
McCall Gen George A School
325 South 7th Street, Philadelphia, PA 19106
K-80.3 mi
Franklin Benjamin High School
550 North Broad Street, Philadelphia, PA 19130
12-111.1 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 701 Chestnut St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/02/2026
Price Reduced
$3,700,000
-1.33%
MLS
11/20/2025
Listed
$3,750,000
120.59%
MLS
9/13/2017
Sold
$1,700,000
—
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 701 Chestnut St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,697
—
$1,550,000
—
2024
$21,697
-10%
$1,550,000
-10%
2023
$24,217
2%
$1,730,000
100%
2018
$23,790
-1%
-100%
2020
$23,967
1%
$1,712,200
1%
2019
$23,790
-11%
$1,699,500
-11%
2018
$26,866
27%
$1,919,300
27%
2017
$21,207
—
$1,515,000
—
2016
$21,207
4%
$1,515,000
—
2015
$20,301
—
$1,515,000
—
2014
$20,301
203%
$1,515,000
988%
2013
$6,691
—
$139,200
—
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.

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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 Home Vista Realty, YanLing Zhang

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701 Chestnut Street, Philadelphia, PA 19106 (MLS# PAPH2561448) is a Apartment property. 701 Chestnut Street is currently listed for $3,700,000 and was received on November 20, 2025. Want to learn more about 701 Chestnut 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.

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