701 Reed Street, Philadelphia, PA 19147 - Photo 1

1/1

$360,000

Sold
Closed
Triplex
2,983 Sq. Ft.

1/1

Property Description

Investment opportunities await! This very flexible triplex is nestled between Queens Village and the Passyunk area of South Philly. Just blocks from South Street, and loads of famous Philly institutions like Pat's Steaks, the Italian Market, Johns Water Ice, and so much more. The first floor features a sizable commercial space (most recently used as a pottery studio), with a separate living room and bathroom with laundry. On the second floor is a sensible and stylish one bedroom apartment with a living and a full kitchen. There's plenty of natural light and the hardwood floors accentuate the charm. The third floor apartment has a separate entrance and features 2 large bedrooms, a large kitchen and a living room. With the right touch, this property is an investment gem, great layouts and superbly located. Call for an appointment today.

Full Property Details

Full Property Details for 701 Reed St

General

Sold For: $360,000
Taxes: $3,229 (2025)
Status: Closed
Type: Triplex
Source: BrightMLSPhilly
MLS ID: PAPH2430348
Added to Site: 384 day(s) ago

Parking

Parking Type: Off Site

Location

Area: 19147 (19147)
Municipality: PHILADELPHIA
County: Philadelphia
Driving Directions: Reed and 7th.

School Information

School District: Philadelphia City

Heating & Cooling

Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Heating Type: Radiant
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Other
Architectural Style: Other
Structure Type: End of Row/Townhouse
Construction: Masonry
Foundation: Stone
Stories/Levels: 0
Square Feet: 2,983
Sq. Ft. Source: Assessor
Living Area: 2,983 Sq. Ft.
Finished Above Grnd: 2,983 Sq. Ft.
Year Built: 1925
Year Built Source: Assessor

Unit Information

1 Bedroom Units: 1
2 Bedroom Units: 1

Lot Features

Lot Size (Acres): 0.03
Lot Size (Sq. Ft.): 1,343
Lot Size Source: Assessor
Lot Dimensions: 27.00 x 50.00
Zoning: RSA5

Financial Considerations

Price Per Sq. Ft.: $133.76
Assessment Year: 2025
School Tax: $1,808
City/TownTax: $1,420
City/TownTax Freq: Annually
Tax w/Assessment: $230,700
Tax Amount: $3,229
Tax Year: 2025
Terms: Standard Sale
Tax Total Finished Sq. Ft.: 2983

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 15

Listed by Long & Foster Real Estate, Inc., Arthur B Herling
Sold by Realty Mark Cityscape, Maoqing Shi

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Listing agent

— 701 Reed St —

Arthur B Herling

Long & Foster Real Estate, Inc.

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Schools

Schools serving 701 Reed St

School District:Philadelphia City School District

Name	Grades	Distance
Kirkbride Eliza B School 1501 South 7th Street, Philadelphia, PA 19147	K-8	0.1 mi
Furness Horace High School 1900 South 3rd Street, Philadelphia, PA 19148	9-12	0.6 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 Reed St

Date

Details

Price

Change

Source

10/03/2025

Sold

$360,000

-9.77%

MLS

8/06/2025

Price Reduced

$399,000

-16%

MLS

7/18/2025

Price Reduced

$475,000

-10.38%

MLS

5/08/2025

Price Reduced

$530,000

-3.64%

MLS

3/27/2025

Price Reduced

$550,000

-8.33%

MLS

2/19/2025

Price Reduced

$600,000

-7.69%

MLS

12/30/2024

Listed

$650,000

—

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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3
Beds
2
Total Baths
1,004
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Price Reduced

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$99,000

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Updated 5 days ago

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Total Bath
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Price Reduced

-$5,000 (-2.44%)

$200,000

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Updated 2 days ago

3
Beds
2
Total Baths
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Price Reduced

-$4,900 (-7.01%)

$65,000

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Single Family
Active
Updated 2 days ago

1,120
Sq. Ft.

Listed by Keller Williams - Main Street, Patrick M Gorman

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Price Reduced

-$7,000 (-3.24%)

$209,000

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Townhouse
Active
Updated 2 days ago

3
Beds
2
Total Baths
1,200
Sq. Ft.

Listed by Weichert Realtors-Mullica Hill, Coleen M McCormick

701 Reed Street, Philadelphia, PA 19147 (MLS# PAPH2430348) is a Triplex property that was sold at $360,000 on October 03, 2025. Want to learn more about 701 Reed Street? Do you have questions about finding other Triplex real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

701 Reed St Philadelphia, PA 19147