1501 Reed Street Philadelphia, PA ^$ 939,000

1501 Reed Street

^$ 939,000

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1501 Reed Street

Philadelphia, PA, 19146

^$ 939,000

Bedrooms-- Baths-- Sq 4,320

Monthly Estimate*

^$ 5,858

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Commercial Property for sale in Philadelphia, PA

for $939,000. This 4,320 square foot building was built in 1915 on a lot size of 0.03.

Calling ALL Investors. Prime Location in the heart of Philadelphia's Newbold neighborhood! This turn key SIX UNIT multi family building consists of SIX updated, separately metered & CENTRAL AIR units. This amazing CORNER building consists of (3) one bed one bath units , (1) two bed one bath unit and (2) one bedroom with den , 1 bath unit. Tons of natural light, high ceilings, generous closets. Whether youre a seasoned investor, 1031 Exchange or exploring multifamily opportunities for the first time, this property offers solid location, functionality, and long-term value. Close proximity to local coffee shops & bakeries, Giant & Sprouts, Sports Complexes, Universities, Passyunk Square's trendy restaurants and Rittenhouse square retail, historic sites and more.

Commercial Active

Price

^$ 939,000

Property Type

Commercial

Taxes

^$ 8,048

Style

Apartment Building

Lot Size

0.03

Year Built

1915

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2431808

Features

Interior

Heating Fuel Natural Gas

Hot Water Natural Gas

Heating Y/N Y

Central Air Y/N Y

General

Sewer Public Sewer

Heating Central

Cooling Central A/C

Possession Immediate 0-30 Days CD 31-60 Days CD

Zoning RSA5

Construction Materials Masonry

Exclusions Tenants Belongings

Year Built 1915

Property Subtype Five Or More Units

Tax Year 2025

Ownership Fee Simple

Cool Fuel Natural Gas

Municipality PHILADELPHIA

Business Type Apartment Building

Accessibility None

County PHILADELPHIA

New Construction N

Property Type Commercial Sale

Subdivision Name NEWBOLD

Water Access Y/N N

Status ACTIVE

Directions On Reed Street Between 15th & 16th

City PHILADELPHIA

Disclosures Lead Based Paint - State

Number Of Units Total 6

MLS Area 19146 (19146)

Lot Size Units Square Feet

Lot Size Square Feet 1440.00

Tax Annual Amount 8048.0

Property Condition Good

Price Per Sq Ft Total AG 217.36

Acceptable Financing Cash Conventional

Vacation Rental Y/N N

Standard Status Active

Year Built Source Assessor

Tax Lot 19

Association Recreation Fee N

Exterior

Water Source Public

Type of Parking None

Water View Y/N N

Building Area Total 4320.00

Lot Dimensions 18.00 x 80.00

Lot Size Acres 0.03

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 172500.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 1501

* Excluded Features

List By

Compass Pennsylvania, Llc

Broker

katefederico@compass.com

Affordability Calculator

$6,529

Per Month

Monthly Principal & Interest: $5,858
Monthly Property Taxes: $671
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Philadelphia, PA

Average List Price ^$1,088,185

Percent of Sale Price 16%

About Philadelphia, PA

1,588,239 Population

5% Since 2002

^$42,223 Median Income

36 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/23/2025	$939,000	-5.63%	Price Down
5/6/2025	$995,000	-9.55%	Price Down
1/18/2025	$1,100,000		Listed Price

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1501 Reed Street, Philadelphia, PA, 19146 is a Commercial Property for sale at $939,000 with 4,320 sqft and a lot size of 0.03. 1501 Reed Street was built in 1915. The property's zip code is 19146 which is in Philadelphia, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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1501 Reed Street

Commercial Property for sale in Philadelphia, PA

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