1516 N Palethorp Street
Philadelphia, PA, 19122 $ 625,000
Bedrooms4 Baths3.1 Sq 2,000 Monthly Estimate*
$ 3,848
for $625,000 with 4 bedrooms and 3 full baths, 1 half bath. This 2,000 square foot townhouse was built in 2016 on a lot size of 0.02.
Tucked along one of Olde Kensingtons quietest residential blocks, 1516 North Palethorp Street delivers the ideal balance of design, scale, and location. This 15-foot-wide residence offers thoughtful craftsmanship and an exceptional layout in one of Philadelphias most sought-after neighborhoods. Positioned just two blocks from the energy of Frankford Avenue and three blocks from Northern Liberties 2nd Street corridor, the home sits at the intersection of Fishtown and Northern Liberties providing immediate access to the citys best dining, fitness, and nightlife while maintaining the tranquility of a true neighborhood street with easy street parking. As you approach, the block itself stands out quiet, neighborly, and private. Inside, the main level welcomes you with high ceilings that carry throughout the entire home. A spacious dining area flows effortlessly into a well-appointed kitchen featuring stainless steel appliances, sleek countertops, and a built-in breakfast bar designed for both everyday living and entertaining. Toward the rear, the light-filled living room opens seamlessly to the private backyard through oversized sliding glass doors. The backyard offers an extended footprint with space for dining, lounging, and gardening a rare and valuable extension of the living space. The second floor includes two generously sized bedrooms connected by a thoughtfully designed Jack-and-Jill bathroom. Each bedroom features its own private vanity and toilet, joined by a shared central shower, while walk-through closets create a functional, suite-style experience that blends privacy with convenience. The entire third floor is dedicated to the primary suite a true retreat. The spa-inspired bathroom features dual vanities, a deep soaking tub with jacuzzi jets, and a large walk-in shower. A spacious walk-in closet completes the suite. From this level, step out to the private rooftop deck the perfect setting for morning coffee, sunset views, or entertaining under the city skyline. The finished basement provides valuable flexible space ideal for a home office, gym, media room, or guest suite, complete with its own full bathroom. Olde Kensington continues to be one of Philadelphias best-kept secrets quiet, residential, and perfectly positioned. Local favorites including City Fitness, Pizzeria Beddia, Laser Wolf, Liberty Kitchen, Middle Child Clubhouse, Kalaya, Stateside Vodka, Suraya, Gryphon Cafe, La Colombe, and Frankford Hall are all within a short walk. 1516 N Palethorp offers width, outdoor space, and walkability without sacrificing peace and privacy. A rare opportunity to own a move-in-ready home in one of the citys most dynamic neighborhoods. Schedule your showing today!
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FeaturesGeneralLiving Area 2000
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession 31-60 Days CD
Appliances Built-In Microwave Dryer Dishwasher Disposal Microwave Oven - Single Washer Freezer Refrigerator Stove Water Heater
Zoning RSA5
Architectural Style Traditional
Construction Materials Brick Metal Siding Stucco
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 2016
Levels 3
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Residential
HOA N
Subdivision Name OLDE KENSINGTON
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 3
Status ACTIVE UNDER CONTRACT
Directions Use GPS
City PHILADELPHIA
Senior Community Y/N N
MLS Area 19122 (19122)
Lot Size Units Square Feet
Lot Size Square Feet 825.00
Tax Annual Amount 1767.0
Structure Type Interior Row/Townhouse
Condo/Coop Association fee Y/N N
Price Per Sq Ft Total AG 390.62
Acceptable Financing Cash Conventional FHA VA
Vacation Rental Y/N N
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 164
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InteriorHeating Fuel Natural Gas
Basement Fully Finished
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1600
Half Baths 1
Central Air Y/N Y
Total Bedrooms 4
Below Grade Finished Area 400
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Estimated
Above Grade Finished Area Source Estimated
Above Grade Finished Area Unit Type Square Feet
Total Baths 4
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ExteriorPool No Pool
Water Source Public
Inclusions Washer Dryer Refrigerator
Type of Parking On Street
Foundation Details Concrete Perimeter
Water View Y/N N
Lot Dimensions 15.00 x 55.00
Lot Size Acres 0.02
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 126240.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $3,848
- Monthly Property Taxes
- $147
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyTownhouse listings in Philadelphia, PA
Average List Price $363,488
Percent of Sale Price 42%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/5/2026 | $625,000 | | Listed Price |