Positioned on a prime corner of one of the city’s most vibrant corridors, 1642 South Street represents a rare chance to acquire a high-performing, fully occupied asset. This isn’t just a building; it’s a turnkey addition to any portfolio where you can start collecting rent on day one. The property features two expansive 2-bedroom, 2-bathroom apartments that feel incredibly airy and bright. Thanks to the corner orientation, oversized windows to the north and east flood the living spaces with natural light, creating a sense of volume and warmth that is hard to find in urban rentals. These units offer the kind of scale and layout that keeps occupancy high and turnover low. Anchoring the building is a thriving commercial space occupied by a long-term triple net (NNN) tenant. With a recently signed five-year renewal and an additional five-year option on the table, the ground floor provides the kind of stability and hands-off management investors crave. This is an investor’s dream defined by immediate cash flow, significant upside, and a location that continues to see incredible momentum. Between the steady commercial income and the high-demand residential units, the value proposition here is undeniable. Don’t miss this opportunity to own this great building.
For sale
$1,475,000
1642 South St, Philadelphia, PA 19146
4beds
--baths
3,785sqft
Townhouse
Built in 2002
-- sqft lot
$1,406,100 Zestimate®
$390/sqft
$-- HOA
What's special
Incredibly airy and brightCorner orientation
- 48 days
- 308
- 17
Zillow last checked:
Listing updated:
Listed by:
Matthew Ostroff 215-901-2141,
Compass RE 2674358015
Source: Bright MLS,MLS#: PAPH2657594
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Washer/Dryer Stacked, Oven/Range - Gas, Dishwasher, Microwave, Refrigerator, Freezer, Water Heater, Electric Water Heater
Features
- Basement: Sump Pump,Concrete,Rough Bath Plumb,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 3,785
- Total interior livable area: 3,785 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,416 Square Feet
- Dimensions: 41.00 x 35.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 871135150
- Zoning: CMX2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Concrete Perimeter
- Roof: Rubber,Fiberglass
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Fire Alarm
- Subdivision: Graduate Hospital
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $390/sqft
- Tax assessed value: $1,167,800
- Annual tax amount: $16,346
- Date on market: 8/20/2026
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
- Income includes: Shop Rentals, Apartment Rentals
Estimated market value
$1,406,100
$1.34M - $1.48M
$3,104/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Listed for sale | $1,475,000$390/sqft |
Source:  Bright MLS #PAPH2657594 Report a problem | ||
| 10/20/2012 | Listing removed | $2,100$1/sqft |
Source: SRS Real Estate Report a problem | ||
| 7/11/2012 | Listed for rent | $2,100$1/sqft |
Source: SRS Real Estate Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,093 +12.8% | $1,006,800 +12.8% |
| 2024 | $12,493 | $892,500 |
| 2023 | $12,493 +13.3% | $892,500 |
| 2022 | $11,022 | -- |
| 2021 | $11,022 +1% | -- |
| 2018 | $10,914 | -- |
| 2017 | $10,914 +3% | -- |
| 2016 | $10,596 +66.7% | -- |
| 2015 | $6,358 | -- |
| 2014 | $6,358 | $454,200 +2838.7% |
| 2003 | -- | $15,456 |
| 2002 | -- | $15,456 -19.5% |
| 2000 | -- | $19,200 -15.5% |
| 1999 | -- | $22,720 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Graduate Hospital
Nearby schools
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