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For sale
    • $1,475,000

    1642 South St, Philadelphia, PA 19146

    4beds
    --baths
    3,785sqft
    : 
    $8,722/mo
    Get pre-qualified
    Townhouse
    Built in 2002
    -- sqft lot
    $962,800 Zestimate®
    $390/sqft
    $-- HOA

    What's special

    Incredibly airy and brightCorner orientation
    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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Matthew Ostroff 215-901-2141,

    Compass RE 2674358015

    Source: Bright MLS,MLS#: PAPH2657594MLS Logo

      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

        $962,800

        $847,000 - $1.09M

        $3,110/mo

        Price history

        DateEventPrice
        8/20/2026Listed for sale$1,475,000$390/sqft
        Source: Bright MLS #PAPH2657594 Report a problem
        10/20/2012Listing removed$2,100$1/sqft
        Source: SRS Real Estate Report a problem
        7/11/2012Listed for rent$2,100$1/sqft
        Source: SRS Real Estate Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: Graduate Hospital

        Getting around

        99 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        88 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Philadelphia City

        Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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