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Sold for $980,000
  • $980,000

    1715 Montrose St, Philadelphia, PA 19146

    2beds
    5baths
    3,322sqft
    Townhouse
    Built in 2023
    -- sqft lot
    $1,058,100 Zestimate®
    $295/sqft
    $3,846 Estimated rent

    Home value

    $1,058,100

    $942,000 - $1.19M

    $3,846/mo

    Zestimate® history
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    $3,846/mo

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    $6,021/mo

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    $6,021/mo

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    What's special

    Large garageSpray foam insulationSpacious rear balconyPex plumbing manifoldStudio apartmentShared roof deckSecurity surveillance system
    Massive price reduction!! Amazing opportunity to own this beautiful new triplex with garage and shared roof deck in the desirable Graduate Hospital neighborhood of Philadelphia. Just a few blocks from Rittenhouse Square, Broad St subway line, parks, restaurants, shopping, theatre and more! There is a FULL 10 year tax abatement starting Jan 2025 until Jan 2035... not the new and less appealing abatement that reduces by 10% each year!!! Enjoy low taxes currently at $3,378/year (compare that number to comparable buildings in Grad Hospital)!! Live in one unit and rent out the others while taking advantage of buying with only 5% down with Fannie Mae's new loan option! Two large 1 bedroom/1.5 bath units, one studio apartment, and 1 car garage. Upper units are currently rented for $2250/mo and $2200/mo. Studio is rented at $1500/mo. Garage is rented by a neighbor at $300/mo. Built by the seller with no expenses spared and no intention of selling, the building features black sound transmission class Pella windows with built-in blinds between the glass, spray foam insulation throughout, PEX plumbing manifold, fiberglass roof, security surveillance system, sprinkler system, recessed LED lighting, commercial grade security garage door, and more. There is no lack of outdoor space in this building with the large fiberglass shared roof deck with stunning skyline views, spacious rear balcony for the 2nd floor unit, and backyard for the studio apartment. All units have exceptional ceiling height, recessed lighting, quartz counters with marble backsplash, matte black fixtures and hardware, gas cooking, washer/dryer in every unit, and scratch and water resistant luxury wood vinyl flooring which is ideal for durability with tenants and pets. Garage and studio could likely rent for higher than current rents. Steps away from public transportation, restaurants, coffee shops, gyms, galleries, dog parks, and everything else that this thriving neighborhood has to offer! Don't miss your opportunity to own this stylish new multi-family apartment building with large garage in a prime center city location.

    Zillow last checked:

    Listing updated:

    Listed by:

    Julie Russell 484-319-1993,

    Coldwell Banker Realty

    Bought with:

    Matthew Milano, RS323554

    KW Empower

    Source: Bright MLS,MLS#: PAPH2303252MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 5
    Basement
    • Area: 0
    Heating
    • Central, Heat Pump, Electric
    Cooling
    • Central Air, Natural Gas
    Appliances
    • Included: Electric Water Heater
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 3,322
    • Total interior livable area: 3,322 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage Faces Front, Oversized, Garage Door Opener, Attached
    • Attached garage spaces: 1
    • Details: Garage Sqft: 220
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    • Has view: Yes
    • View description: City
    Lot
    • Size: 1,224 sqft
    • Dimensions: 18.00 x 69.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 301202605
    • Zoning: RM1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Townhouse
    Materials
    • Masonry
    • Foundation: Slab
    • Roof: Fiberglass
    Condition
    • Excellent
    • New construction: Yes
    • Year built: 2023

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Philadelphia
    • Subdivision: Graduate Hospital
    • Municipality: PHILADELPHIA

    HOA & financial

    Other financial information
    • Total actual rent: 75000

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    4/10/2025Sold$980,000-1.8%$295/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    4/4/2025Pending sale$998,000$300/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    3/24/2025Contingent$998,000$300/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    3/7/2025Price change$998,000-4%$300/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    2/24/2025Price change$1,040,000-7.6%$313/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    1/19/2025Price change$1,125,000-4.3%$339/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    12/6/2024Price change$1,175,000-4.1%$354/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    9/15/2024Price change$1,225,000-2%$369/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    7/23/2024Price change$1,250,000-3.8%$376/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    4/25/2024Listed for sale$1,300,000+221%$391/sqft
    Source: Bright MLS #PAPH2303252 Report a problem
    8/14/2019Sold$405,000+35%$122/sqft
    Source: Public Record Report a problem
    6/20/2019Pending sale$300,000$90/sqft
    Source: Long & Foster - Toll #PAPH808432 Report a problem
    6/20/2019Listed for sale$300,000$90/sqft
    Source: Long & Foster - Toll #PAPH808432 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,268 +5%$876,400 +5%
    2024$11,684 $834,700
    2023$11,684 +0.3%$834,700
    2022$11,651 +244.8%--
    2021$3,379 -2.3%--
    2018$3,458 --
    2017$3,458 --
    2016$3,458 --
    2015$3,458 --
    2014$3,458 +26%$247,000 +4212.2%
    2012$2,744 $5,728
    2011-- $5,728
    2010-- $5,728
    2009-- $5,728
    2008-- $5,728
    2007-- $5,728
    2006-- $5,728
    2005-- $5,728
    2004-- $5,728
    2003-- $5,728 +16.2%
    2002-- $4,928 +12.4%
    2000-- $4,384
    1999-- $4,384

    Find assessor info on the county website

    Neighborhood: Graduate Hospital

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: The School District Of Philadelphia

    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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    Estimated market value
    $1,058,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,058,100