1948 Rowan St presents a prime value-add opportunity in Philadelphia for investors, developers, or savvy end users seeking a multifamily redevelopment project. The property is a legal shell currently zoned RM-1 multifamily, offering potential for future residential redevelopment in an area experiencing continued investment and neighborhood growth. The property is being sold in as-is condition and will require a full renovation, making it well-suited for buyers looking to create long-term value through redevelopment or repositioning. Conveniently located near public transportation, major roadways, shopping, and neighborhood amenities, the property benefits from strong accessibility and increasing demand throughout the surrounding area. Buyer is solely responsible for conducting their own due diligence regarding zoning, permitted uses, licensing, occupancy requirements, and redevelopment potential. Buyers are strongly advised to consult with their attorney, architect, and licensed professionals to independently verify all zoning and development information prior to purchase.
Pending
$95,000
1948 Rowan St, Philadelphia, PA 19140
5beds
1,958sqft
Townhouse
Built in 1930
1,276 Square Feet Lot
$-- Zestimate®
$49/sqft
$-- HOA
What's special
- 118 days
- 20
- 0
Zillow last checked:
Listing updated:
Listed by:
ERIC Dvotsky 267-243-4652,
BHHS Fox & Roach-Center City Walnut (215) 627-6005,
Co-Listing Agent: Jason L Rabinovich 267-326-1272,
BHHS Fox & Roach-Center City Walnut
Source: Bright MLS,MLS#: PAPH2622048
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,958
- Total interior livable area: 1,958 sqft
- Finished area above ground: 1,958
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 1,276 Square Feet
- Dimensions: 16.00 x 82.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 131356200
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Stone
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Nicetown-tioga
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $49/sqft
- Tax assessed value: $148,800
- Annual tax amount: $2,082
- Date on market: 5/15/2026
- Listing agreement: Exclusive Agency
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$2,190/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Pending sale | $95,000$49/sqft |
Source:  Bright MLS #PAPH2622048 Report a problem | ||
| 6/2/2026 | Price change | $95,000-9.5%$49/sqft |
Source: Bright MLS #PAPH2622048 Report a problem | ||
| 5/15/2026 | Listed for sale | $105,000+226.1%$54/sqft |
Source: Bright MLS #PAPH2622048 Report a problem | ||
| 11/3/2025 | Sold | $32,200+3120%$16/sqft |
Source: Public Record Report a problem | ||
| 6/13/2018 | Sold | $1,000-88.9%$1/sqft |
Source: Public Record Report a problem | ||
| 3/12/2014 | Sold | $9,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,083 +33.7% | $148,800 +33.7% |
| 2024 | $1,558 | $111,300 |
| 2023 | $1,558 +59% | $111,300 |
| 2022 | $980 | -- |
| 2021 | $980 +3.4% | -- |
| 2018 | $948 | -- |
| 2017 | $948 | -- |
| 2016 | $948 | -- |
| 2015 | $948 | -- |
| 2014 | $948 +4.5% | $67,700 +732.9% |
| 2012 | $907 | $8,128 |
| 2011 | -- | $8,128 |
| 2010 | -- | $8,128 |
| 2009 | -- | $8,128 |
| 2008 | -- | $8,128 |
| 2007 | -- | $8,128 +7.6% |
| 2006 | -- | $7,552 |
| 2005 | -- | $7,552 |
| 2004 | -- | $7,552 +9.8% |
| 2003 | -- | $6,880 -1.8% |
| 2002 | -- | $7,008 +29.6% |
| 2000 | -- | $5,408 |
| 1999 | -- | $5,408 |
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: Nicetown
Nearby schools
Similar homes
- $92,0003 bd1 ba1.3k sqft437 W Annsbury St, Philadelphia, PA 19140For Sale
MLS ID #PAPH2651268, Kirk Waechter, Prosperity Real Estate & Investment Services. Bright MLS - $99,9004 bd1 ba1.4k sqft54 E Collom St, Philadelphia, PA 19144For Sale
MLS ID #PAPH2664996, Aquillia Barracks, Realty Mark Cityscape. Bright MLS - $90,0005 bd2 ba1.7k sqft1929 N 23rd St, Philadelphia, PA 19121For Sale
MLS ID #PAPH2643800, Darya Martynenka, ROI National Realty Corp. Bright MLS - $100,0004 bd-- ba1.8k sqft3527 N 15th St, Philadelphia, PA 19140For Sale
MLS ID #PAPH2651360, Greg Hayes, United Real Estate. Bright MLS - $80,0003 bd1 ba1.1k sqft748 E Gray St, Philadelphia, PA 19144For SaleMLS ID #PAPH2669210, ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut. Bright MLS
- $89,0003 bd1 ba1.1k sqft2335 N 5th St, Philadelphia, PA 19133For SaleMLS ID #PAPH2665112, Paul Cheng, Keller Williams Realty - Cherry Hill. Bright MLS
- $105,0004 bd2 ba1.6k sqft3221 N 29th St, Philadelphia, PA 19129For SaleMLS ID #PAPH2658824, Robert Rosado, Century 21 Advantage Gold-Castor. Bright MLS
- $85,0004 bd2 ba1.4k sqft2108 S 60th St, Philadelphia, PA 19142For SaleMLS ID #PAPH2669212, ERIC Dvotsky, BHHS Fox & Roach-Center City Walnut. Bright MLS
- $97,5003 bd2 ba1.8k sqft6001 N Woodstock St, Philadelphia, PA 19138For SaleMLS ID #PAPH2660132, James Wick, Opus Elite Real Estate. Bright MLS
- $95,0003 bd2 ba1.2k sqft252 E Ontario St, Philadelphia, PA 19134For SaleMLS ID #PAPH2615636, Ron Halbruner, Keller Williams Realty - Cherry Hill. Bright MLS
- $95,0003 bd1 ba1.1k sqft3033 N Sydenham St, Philadelphia, PA 19132For SaleMLS ID #PAPH2615254, Ron Halbruner, Keller Williams Realty - Cherry Hill. Bright MLS
- $89,9003 bd1 ba1.2k sqft807 W Wellens St, Philadelphia, PA 19141For SaleMLS ID #PAPH2620640, Steven Osiecki, RE/MAX Access. Bright MLS
- $74,9002 bd1 ba1k sqft4161 N Darien St, Philadelphia, PA 19140For SaleMLS ID #PAPH2646580, George Petrakis, Realty Mark Associates. Bright MLS
- $130,0003 bd1 ba1k sqft4469 N Gratz St, Philadelphia, PA 19140For SaleMLS ID #PAPH2651800, Kim Leake, Realty ONE Group Focus. Bright MLS
- $115,0003 bd1 ba1.2k sqft1402 W Pacific St, Philadelphia, PA 19140For SaleMLS ID #PAPH2613968, Ron Halbruner, Keller Williams Realty - Cherry Hill. Bright MLS
- $79,9005 bd2 ba1.5k sqft2761 N 29th St, Philadelphia, PA 19132For SaleMLS ID #PAPH2590592, Chris Lane, Peters Gordon Realty Inc. Bright MLS
- $89,9003 bd1 ba1k sqft3329 W Firth St, Philadelphia, PA 19132For SaleMLS ID #PAPH2657736, Shahzad Faisal, Century 21 Advantage Gold-Southampton. Bright MLS
