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.
For sale
Price cut: $10K (6/2)
$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
- 44 days |
- 194 |
- 5 |
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
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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
$2,439/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $5,408 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Nicetown
Getting around
76 / 100
Excellent TransitNearby schools
GreatSchools rating
- 5/10Steel Edward SchoolGrades: PK-8Distance: 0 mi
- 9/10Central High SchoolGrades: 9-12Distance: 1.3 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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