2020 Locust Street in Rittenhouse Square represents a generational real estate acquisition opportunity to purchase a blue-chip multifamily building in an irreplaceable location — 1.5 blocks to Rittenhouse Square Park— the most esteemed neighborhood in Philadelphia, Pennsylvania. This seven (7) unit apartment building is a turnkey investment. PRIME CENTRAL REAL ESTATE. The Property consists of 4,000 SF with 1 commercial space, 3 studios, 2 1bds, + 1 2bd residence with a private rooftop terrace overlooking Rittenhouse Square and Center City. Renovated in 2017 with hardwood floors, contemporary kitchens and baths, laundry, upgraded HVAC + more. 2020 Locust is an irreplaceable commercial real estate investment in the top destination in the world to visit in 2026 (WSJ) — Philadelphia, Pennsylvania. Philly currently ranks as a Top-5 submarket for rent growth, boosted by stable, consistent demand from the "Eds & Meds" economy driven by Chop, Penn, HUP, Drexel, Schuylkill Yards, Science Center, Comcast, Aramark, Jefferson and other world-class employers, health and education systems. Enquire within for rent roll, T12, floorplans.
For sale
Price cut: $40K (4/27)
$2,290,000
2020 Locust St, Philadelphia, PA 19103
5beds
--baths
4,008sqft
Multi Family
Built in 1817
-- sqft lot
$-- Zestimate®
$571/sqft
$-- HOA
What's special
Contemporary kitchensPrivate rooftop terraceHardwood floorsUpgraded hvac
- 480 days |
- 330 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Ryan McManus 610-606-1095,
Keller Williams Liberty Place 6093995454,
Co-Listing Agent: Brandon Ribeiro 267-945-8167,
Keller Williams Liberty Place
Source: Bright MLS,MLS#: PAPH2454236
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Heating
- Other, Electric
Cooling
- Ductless, Electric
Appliances
- Included: Electric Water Heater
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 4,008
- Total interior livable area: 4,008 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
- Has view: Yes
- View description: City, Park/Greenbelt, Panoramic
Lot
- Size: 1,360 Square Feet
- Dimensions: 1.00 x 1360.00
Details
- Additional structures: Above Grade
- Parcel number: 881569610
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Straight Thru
- Property subtype: Multi Family
Materials
- Masonry
- Roof: Flat
Condition
- Excellent
- New construction: No
- Year built: 1817
- Major remodel year: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Rittenhouse Square
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $571/sqft
- Tax assessed value: $1,118,798
- Annual tax amount: $15,660
- Date on market: 3/7/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$4,881/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/27/2026 | Price change | $2,290,000-1.7%$571/sqft |
Source:  Bright MLS #PAPH2454236 Report a problem | ||
| 1/8/2026 | Price change | $2,330,000-2.9%$581/sqft |
Source: Bright MLS #PAPH2454236 Report a problem | ||
| 3/7/2025 | Price change | $2,400,000-4%$599/sqft |
Source: Bright MLS #PAPH2454236 Report a problem | ||
| 12/11/2023 | Listed for sale | $2,500,000+11.1%$624/sqft |
Source: Bright MLS #PAPH2304646 Report a problem | ||
| 10/30/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 10/13/2021 | Listed for rent | $1,595+18.1% |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 11/17/2020 | Sold | $2,250,000$561/sqft |
Source: Public Record Report a problem | ||
| 11/13/2020 | Pending sale | $2,250,000$561/sqft |
Source: Compass Pennsylvania, LLC #PAPH912874 Report a problem | ||
| 11/7/2020 | Listed for sale | $2,250,000$561/sqft |
Source: Compass Pennsylvania, LLC #PAPH912874 Report a problem | ||
| 9/29/2020 | Pending sale | $2,250,000$561/sqft |
Source: Compass Pennsylvania, LLC #PAPH912874 Report a problem | ||
| 7/8/2020 | Listed for sale | $2,250,000+125%$561/sqft |
Source: Compass Pennsylvania, LLC #PAPH912874 Report a problem | ||
| 4/18/2018 | Listing removed | $1,350 |
Source: Owner Report a problem | ||
| 3/18/2018 | Price change | $1,350-1.8% |
Source: Owner Report a problem | ||
| 2/23/2018 | Listed for rent | $1,375 |
Source: Owner Report a problem | ||
| 5/6/2013 | Sold | $1,000,000+0%$250/sqft |
Source: Agent Provided Report a problem | ||
| 4/9/2013 | Price change | $999,990-14.9%$249/sqft |
Source: Prudential Fox and Roach #6170039 Report a problem | ||
| 2/14/2013 | Listed for sale | $1,175,000$293/sqft |
Source: Prudential Fox and Roach #6170039 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,824 +26.6% | $1,416,200 |
| 2024 | $15,661 | $1,416,200 |
| 2023 | $15,661 +37.9% | $1,416,200 |
| 2022 | $11,353 | -- |
| 2021 | $11,353 -30.4% | -- |
| 2018 | $16,309 +37.3% | -- |
| 2017 | $11,876 +3% | -- |
| 2016 | $11,529 +8.4% | -- |
| 2015 | $10,636 | -- |
| 2014 | $10,636 +4.5% | $759,800 +816% |
| 2012 | $10,181 | $82,944 |
| 2011 | -- | $82,944 |
| 2010 | -- | $82,944 |
| 2009 | -- | $82,944 |
| 2008 | -- | $82,944 |
| 2007 | -- | $82,944 +20% |
| 2006 | -- | $69,120 |
| 2005 | -- | $69,120 +20% |
| 2004 | -- | $57,600 |
| 2003 | -- | $57,600 +12.8% |
| 2002 | -- | $51,072 |
| 2000 | -- | $51,072 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Rittenhouse
Nearby schools
GreatSchools rating
- 9/10Greenfield Albert M SchoolGrades: K-8Distance: 0.3 mi
- 2/10Franklin Benjamin High SchoolGrades: 9-12Distance: 1.2 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.
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