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: $20K (8/14)
$2,270,000
2020 Locust St, Philadelphia, PA 19103
5beds
--baths
4,008sqft
Multi Family
Built in 1817
-- sqft lot
$-- Zestimate®
$566/sqft
$-- HOA
What's special
Contemporary kitchensPrivate rooftop terraceHardwood floorsUpgraded hvac
- 540 days
- 498
- 11
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
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: $566/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
$6,014/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2026 | Price change | $2,270,000-0.9%$566/sqft |
Source:  Bright MLS #PAPH2454236 Report a problem | ||
| 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
Payment breakdown
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Neighborhood: Rittenhouse
Nearby schools
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