Unique investment opportunity in South Philadelphia featuring a multi-car garage and a second-floor apartment, both currently tenant-occupied, offering immediate rental income. The garage accommodates approximately four vehicles and provides strong income potential, with estimated rental income of $800–$1,000 per month (buyer to verify). The second-floor apartment was remodeled in 2019 and includes updated roof, HVAC and a water heater. Estimated rental income for the apartment is $1,200–$1,400 per month (buyer to verify). The unit offers a functional layout with ample storage and closet space, an eat-in kitchen with granite countertops and tile backsplash, newer appliances, gas range, hardwood floors throughout, central air conditioning, and recessed lighting. Tenant is responsible for all utilities except water and provides their own washer and dryer. Property presents an excellent opportunity for investors seeking a well-maintained, income-producing asset in a South Philadelphia location. All measurements, rental amounts, and property information are approximate and subject to buyer verification.
For sale
Price cut: $10K (6/6)
$525,000
407 Pierce St, Philadelphia, PA 19148
2beds
--baths
800sqft
Townhouse
Built in 1960
-- sqft lot
$511,300 Zestimate®
$656/sqft
$-- HOA
What's special
Multi-car garageSecond-floor apartmentEat-in kitchenGas rangeRecessed lightingTile backsplashFunctional layout
- 141 days |
- 211 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Angela Manzi 610-405-2984,
Keller Williams Real Estate - Media 6105651995
Source: Bright MLS,MLS#: PAPH2581082
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 800
- Total interior livable area: 800 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 887 Square Feet
- Dimensions: 16.00 x 56.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 011377600
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Slab
Condition
- Excellent
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: No Septic System
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $656/sqft
- Tax assessed value: $240,000
- Annual tax amount: $3,359
- Date on market: 2/8/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 27600
- Income includes: Apartment Rentals
Estimated market value
$511,300
$486,000 - $537,000
$1,617/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2026 | Price change | $525,000-1.9%$656/sqft |
Source: | ||
| 3/7/2026 | Price change | $535,000-2.7%$669/sqft |
Source: | ||
| 2/8/2026 | Listed for sale | $550,000+4483.3%$688/sqft |
Source: | ||
| 7/2/2019 | Listing removed | $1,000$1/sqft |
Source: Keller Williams Real Estate #PAPH725382 Report a problem | ||
| 7/1/2019 | Sold | $12,000$15/sqft |
Source: Agent Provided Report a problem | ||
| 6/11/2019 | Price change | $1,000-16.7%$1/sqft |
Source: Keller Williams Real Estate #PAPH725382 Report a problem | ||
| 3/12/2019 | Listed for rent | $1,200$2/sqft |
Source: KW Real Estate-Media #PAPH725382 Report a problem | ||
| 6/13/2017 | Listing removed | $1,200$2/sqft |
Source: Media #6992632 Report a problem | ||
| 5/30/2017 | Listed for rent | $1,200$2/sqft |
Source: Keller Williams Real Estate-Media #6992632 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,360 +18.1% | $240,000 +18.1% |
| 2024 | $2,846 | $203,300 |
| 2023 | $2,846 +16.2% | $203,300 |
| 2022 | $2,450 | -- |
| 2021 | $2,450 +8.4% | -- |
| 2018 | $2,261 | -- |
| 2017 | $2,261 -84.4% | -- |
| 2016 | $14,451 | -- |
| 2015 | $14,451 | -- |
| 2014 | $14,451 +629.2% | $147,900 +3109.6% |
| 2012 | $1,982 | $4,608 |
| 2011 | -- | $4,608 |
| 2010 | -- | $4,608 |
| 2009 | -- | $4,608 |
| 2008 | -- | $4,608 |
| 2007 | -- | $4,608 +7.5% |
| 2006 | -- | $4,288 |
| 2005 | -- | $4,288 |
| 2004 | -- | $4,288 |
| 2003 | -- | $4,288 |
| 2002 | -- | $4,288 |
| 2000 | -- | $4,288 |
| 1999 | -- | $4,288 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Dickinson Narrows
Nearby schools
GreatSchools rating
- 6/10Vare-Washington Elementary SchoolGrades: PK-8Distance: 0.5 mi
- 2/10Furness Horace High SchoolGrades: 9-12Distance: 0.2 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.
A local agent can set up tours, give advice and negotiate with sellers.





