19 days on rocket

502 S 4th St, Philadelphia, PA, 19147

$1,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,424 SqFt
$365/SqFt
Multi
Schools Nearby

Location

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502 S 4th St, Philadelphia$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingPublic, On Street
Year Built1920
HeatingHot Water
CoolingCeiling Fan(s), Window Unit(s)
BasementYes
ViewCity
MLS #PAPH2352728
Lot Size0.02 Acres
StatusActive
(ACTIVE)

About 502 S 4th St

INVESTOR / OWNER OCCUPIED ALERT!! Great opportunity to live in a 4 Unit Corner Apt building (over 3,400 sf.) in prime Society Hill location. Use 3 rented apts. to pay your mortgage for instant equity or rent all 4 and start making $54,000 in NET income now! Rents are below market so raise the rents and make more $. Unit 4 is 1700 sf and makes an ideal owners unit occupying the top two floors of the building- 3 bedrooms/2.5 bath bright corner unit with windows on two sides, spacious kitchen with stainless dishwasher, new refrigerator, microwave and beamed ceiling plus roof access for fabulous city views and potential for a roof deck. Building is currently FULLY RENTED- Unit 4 is rented for $2,300/mo. Unit 1 is a studio ($1,150); Unit 2 is a 1 bedroom/1bath ($1,250) with new stove; Unit 3 is a 1 bedroom/ 1.5 bath bi level ($1,300) with new stove and microwave. All UTILITIES SEPARATED - Tenants pay own electric and gas. 4 gas furnaces and 4 NEWER gas hot water heaters ( 2018, 2019, 2021, 2021) plus one for laundry. Landlord pays only cold water and common electric. Low vacancy, well maintained and always easy to rent in this Premier location. Coin op washer and dryer in basement provides additional $1,000 yearly income. Convenient to hospitals, restaurants, shops, with easy access to NJ, plus McCall Elementary catchment. Start making money NOW!

Property Details

Property Features

Property Information:

  • Architectural Style: Dwelling with Rental, Unit/Flat, Bi-level
  • Year Built: 1920
  • Living Area: 3,424 SqFt

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (610) 822-3356
  • Listing Agent: Stephanie M MacDonald

Interior Features

Interior Information:

  • Appliances: Microwave, Dishwasher, Dryer, Exhaust Fan, Self Cleaning Oven, Oven, Gas Range, Refrigerator, Stainless Steel Appliances, Washer, Stove, Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood, Carpet, Ceramic Tile
  • Interior: Built-Ins

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Exterior Lighting, Sidewalks, Street Lights

Parking Information:

  • Parking: Public, On Street

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • Cooling: Ceiling Fan(s), Window Unit(s)

School Info

Assigned Schools Information:

  • Benjamin Franklin High School, Public District Grades 9-12
  • General George A. McCall School, Public District Grades KG-8

Other

Directions Information:

  • Directions: South on 4th. Property on corner of 4th and Lombard. Aka 402 Lombard St.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $365/SqFt

Tax Information:

  • Annual Amount: $12,871
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$258.8K

Med. Price/SqFt

$196

Avg. Days On Market

50

# of Sold Homes

960

502 S 4th St vs Philadelphia

19 DAYS ON ROCKET

-31 Days

$1,250,000

+$991.1K More

$365/SqFt

+$169 More

KEY TAKEAWAY

This property is $991.1K more than the Median Sold Price and $169/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2352728

Listing Office:

  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (610) 822-3356
  • Listing Agent: Stephanie M MacDonald

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 9:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 13, 2004Home Sold
$410,000

Tax History

YEARPROP. TAXASSESSMENT
2020$12,871 -
2019$12,455$889,800
2018$8,808$629,200
2017$8,808$629,200

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3969098
6
/10

  • General George A. McCall School

  • 325 S 7th St

  • 0.25 miles

  • Public District Grades KG-8

High School

school-card-donut-3969099
2
/10

  • Benjamin Franklin High School

  • 550 N Broad St

  • 1.60 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $85,360. Typical income of Philadelphia, PA residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19147›502 S 4th St

This home is located at 502 S 4th St in Philadelphia, PA and zip code 19147 in the Center City neighborhood. This 3,424 square foot home, which was built in 1920, sits on a 0.02 acre lot. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $1,250,000.

In April 2024 more than 242 listings in Philadelphia, PA were sold above the asking price. During the same period more than 216 listings were sold at asking price, while more than 502 were sold below. The inventory of homes for sale in Philadelphia, PA between March 2024 and April 2024 increased by 9.8%. In April 2024, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $258,806.

From Rocket Homes Real Estate and based on county public records data.

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