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711 W Thompson Street

Philadelphia, PA 19122

– beds
– baths
3,360 sqft
1,134 sqft lot
$228 per sqft
1900 build

Great Location and Improved Pricing!!! Discover urban sophistication and modern living in this beautifully renovated legally RM1 zoned multi family (up to 4 units allowed) located in the heart of Olde Kensington, one of Philadelphia's most vibrant neighborhoods. Ideal for investors seeking a turnkey property or homeowners looking for rental income opportunities. Strong rental income potential in a sought-after rental market with the average one to two bedrooms renting for $1700-$2300 per month. This is a great income producing property for a seasoned investor or owner-occupant looking to offset their living expenses. Prime location that’s walking distance to public transportation, art galleries, shops, restaurants, cafes and much more! The property was originally two separate parcels that were combined to make one large multi family spanning over 3300 square feet. The home was fully gutted, designed by an architect (drawings/plans available upon request) and constructed in 2017. Construction included a Brand New roof, new electrical, new plumbing, HVAC, framing, flooring, windows and doors. There’s still 3 years remaining on the Tax Abatement. The property is ADA compliant and all utilities are separated. The home is approved for a pilot house and roof deck (approved drawings/plans available upon request) which would add more value to this already perfect property. Everything about this property was well thought out from the bike room to the extra wide stairways making it easy for tenants to move furniture in and out. The owners used the property as a live & work space with the first floor being an art gallery, second floor an art studio and the third floor as their primary residence. Schedule your showing today and don’t miss out on the opportunity to own this very special property.

Listing courtesy of BRIGHT / OCF Realty LLC - Philadelphia

Last checked: Checking… • Last updated Oct 30, 2024 •

MLS# PAPH2368942 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1900
Year Built Source:

Assessor
Year Major Reno/Remodel:

2017
New Construction:

No
Construction Materials:

Masonry
Structure Type:

End of Row/Townhouse
Architectural Style:

Traditional
Building Units Total:

2
Accessibility Features:

2+ Access Exits, Ramp - Main Level
Foundation Details:

Brick/Mortar
Basement:

Yes
Basement Type:

Full
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

3360

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

3360
Living Area SqFt:

3,360 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

FHA, Cash, Conventional, VA
Possession:

Immediate

Location

Directions:

GPS
Latitude:

39.97202000
Longitude:

-75.14901000

The Property

Property Type:

Multi-Family
Property Subtype:

Triplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

28.00 x 41.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,134 Sqft
Zoning:

RM1
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

W50
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

141453020
Tax Year:

2024
Tax Lot:

9015
Tax Annual Amount:

$8,869
Tax Assessed Value:

$633,600
Year Assessed:

2024
School Tax:

4966.0
City/Town Tax:

3902.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Pool:

No Pool
Spa:

No
Municipal Trash:

Yes

Parking

Garage:

No
Type of Parking:

Other

Extra Units

Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

2
Two Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
10/19/24 Oct 19, 2024	Price Changed	BRIGHT	$769,000	-6.8%
7/29/24 Jul 29, 2024	Price Changed	BRIGHT	$824,995	-7.8%
6/22/24 Jun 22, 2024	Listed / Active	BRIGHT	$895,000

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This multifamily located in Lower North, Philadelphia, PA 19122 is currently for sale for $769,000. 711 W Thompson Street is a 3,360 square foot multifamily with – beds and – baths. 711 W Thompson Street is in the Lower North neighborhood of Philadelphia and has a WalkScore® of 89, making it very walkable. This multifamily is in the attendance area of James R. Ludlow School and Penn Treaty School.

Listing Courtesy of: BRIGHT and OCF Realty LLC - Philadelphia.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.