1 month on rocket

1242 S 51st St, Philadelphia, PA, 19143

$450,000

Home List Price

$5,344*

Closing Credit

0 Baths
2,850 SqFt
$158/SqFt
Multi

Location

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1242 S 51st St, Philadelphia$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built1915
HeatingForced Air
CoolingWindow Unit(s)
BasementYes
MLS #PAPH2396446
Lot Size0.03 Acres
StatusActive
(ACTIVE)

About 1242 S 51st St

Exceptional Owner-Occupant Opportunity in Kingsessing Park – 1242 S 51st Street, Philadelphia, PA 19143 This stunning 3,240 sq. ft. Victorian triplex is the perfect blend of historical charm and modern updates, making it an unbeatable investment for any owner-occupant looking for immediate cash flow or to add to their portfolio. Nestled directly across from the serene Kingsessing Park, this property offers not only a prime location but also a unique opportunity to let your tenants help cover the mortgage while you enjoy steady property appreciation. Key Features: Structural Integrity: Comprehensive updates to the property include: New windows and siding (2018) Brand-new roof with a 10-year warranty (2022) Upgraded electrical service All beams replaced and new masonry work, ensuring lasting structural integrity. Flooring under warranty for additional peace of mind. Utilities & Systems: Separate water meters for each unit, offering tenants autonomy and landlords ease of management. Laundry hookups available for added convenience. A recently recertified fire alarm system. Full surveillance system installed for enhanced security. Remote control temperature for seamless management of heating and cooling. Ongoing Maintenance: The property includes a month-to-month exterminator contract, ensuring ongoing pest control and maintenance, providing tenants and landlords peace of mind. Rental Income: Current Rental Breakdown: Unit 1: 1 bed/1 bath, $1,100/mo, fully renovated with direct access to the yard. Unit 2: 2 bed/1 bath, $1,100/mo, fully renovated with modern finishes. Unit 3: 3 bed/1 bath, $1,200/mo, newly renovated in 2024 with breathtaking views of Kingsessing Park and a livable attic space. The property is already generating consistent income through University Contracts, making this an ideal investment for those seeking a dependable revenue stream. Prime Location: Situated close to Bartram's Historic Garden, University City, and convenient public transportation, this property offers an unbeatable location for tenants. The street also features a local library, adding to the community feel of the neighborhood. This move-in-ready triplex is not only an architectural beauty but also a sound investment with all the major updates completed. Don’t miss out on the chance to own a piece of Philadelphia’s Victorian charm, upgraded with modern amenities. Contact Dominique Ferguson at RE/MAX Classic Realtors for a private showing today.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1915
  • Living Area: 2,850 SqFt

Listing Office:

  • Office Name: RE/MAX Classic
  • Office Phone: (610) 687-2900
  • Listing Agent: William Holder

Interior Features

Interior Information:

  • Appliances: Stove, Refrigerator
  • Basement: Yes
  • Flooring Type: Laminate Plank

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • John Bartram High School, Public District Grades 9-12
  • Benjamin B. Comegys School, Public District Grades KG-7

Other

Directions Information:

  • Directions: GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $158/SqFt

Tax Information:

  • Annual Amount: $1,383
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$260.3K

Med. Price/SqFt

$198

Avg. Days On Market

46

# of Sold Homes

907

1242 S 51st St vs Philadelphia

43 DAYS ON ROCKET

-3 Days

$450,000

+$189.6K More

$158/SqFt

-$40 Less

KEY TAKEAWAY

This property is $189.6K more than the Median Sold Price and $40/SqFt less than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2396446

Listing Office:

  • Office Name: RE/MAX Classic
  • Office Phone: (610) 687-2900
  • Listing Agent: William Holder

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: 10/31/2024, 9:20:53 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

Jul 12, 2018Home Sold
$225,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,383 -
2019$1,205$86,100
2018$1,932$138,000
2017$1,932$138,000

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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-855856
3
/10
  • Benjamin B. Comegys School

  • 5100 Greenway Ave

  • 0.11 miles

  • Public District Grades KG-7

High School

school-card-donut-855857
2
/10
  • John Bartram High School

  • 2401 S 67th St

  • 1.57 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,644. Typical income of Philadelphia, PA residents is less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia191431242 S 51st St

This home is located at 1242 S 51st St in Philadelphia, PA and zip code 19143 in the Southwest Schuylkill neighborhood. This 2,850 square foot home, which was built in 1915, sits on a 0.03 acre lot. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $450,000.

Over 210 listings were sold over their listed price in September 2024 in Philadelphia, PA. In the same period over 494 listings were sold below the listed price and 203 listings were sold for the listed price. In September 2024 in Philadelphia, PA there were 7.8% more homes for sale than in August 2024. In September 2024 median list price was $260,372 and the average listing age was 46 days.

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

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