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701-3 Reed St, Philadelphia, PA 19147

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For Sale

$600,000

0.03 acres

Estimated Payment

$ 3,351 /mo. †

6.65% APR for 30 yrs.
$3,229 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Investment opportunities await! This very flexible triplex is nestled between Queens Village and the Passyunk area of South Philly. Just blocks from South Street, and loads of famous Philly institutions like Pat's Steaks, the Italian Market, Johns Water Ice, and so much more. The first floor features a sizable commercial space (most recently used as a pottery studio), with a separate living room and bathroom with laundry. On the second floor is a sensible and stylish one bedroom apartment with a living and a full kitchen. There's plenty of natural light and the hardwood floors accentuate the charm. The third floor apartment has a separate entrance and features 2 large bedrooms, a large kitchen and a living room. With the right touch, this property is an investment gem, great layouts and superbly located. Call for an appointment today.
MLS# PAPH2430348

Courtesy Of Long & Foster Real Estate

(888) 536-0216

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Heating System
    Radiant
  • Lot Size
    0.03 Acres

Map and Directions

Directions to 701-3 Reed St, Philadelphia, PA 19147

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $3,081
  • Property Taxes
    $269
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $3,351

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Eliza Butler Kirkbride School

Grades KG-8 Public School

Philadelphia, PA 19147 0.1 miles
1501 s 7th st

548 total students
15:1 Student teacher ratio

School Rating: B

School Details

Furness High School

Grades 9-12 Public School

Philadelphia, PA 19148 0.6 miles
1900 s 3rd st

697 total students
14:1 Student teacher ratio

School Rating: C

School Details
Other Nearby Schools Distance Type Grades School Rating
The Bridge Way School 0.2 miles Private 9-12
Vare-washington School 0.2 miles Public KG-8 B-
George W. Nebinger Elementary School 0.4 miles Public KG-8 C+
Fanny Jackson Coppin School 0.4 miles Public KG-8 B-
Southwark School 0.4 miles Public KG-8 C+
Christopher Columbus Charter School 0.5 miles Public KG-8 B
William M. Meredith School 0.6 miles Public KG-8 A-
Academy At Palumbo 0.7 miles Public 9-12 A-
Creative And Performing Arts 0.7 miles Public 9-12 C
Francis Scott Key School 0.8 miles Public KG-6 C
South Philadelphia High School 0.8 miles Public 9-12 C-
G.w. Childs Elementary School 0.9 miles Public KG-8 C-
Universal Institute Charter School 0.9 miles Public KG-9 B-
St Peters School 0.9 miles Private PK-8
General George A. Mccall School 0.9 miles Public KG-8 B
George W. Sharswood School 0.9 miles Public KG-8 C+
Edwin M. Stanton School 1 miles Public KG-8 B-
John H. Taggart School 1 miles Public KG-8 C

The Bridge Way School

Distance: 0.2 miles

Type Private

Grades: 9-12

Vare-washington School

Distance: 0.2 miles

Type Public

Grades: KG-8

B-

George W. Nebinger Elementary School

Distance: 0.4 miles

Type Public

Grades: KG-8

C+

Fanny Jackson Coppin School

Distance: 0.4 miles

Type Public

Grades: KG-8

B-

Southwark School

Distance: 0.4 miles

Type Public

Grades: KG-8

C+

Christopher Columbus Charter School

Distance: 0.5 miles

Type Public

Grades: KG-8

B

William M. Meredith School

Distance: 0.6 miles

Type Public

Grades: KG-8

A-

Academy At Palumbo

Distance: 0.7 miles

Type Public

Grades: 9-12

A-

Creative And Performing Arts

Distance: 0.7 miles

Type Public

Grades: 9-12

C

Francis Scott Key School

Distance: 0.8 miles

Type Public

Grades: KG-6

C

South Philadelphia High School

Distance: 0.8 miles

Type Public

Grades: 9-12

C-

G.w. Childs Elementary School

Distance: 0.9 miles

Type Public

Grades: KG-8

C-

Universal Institute Charter School

Distance: 0.9 miles

Type Public

Grades: KG-9

B-

St Peters School

Distance: 0.9 miles

Type Private

Grades: PK-8

General George A. Mccall School

Distance: 0.9 miles

Type Public

Grades: KG-8

B

George W. Sharswood School

Distance: 0.9 miles

Type Public

Grades: KG-8

C+

Edwin M. Stanton School

Distance: 1 miles

Type Public

Grades: KG-8

B-

John H. Taggart School

Distance: 1 miles

Type Public

Grades: KG-8

C

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Philadelphia, PA 19147

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Philadelphia, PA 19147

This community’s employment is highest in the food and administrative support industries. The area’s overall household expenses are above the national average.

87° July
Hottest Average Month
26° January
Coldest Average Month
18,581 Total Households in Area
-3% Increase in population since the year 2010
20.7%
of households
have children
25 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Philadelphia, PA 19147

Philadelphia, PA 19147 has a population of 39,662 people in 18,581 households with a median age of 36.7 years old.

-3%
Decrease in population
since the year 2010
Population is Trending down
19,371
Total households as of 2010
1.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 36.7 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 65%
Asian 12%
Hispanic 10%
Black 9%
Other 5%
Native American <1%
The most prevalent ethnicity is White at 65%, followed by Asian at 12%, Hispanic at 10%, and Black at 9%.

Economics
for Philadelphia, PA 19147

24,654 /sq mi
Population Density
$101,249 /yr
Median Household Income
$450,000
Median Sales Price
25 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 20.81% of the households.

Transportation to Work

  • Drive 34%
  • Walk or Bike 27%
  • Work from Home 22%
  • Public Transit 18%

Occupancy by Type

Owned 10,411 51%
Rented 8,170 40%
Vacant 1,773 9%

White vs Blue Collar Jobs







White Collar 94%
Blue Collar 6%

Family & Education Facts
for Philadelphia, PA 19147

36.7 Median Age

Average Household Size

2.1
persons per
household

35.1%

Married Households

Community Population By Education

Bachelors Degree 35%
Graduate Degree 33%
High School Graduate 11%
Some College 10%
Some High School 7%
Associates Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 34.68% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
20.8% of households have children

Weather
for Philadelphia, PA 19147

The weather for this area ranges from a high of 87° F in July to a low of 26° F in January

87° July
Hottest Average Month
26° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
26°
40°
Feb
27°
43°
Mar
34°
52°
Apr
44°
64°
May
53°
74°
Jun
63°
83°
Jul
68°
87°
Aug
67°
85°
Sep
60°
78°
Oct
48°
68°
Nov
39°
56°
Dec
30°
44°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Philadelphia, PA 19147!
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Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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