2002 North 4th Street

Philadelphia, PA 19122

$629,900
Price
Beds
3,421 Sq. Ft.
$184 / Sq. Ft.
3,421
Sq. Ft.
$184
per Sq. Ft.

Description

Discover a prime investment opportunity in the heart of Norris Square with this modern, street-to-street multi-family property at 2002 N 4th St. Featuring a mix of two studio units, one 1-bedroom unit, and one 3-bedroom, 2-bathroom unit, this versatile property is perfect for savvy investors or those looking to house hack their way to financial freedom. With one unit currently vacant, you can move in and live rent-free while the other units generate income. Each unit boasts modern amenities, including...Discover a prime investment opportunity in the heart of Norris Square with this modern, street-to-street multi-family property at 2002 N 4th St. Featuring a mix of two studio units, one 1-bedroom unit, and one 3-bedroom, 2-bathroom unit, this versatile property is perfect for savvy investors or those looking to house hack their way to financial freedom. With one unit currently vacant, you can move in and live rent-free while the other units generate income. Each unit boasts modern amenities, including updated HVAC systems, ensuring comfort and efficiency. The property offers both front and back entrances, enhancing convenience and accessibility. Adding to its appeal, one of the studio units and the 1-bedroom unit each come with their own private outdoor spaces, providing a unique touch of urban living. Located in the up-and-coming Norris Square neighborhood, you're just a short walk from Berks Station and Norris Square Park. Nestled between Olde Kensington and Fishtown, this area is poised for growth, especially with the ongoing American Street revival. Don’t miss your chance to get in early and capitalize on this excellent opportunity! Key Features:

Multi-family property with a mix of unit sizes

House hack potential: Live rent-free with rental income from other units

Modern HVAC systems

Street-to-street property with front and back entrances

Private outdoor spaces for one studio and the 1-bedroom unit

Located in Norris Square, a neighborhood on the rise

Close to Berks Station, Norris Square Park, and the American Street corridor

Invest in your future with 2002 N 4th St—a modern multi-family home with incredible potential!
  1. Listed by Dean Pileggi • TCS Management, LLC
    P: (610)-730-7712 dean@tcsmgt.com

Property Details for 2002 North 4th Street

Tax ID Number
183328100
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Unit/Flat, Traditional
Waterfront
No
Garage
No
Subdivision
NORRIS SQUARE
Subdivision
NORRIS SQUARE (PHILADELPHIA PA)
LISTING UPDATED: 08/25/2024 04:05 AM

Property Details for 2002 North 4th Street

StatusActive
MLS #PAPH2388762
Days on Market86
Taxes$9,946 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1925
Lot Size0.04 AC / 1,620 SF
CountyPhiladelphia County

Building Information for 2002 North 4th Street

Stories-Residences4Year Built1925Building Size-Lot Size0.04 AC / 1,620 SF

Property Information for 2002 North 4th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19122 (19122)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $710,600
  • Year Assessed: 2024
  • Improvement Assessed Value: $568,500
  • City Town Tax: $4,376
  • Land Assessed Value: $142,100
  • Clean Green Assessed: No
  • Land Use Code: W50
  • Zoning: RM1
  • Tax Lot: 559
  • School Tax: $5,570
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: Yes
Lease Information
Lease Information
  • Owner Pays: Sewer, Trash Collection
Unit Information
Unit Information
  • Single Room Units Count: 2
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 1
  • Units Leased Count: 3
  • Number Of Units Vacant: 1
  • Vacancy Allowance Rate: 3.00%
Financial Information
Financial Information
  • Gross Income: $5,000
  • Cap Rate: 6.84
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 3,421.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 18.00 x 90.00
  • Lot Dimensions Source: Assessor
  • Lot Features: Other
  • Parcel ID: 987202
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Stove, Refrigerator, Microwave, Dishwasher, Washer, Dryer
  • Accessibility Features: Other
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Septic, Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Tri-County Suburban REALTORS

Property History for 2002 North 4th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2002 North 4th Street

Taxable ValueLand$142,100Additions$568,500Total$710,600
Tax Record2023$9,947 ($829 / month)
Home Facts
Total Finished SqFt3,421 SqFtAbove Grade Finished SqFt3,421 SqFtStories3Lot Size1,620 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925ZoningRSA5CountyPHILADELPHIAAPN18-3-3281-00

Schools near 2002 North 4th Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Mckinley William School
PublicPK to 8

Kensington Culinary Arts
Public9 to 12

Kensington HS
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2002 North 4th Street is a multi-family home for sale in Philadelphia, PA 19122. This property was listed for sale on August 21, 2024 by TCS Management, LLC, it's currently listed at $629,900. It has been on the market for a total of 86 days and was last sold on September 28, 2017. This listing's school district is The School District of Philadelphia. Nearby schools include Mckinley William School, Kensington Culinary Arts and Kensington HS. 2002 North 4th Street is a 0-bed, 0-bath, 3,421 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of TCS Management, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.