711 West Thompson Street

Philadelphia, PA 19122

$695,000
Price
Beds
3,360 Sq. Ft.
$207 / Sq. Ft.
3,360
Sq. Ft.
$207
per Sq. Ft.

Description

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...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.
  1. Listed by Jahlil N Edwards • OCF Realty LLC - Philadelphia
    P: (267)-325-7815 jay@ocfrealty.com

Property Details for 711 West Thompson Street

Tax ID Number
141453020
Ownership
Fee Simple
Structure Type
End of Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Municipality
PHILADELPHIA
Central Air
Yes
LISTING UPDATED: 11/26/2024 03:09 PM

Property Details for 711 West Thompson Street

StatusActive
MLS #PAPH2368942
Days on Market164
Taxes$8,869 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.03 AC / 1,134 SF
CountyPhiladelphia County

Building Information for 711 West Thompson Street

Stories-Residences2Year Built1900Building Size-Lot Size0.03 AC / 1,134 SF

Property Information for 711 West Thompson 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: $633,600
  • Year Assessed: 2024
  • Improvement Assessed Value: $451,880
  • City Town Tax: $3,902
  • Land Assessed Value: $181,720
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: W50
  • Zoning: RM1
  • Tax Lot: 9015
  • School Tax: $4,966
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 0
  • Number Of Units Vacant: 3
  • Number Of Units Month To Month: 0
  • Rent Control: No
Financial Information
Financial Information
  • Existing Lease Type: None
Building Info
Building Info
  • Year Major Reno Remodel: 2017
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 28.00 x 41.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 15731151
Parking
Parking
  • Type Of Parking: Other
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: 2+ Access Exits, Ramp - Main Level
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office

Property History for 711 West Thompson 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 711 West Thompson Street

Taxable ValueLand-Additions-Total-
Tax Record2024$6,023 ($502 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtStories3Lot Size1,134 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningRM1CountyPHILADELPHIAAPN14-1-4530-20

Schools near 711 West Thompson Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ludlow James R School
PublicPK to 8

Penn Treaty Middle School
Public6 to 12

Bodine William W High School
Public9 to 12

The U School: Innovative Lab
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.

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711 West Thompson Street is a multi-family home for sale in Philadelphia, PA 19122. This property was listed for sale on June 22, 2024 by OCF Realty LLC - Philadelphia, it's currently listed at $695,000. It has been on the market for a total of 164 days and was last sold on February 8, 2012. This listing's school district is The School District of Philadelphia. Nearby schools include Ludlow James R School, Penn Treaty Middle School and Bodine William W High School. 711 West Thompson Street is a 0-bed, 0-bath, 3,360 sqft multi-family home built in 1900.

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 OCF Realty LLC - Philadelphia

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.