1016 S Reese Street

PHILADELPHIA, PA 19147

  • 2 Bed(s)
  • 1.0 Bath(s)
  • 648 Sqft
  • 495
    Acres(Lot)
$310,000

Description

Welcome to this charming 2-bedroom, 1-bath brick-front townhome which offers the perfect mix of character, location, and income-generating potential. whether you're a buyer looking for a home in one of philadelphia’s most vibrant neighborhoods or an investor seeking a tenant-occupied property with reliable cash flow, this one delivers.

the home greets you with a classic brick façade and beautifully detailed cornice that adds historic appeal. step inside to find high ceilings, hardwood flooring, and a spacious main level layout that flows seamlessly from the welcoming living area into a large, well-appointed kitchen—ideal for cooking, entertaining, or just enjoying everyday comfort.

upstairs, two sun-filled bedrooms provide flexibility for a variety of living needs, including shared occupancy or a home office setup. the full bathroom on this level is well-positioned for convenience and privacy. out back, a private rear yard creates a peaceful outdoor escape, perfect for relaxing, barbecuing, or gardening. the basement is unfinished but clean and well-maintained, with full ceiling height, laundry units, and ample storage space—offering future potential for customization or additional living space.

currently tenant-occupied at $1,700 per month through august 2025, this home is a turnkey investment in a neighborhood where rental demand remains strong. the location is unmatched—earning a walk score of 91, where daily errands can easily be completed without a car. with a transit score of 70, public transportation is convenient for most trips, and a bike score of 84 highlights the area's excellent biking infrastructure. commuters will appreciate being just 19 minutes from the broad street line via the ellsworth-federal station stop.

nearby amenities include local favorites like paris baguette, bambu, and many more eateries. grocery shopping is a breeze with options like giordano pf produce, richette's south philly cold, and marie’s grocery close by. for families, schools such as nebinger george w school and horace furness high school are within reach. outdoor enthusiasts will enjoy the proximity to jefferson square, cianfrani park, and the historic tomb of the unknown soldier of the revolution.

additionally, the property qualifies for the cra program, offering a conventional loan with no mortgage insurance, low down payment and lower interest rate.

this is a rare opportunity to own a versatile, income-producing home in one of philadelphia’s most walkable and desirable communities. schedule your tour today before it's gone!

  • Property Type

    Residential
  • Subdivision

    Queen Village
  • County

    PHILADELPHIA
  • Style

    Colonial
  • AD ID

    50161010

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2
    • Total Bedroom (Upper): 2
    • Bedroom Upper Level 1: 2

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Laundry Source

    • Laundry Type : Basement

    Water/Sewer

    • Water Source : Public

    Interior Features

    • Bathroom - Stall Shower
    • Exterior Property Features : Sidewalks,Street Lights
    • Basement Description: Full,Unfinished

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Hot Water
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Natural Gas
  • Building Information

    • Exterior Features: Sidewalks,Street Lights
    • Year Built: 1920
    • Structure: Interior Row/Townhouse
    • New Construction: No
    • Built: 1920
    • Construction Material: Masonry
    • Foundation/Basement: Other
    • Architecture: Colonial
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas
  • Lot Information

    • Lot Size: 495
    • Dimensions: 14.00 x 35.00
    • Lot Size (Acres): 0.01
    • Architectural Style: Colonial
    • Main Square Feet: 495

    Property Information

    • SQ ft: 648
    • SQ ft (Living Area): 648
    • Total Lot SQ ft: 495
    • View: Street
    • Subdivision: QUEEN VILLAGE
    • Financing: Cash,Conventional,FHA,VA
    • Appx. Lot Dimensions: 14.00 x 35.00
    • Total Acreage: 0.01
    • New Construction: No
    • Type: Colonial
  • Listing Information

    • Possession: Immediate
    • Days Of Market: 1

    Lease Information

    • Lease Considered: No
  • Tax Information

    • Annual Tax: $4,065
    • Tax Year: 2025
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $290,400
  • Virtual Tour

    Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,FHA,VA

    Homeowners Association Information

    • Direction: Coming from Washington Ave turn onto S 5th St, make a left onto Carpenter St and then another left onto S Reese St. The property will be on the right hand side.
  • School Information

    • School District: THE SCHOOL DISTRICT OF PHILADELPHIA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Natural Gas
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Coming from Washington Ave turn onto S 5th St, make a left onto Carpenter St and then another left onto S Reese St. The property will be on the right hand side.
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Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2025 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

BuyOwner last updated this listing 07/04/2025 @ 17:09

  • MLS: PAPH2488332
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 2 bedrooms which is for sale, it has 648 sqft, 495 sized lot, and 0 parking. are nearby neighborhoods.