1948 Rowan St presents a prime value-add opportunity in Philadelphia for investors, developers, or savvy end users seeking a multifamily redevelopment project. The property is a legal shell currently zoned RM-1 multifamily, offering potential for future residential redevelopment in an area experiencing continued investment and neighborhood growth. The property is being sold in as-is condition and will require a full renovation, making it well-suited for buyers looking to create long-term value through redevelopment or repositioning. Conveniently located near public transportation, major roadways, shopping, and neighborhood amenities, the property benefits from strong accessibility and increasing demand throughout the surrounding area. Buyer is solely responsible for conducting their own due diligence regarding zoning, permitted uses, licensing, occupancy requirements, and redevelopment potential. Buyers are strongly advised to consult with their attorney, architect, and licensed professionals to independently verify all zoning and development information prior to purchase.
Listed by ERIC Andrew Dvotsky
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License #rs332410
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BHHS Fox & Roach-Center City Walnut
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2672434652
Last updated June 02, 2026
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Source: BrightMLS #PAPH2622048
Listing Facts
TypeSingle-family
NeighborhoodNicetown
Bedrooms5
Bathrooms2
Days on Prevu32
Taxes$2,082/year
Size1,958 sqft
Price per sqft$49
Location
Mortgage Calculator
Listing History
06/02/2026
Price Decreased
$95,000
05/15/2026
Listed by BHHS Fox & Roach-Center City Walnut
$105,000
Property Details for 1948 Rowan Street
Exterior
Construction
New Construction: No
Year Built: 1930
Architectural Style: Traditional
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.03
Lot Size Dimensions: 16
Lot Size Source: Assessor
Lot Size Square Feet: 1,276
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $2,082.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 1,958
Living Area Source: Assessor
Rooms
Has Basement: No
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 5
Other
General
Senior Community: No
Location
Subdivision Name: NICETOWN-TIOGA
Tax Lot: 92
Parking
Parking
Garage: No
Utilities
Equipment
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 5 bedrooms and 2 bathrooms in this single-family home at 1948 Rowan Street.
What are the annual taxes for 1948 Rowan Street?
Annual taxes for this single-family home are estimated at $2,082.
How does 1948 Rowan Street compare to other single-family homes in Nicetown?
This single-family home is listed 24% below the average price for single-family homes in Nicetown and has been on the market for 77 less days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 1,958 sqft.
1948 Rowan Street is a 5-bedroom, 2-bath single-family home for sale in PHILADELPHIA PA 19140. On Prevu for 32 days at $95,000. This includes a recent price decrease of $10,000. This residence features 1,958 square feet of living space, located in Nicetown. The median listing price for single-family homes in this area is $129,900. Explore more single-family home listings in Philadelphia.
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