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 room 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.
Listed by Arthur B Herling
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License #RM421747I
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Long & Foster Real Estate, Inc.
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2154313944
Last updated September 07, 2025
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Source: BrightMLS #PAPH2436516
Listing Facts
TypeSingle-family
NeighborhoodPassyunk Square
Bedrooms3
Bathrooms3
Days on Prevu236
Taxes$3,229/year
Size2,983 sqft
Price per sqft$134
Location
Mortgage Calculator
Listing History
09/08/2025
Status changed to In Contract
$399,000
08/06/2025
Price Decreased
$399,000
07/18/2025
Price Decreased
$475,000
05/08/2025
Price Decreased
$530,000
03/27/2025
Price Decreased
$550,000
01/17/2025
Listed by Long & Foster Real Estate, Inc.
$650,000
Property Details for 701 Reed Street
Exterior
Construction
New Construction: No
Year Built: 1925
Architectural Style: Other
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Estimated
Lot Size Acres: 0.03
Lot Size Dimensions: 27
Lot Size Source: Estimated
Lot Size Square Feet: 1,343
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $3,229.00
Tax Year: 2024
Interior
Features
Fireplace: No
Measurements
Living Area: 2,983
Living Area Source: Estimated
Rooms
Basement: Other
Has Basement: Yes
Bathrooms Full: 2
Bathrooms Half: 1
Bathrooms Total Integer: 3
Bedrooms Total: 3
Main Level Bedrooms: 1
Other
General
Senior Community: No
Location
Subdivision Name: PASSYUNK SQUARE
Tax Lot: 15
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Window Unit(s)
Heating: Radiant
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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