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MLS: #PAPH2640268, Listed By: Rachel Street, Compass Pennsylvania, LLC, Source:Bright MLS

1013 Reed Street

PHILADELPHIA, PA 19147
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Bed 2

Bed

Bath 0

Bath

SqFt2,169

Sqft

Acres0.02

Acre(Lot)

Take advantage of this incredible opportunity to own a commercial income-generating property in one of the hottest areas of the city! This mixed-use building is located in the heart of Passyunk Square, just steps from Passyunk Ave and in the middle of all of the shops, cafes, and restaurants and more that this amazing community has to offer. The commercial space is located on the first floor and is currently set up as a hair and nail salon, which has been in business and thriving for over 22 years- a testament to the stability and the prime location of this property. The business is not included in the sale of the property (building only) and the current renewal term of the commercial lease expires in February 2027, allowing a potential buyer to use the commercial space for their own busi ness- or continue leasing and collect the rent. The unique position of the building allows for maximum frontage along Reed Street (which enjoys a lot of foot traffic) and a more private entrance to the 2nd floor apartment on Alder Street. There is ample street parking in front of the building, as well as in the large ACME shopping plaza across the street, which makes it convenient for people patronizing the business. The commercial space spans the 1st floor and the basement, which has a large door with a steps and a ramp to the exterior yard, providing easy access for storage or more. It also already has a ramp installed to the entrance of the commercial space, which avoids one of the more expensive accessibility modifications that many business have to resolve. On the second floor you'll find a bright and sunny two-bedroom apartment, with hardwood floors, several closets, full 3 piece bathroom, and washer and dryer. This apartment was previously occupied by the owner and is now vacant, in case the buyer would like to occupy it. If not, it is in impeccable shape and is ready to rent- and rentals in Passyunk go extremely quickly. In an extremely walkable location, within two blocks of the property you'll find a large supermarket, post office, pharmacy, dog park and playground, gym, as well as many restaurant and shops. Close to public transportation, easy access to major roadways and only 3 blocks from the Broad Street subway line, this location can't be beat!

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Detail Ic Property Details

Property Type : Residential Income

Price : $750,000

AD Id : 85794783

MLS Id : PAPH2640268

Beds : 2

Lot Size : 0.02 Acre

Living Area Size : 2,169

Year Built : 1920

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 2
  • Flooring Information

    Wood, Ceramic Tile, Hardwood
  • Interior Features

    Ceiling Fan(s) Appliances: Gas Range, Gas Oven, Gas Water Heater, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Radiant Has Cooling: Yes Cooling: Central Air, Ceiling Fan(s), Electric

  • Building Information

    Year Built: 1920 Building Area Total: 2169 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 18.00 x 60.00 Lot Size Acres: 0.02 Lot Size Source: Assessor Lot Size Square Feet: 954 Lot Description: Corner Lot

    Property Information

    Subdivision: PASSYUNK SQUARE Source Property Type: Residential Income Postal Code Plus 4: 5629 Property SubType: Duplex Property Age: 106

  • Listing Price Information

    Listing Price: $750000

  • Tax Information

    Parcel Number: 871501950 Tax Lot: 187 Tax Year: 2025 Annual Tax: $1175

  • Parking Information

    On Street

  • Location Information

    Direction: If traveling east on Passyunk, turn left onto Reed Street and the property is on the right side, at the corner of Reed and Alder. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
129 Bainbridge Street, Philadelphia, PA, 19147 $1,200,000 4 -- 3,526 3,526 SqFt
1402 S 2nd Street, Philadelphia, PA, 19147 $475,000 4 -- 2,235 2,235 SqFt
1230 S 2nd Street, Philadelphia, PA, 19147 $1,300,000 4 -- 1,728 1,728 SqFt
788 S 2nd Street, Philadelphia, PA, 19147 $685,000 5 -- 2,113 2,113 SqFt
1228 S 2nd Street, Philadelphia, PA, 19147 $1,300,000 6 -- 2,457 2,457 SqFt
1231 S Philip Street, Philadelphia, PA, 19147 $1,300,000 2 -- 1,440 1,440 SqFt
618 S 3rd Street, Philadelphia, PA, 19147 $595,000 3 -- 1,702 1,702 SqFt
622 S 3rd Street, Philadelphia, PA, 19147 $699,900 6 -- 2,694 2,694 SqFt
319 Wharton Street, Philadelphia, PA, 19147 $550,000 3 -- 1,968 1,968 SqFt
815 S 4th Street, Philadelphia, PA, 19147 $650,000 2 -- 2,430 2,430 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/24/2026 @ 02:53

MLS: PAPH2640268 LISTED BY: Rachel Street, Compass Pennsylvania, LLC 267-435-8015 SOURCE: Bright MLS

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