1948 ROWAN STREET, PHILADELPHIA, PA 19140
NICETOWN-TIOGA · PHILADELPHIA County
Key Facts
Description
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.
Property Information
Property Type
Residential
Sub-Type
Townhouse
Structure Type
Townhouse
Year Built
1930
Living Area
1,958 sq ft
Lot Size
0.03 acres
Lot Dimensions
16.00 x 82.00
Zoning
RM1
Days on Market
60
MLS® Listing#
PAPH2622048
Property Features
Appliances
Cooling
Heating
Pool
Parking
Foundation
Sewer
Water Source
Schools
- District:
- PHILADELPHIA CITY
Financial Details
HOA
None
Annual Taxes
$2,082
Tax year 2025
Assessed Value
$148,800
Parcel Number
131356200
Directions
Use GPS
Affordability Calculator
$19,000
Estimated monthly payment
$506/mo
Principal $76,000 · Est. interest $106,027 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in PHILADELPHIA, PA
- $303,020
- Median Listing Price
- 74
- Median Days on Market
- 1,330
- Median Sq Ft
- $201
- Median Price / Sq Ft
- 5,845
- Active Listings
- This home’s price is 69% below the area median.
- Its price per sq ft is 76% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in PHILADELPHIA, PA.
Location
Points of Interest in PHILADELPHIA, PA
Showing the PHILADELPHIA area map.
Nearby Schools
Edward Steel School
Elementary · 0.1 mi away
Mastery CS-Gratz Campus
Secondary · 0.4 mi away
Mastery Prep Elementary CS
Elementary · 0.4 mi away
Broad Street Academy
School · 0.5 mi away
St Francis of Assisi
School · 0.6 mi away
Mastery Charter School, Grover Cleveland Campus
School · 0.6 mi away
Depaul Catholic School
Elementary · 0.6 mi away
Multi-Cultural Academy CS
School · 0.7 mi away
Fitler Academics Plus
Elementary · 0.7 mi away
Jay Cooke Elementary School
Elementary · 0.8 mi away
Wissahickon CS
Elementary · 0.8 mi away
Little Flower High School
Secondary · 0.8 mi away
Wissahickon Charter School
School · 0.8 mi away
Harold O Davis Christian Academy
School · 0.8 mi away
James Logan Elementary School
Elementary · 0.9 mi away
John B Kelly School
Elementary · 0.9 mi away
Logan Hope
Elementary · 0.9 mi away
Learning World Child Academy
School · 1.0 mi away
Kenderton Elementary School
Elementary · 1.0 mi away
John Wister Elementary School
Elementary · 1.1 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2231 N 16TH STREET, PHILADELPHIA, PA | $69,900 | 5 | — | 1,964 |
| 1359 SELLERS STREET, PHILADELPHIA, PA | $70,000 | 4 | — | 2,930 |
| 2708 W LEHIGH AVENUE, PHILADELPHIA, PA | $75,000 | 4 | 2 | 1,528 |
| 3264 N NEWKIRK STREET, PHILADELPHIA, PA | $75,000 | 4 | 1 | 1,192 |
| 4932 WAKEFIELD STREET, PHILADELPHIA, PA | $79,000 | 4 | — | 1,178 |
| 2761 N 29TH STREET, PHILADELPHIA, PA | $79,900 | 5 | 2 | 1,524 |
Moving Cost Estimate
EXIT Agents in PHILADELPHIA
Listing Courtesy: BHHS Fox & Roach-Center City Walnut - 2156276005