Multi-family report

1012 S 24th St

2 stories · 2,160 sqft · RSA5 · built 1920

Owner-occupied · assessed $742K · 2 licensed units · sold 2×. On the 1000 block of S 24th St.

Street view of 1012 S 24th St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record
Finding

Renovated & sold on

Why it matters

Bought for $106K in 2010, zoning/use permit in 2011, sold for $748K in 2024 (+605%).

View supporting records →
Finding

Homestead exemption, mail goes elsewhere

Why it matters

The parcel claims the homestead exemption (owner lives here) while the tax bill mails to 51 Buck Rd, Huntingdon Valley Pa, 19006. Those two facts sit in tension on the record — there can be innocent reasons, but one of them is usually out of date.

View supporting records →

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Built 1920: lead rules apply

Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.

2 units in RSA5, a single-family district

The building's use almost certainly predates today's code — a "legal nonconforming" use. That status survives a sale but can lapse if the use is abandoned or the building sits vacant; verify the registered use with L&I before pricing it as 2 rents.

If you’re the landlord

Lead certificate is not optional

Built 1920: every rental unit needs a lead-safe or lead-free certificate on file with the City. Without one: fines up to $2,000/day per unit, tenants may withhold rent, courts can order rent refunded — and no eviction will stand.

Licensed rental — keep it that way

Renewal requires city tax clearance and zero open L&I violations on the property. A lapsed license suspends the right to collect rent or evict.

Derived from this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

The investment read

How this building has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$742K
built 1920
Price / sq ft
$344
block $344 · in line w/ block
Appreciation
+389%
+16%/yr, city 6.5%
In 5 years (~2031)
~$748K
+16%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$9K
1.21% effective
Gross yield
1.9%
≈$1K/mo rent
Times sold
2
licensed rental

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$500K$1.0MBefore this chart — 2010: Sold $106K 2011: Zoning/use 2011: Alteration 2011: Addition 2011: L&I violation 2011: Plumbing 2011: L&I: 2 failed, 1 passed 2011: Mechanical 2011: Electrical 2011: Suppression 2012: Inspection passed2024: Sold $748K$742K201620222027
This houseBlock median & rangeSalePermit

The paper trail

Bought for $106K in 2010, zoning/use permit in 2011, sold for $748K in 2024 (+605%).

  1. 2010 $106KSold
  2. 2011 Zoning/usePermitAlterationPermitAdditionPermitL&I violationL&IPlumbingPermitL&I: 2 failed, 1 passedL&I visitMechanicalPermitElectricalPermitSuppressionPermit
  3. 2012 Inspection passedL&I visit
  4. 2024 $748KSold

Flags: active rental license. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Stories
2
Interior
2,160 sqft
livable area
Lot
928 sqft
Central air
Yes
Exterior condition
Average
city code 4
Interior condition
Above average
city code 3
Quality grade
C
assessor's grade
Zoning
RSA5
city zoning code

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Where the record looks off

Places where the city's own paperwork disagrees with itself. These are flags on the data — not problems with the property.

Homestead exemption, mail goes elsewhere

The parcel claims the homestead exemption (owner lives here) while the tax bill mails to 51 Buck Rd, Huntingdon Valley Pa, 19006. Those two facts sit in tension on the record — there can be innocent reasons, but one of them is usually out of date.

Run the numbers

What owning 1012 S 24th St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 2 licensed units × ~85% of the area's median unit rent — the whole building's income, not one unit's. Assessed value is not an asking price — set the price slider to the real one.

$742K
20%
6.875%
$2K/mo

When this house last sold (2010) a 30-year mortgage ran about 4.69% — Freddie Mac's average that year.

Mortgage
P&I · 30-yr fixed
All-in monthly
+ taxes & insurance
Cash to close
down + ~4% costs
Cash flow
rent − all costs · /mo
Cap rate
NOI ÷ price
Cash-on-cash
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Block context

1012 S 24th St sits on the 1000 block of S 24th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1010 S 24th St  ·  1014 S 24th St

Where this comes from

Methodology & freshness

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. Dossiers re-pull automatically — on view once they're a few weeks old, plus a nightly rolling sweep — and citywide benchmarks recompute weekly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)