Mixed-use report

1235 E Palmer St

2,492 sqft · RSA5 · built 1875

Investor / LLC · assessed $249K (2026) · 2027 OPA assessment $314K · sold 3×. On the 1200 block of E Palmer St.

Property summary

“Open” reflects records available then historical records keep their source dates estimates are labeled

BlockReport AI · cited public records

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Street view of 1235 E Palmer St
From the street — imagery © Google
From above — imagery © Esri, Maxar

The estimate, live balance, and back-tax record are different.

BlockReport can calculate the annual tax from the City’s taxable assessment. Payments, credits, interest, and a current amount due live separately in Philadelphia Tax Center.

Estimated annual Real Estate Tax$3,479/year

2026 taxable assessment $248,500 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $313,900; it is not the 2026 billed-year value.

Official current account balanceCheck live

A Tax Center balance is net of bills, payments, credits, interest, and adjustments. A credit—or an amount due—is not automatically “back taxes.”

OPA 871401625
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationNo exemption shown

2026 taxable assessment equals the full assessed value.

Historical delinquency sources No current conclusion

The June 2022 delinquency snapshot was not verifiably available in this cached report. No conclusion about a match—or today’s balance—can be drawn from that absence.

For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”

What stands out

From the public record
Finding

Renovated & sold on

Why it matters

Bought for $500K in 2017, major alteration permit in 2011, sold for $500K in 2017 (+189%).

View supporting records →

Fetched L&I and zoning records

Every row successfully fetched for this report is counted below. Dataset availability and matching can differ from the City's interactive file; use the official link for current detail.

Open the City record ↗
Recorded owner
Interstate Partners LLC
Tax mailing address
1700 FRANKFORD AVE, PHILADELPHIA PA, 19125
L&I district
Building ID (BIN)
OPA account
871401625
Permits0Unavailable
Violation cases0Unavailable
Investigations0Unavailable
Building certifications0Unavailable
Business licenses0Unavailable
Appeals2OPEN · Denied
PermitsPermit number, issued date, work and City status0

No permits matched this parcel in the fetched City dataset.

Violation cases0 individual violation records; resolved history remains visible0

No violation cases matched this parcel in the fetched City dataset.

InvestigationsEvery inspector visit, including CLOSED outcomes0

No investigations matched this parcel in the fetched City dataset.

Building certificationsInspection result and filed expiration date by L&I building ID0

No building certifications matched this parcel in the fetched City dataset.

Business licensesHistorical and active licenses are both retained0

No business licenses matched this parcel in the fetched City dataset.

AppealsApplication status and decision are separate City fields2
Zoning board appealAppeal 13711

Nov 10, 2010 CLOSED Granted

PERMIT FOR THE LEGALIZATION OF ERECTION OF A ONE (1) STORY REAR ADDITION MAX HEIGHT NOT TO EXCEED 12 FT AS EXTENSION TO AN EXISTING BAR / RESTAURANT, IN THE SAME BUILDING WITH EXISTING ONE (1) APARTMENT ON THE 2ND FLOOR.

Zoning board appealAppeal 36149

Apr 3, 2019 OPEN Denied

PERMIT FOR TO CREATE AN UNITY OF USE BETWEEN 1235 E. PALMER ST. AND 1237 E. PALMER ST FOR THE EXPANSION OF AN EXISTING EATING AND DRINKING ESTABLISHMENT (SIT-DOWN RESTAURANT) TO INCLUDE AN OUTDOOR SEATING AREA AND ERECTION OF AN ACCESSORY S

City of Philadelphia OPA, L&I and Zoning Board records, shown as filed. A CLOSED investigation is an outcome label, not a missing visit; an appeal's application status and decision may differ.

Records to verify together

Rule-based groupings across this property's dated public records. Each flag shows the records that belong in the same verification step and where the inference stops.

Dated record flagAssessment/permit mismatch

The assessment jumped 26% in 2027, but no matching permit appears in the property timeline.

Evidence: assessment moved from $248,500 to $313,900 · no permit shown in 2026-2028

Limit: Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it.

Transparent record rules, not a score or forecast. Each flag is a prompt to verify the cited records, not a prediction or allegation.

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 1875: 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.

Multiple units and RSA5 zoning need reconciliation

The assessment or license record describes multiple units while the zoning district is generally single-family. That does not establish whether the use is lawful, nonconforming, abandoned, or incorrectly coded. Verify the registered use and Certificate of Occupancy with L&I before pricing multiple rents.

If you’re the landlord

If it is rented, verify the Rental License

The fetched license records do not show an active Rental License. Ownership type or a tax mailing address does not prove that tenants occupy the property; if it is rented, verify the current license and legal occupancy in eCLIPSE.

Derived from the fetched property records and linked City guidance as of 2026. Assessment treatment is not a substitute for an exemption approval, live balance, title report, license, occupancy certificate, or inspection. Informational only — not legal, tax, or investment advice.

Who's behind it

Interstate Partners LLC · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $497K combined
• Tax bills mail to 1700 Frankford Ave, Philadelphia PA, 19125

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
$248,500
2026 billed-year assessment · 2027: $313,900 · built 1875
Price / sq ft
$126
block $312 · below block
Appreciation
+26%
+2%/yr, city 6.5%
In 5 years (~2031)
~$314K
+2%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$3,479
1.11% effective
Jun 2022 tax snapshot
Gross yield
6.9%
≈$2K/mo rent
Times sold
3

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

$0$250K$500KBefore this chart — 2011: Major alteration 2011: Suppression 2011: 8 L&I violations 2011: Plumbing 2011: L&I: 3 failed, 3 passed 2011: Suppression 2011: Electrical2017: Sold $500K2019: Appeal denied2021: L&I violation 2021: Inspection failed2023: Inspection passed$314K201620222027
This houseBlock median & rangeSaleL&I violationZoningPermitInspection

The paper trail

Bought for $500K in 2017, major alteration permit in 2011, sold for $500K in 2017 (+189%).

  1. 2011 Major alterationPermitSuppressionPermit8 L&I violationsL&IPlumbingPermitL&I: 3 failed, 3 passedL&I visitSuppressionPermitElectricalPermit
  2. 2017 $500KSold
  3. 2019 Appeal deniedZoning
  4. 2021 L&I violationL&IInspection failedL&I visit
  5. 2023 Inspection passedL&I visit

Flags: 2 zoning/board appeals on record. Informational only — not investment advice or a consumer report (FCRA).

The property, on paper

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

Interior
2,492 sqft
livable area
Lot
2,871 sqft
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
RSA5
city zoning code
Zoning appeals
2
OPEN · Denied · 2019

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

Run the numbers

What owning 1235 E Palmer St takes, at your price and your rate. Taxes start with an annual estimate from the City’s taxable assessment, not a current bill or balance; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$314K
20%
6.875%
$2K/mo

When this house last sold (2017) a 30-year mortgage ran about 3.99% — 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 use this parcel's taxable assessment, not a live Tax Center balance.

Block context

1235 E Palmer St sits on the 1200 block of E Palmer St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1237 E Palmer St  ·  1239 E Palmer St

Where this comes from

Methodology & freshness

This report was assembled Jul 9, 2026, 11:34 PM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.

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