Multi-family report

1341 N Marston St

12 bd · 8 ba · 3 stories · 4,242 sqft · RSA5 · built 2018

Owner-occupied · assessed $1.2M (2026) · 2027 OPA assessment $966K · 4 licensed units · sold 2×. On the 1300 block of N Marston 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 1341 N Marston 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$3,281/year

2026 taxable assessment $234,380 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $965,600; 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 292072405
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationPartial assessment exemption — basis unverified

2026 OPA taxes $234,380 of $1,171,900 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$16,404/year

Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.

See the assessment math →
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

Torn down & rebuilt

Why it matters

demolished in 2017 and rebuilt (2017), then sold for $1.2M in 2018.

View supporting records →

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 98% in 2020, but no matching permit appears in the property timeline.

Evidence: assessment moved from $638,400 to $1,265,100 · no permit shown in 2019-2021

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

Verify the current tax bill and exemption

The 2026 taxable assessment implies about $3,281/yr, while applying the same rate to the full assessment would imply about $16,404/yr — $13,123/yr more. OPA's assessment split does not establish the exemption program, expiration, or buyer eligibility. Verify the basis and live bill with OPA and Revenue.

4 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 own it

Verify which assessment relief applies

OPA shows a material assessment exemption, but this record does not identify its legal basis or transfer treatment. Ask OPA for the approval history; if the current treatment ends, an eligible owner-occupant may need to apply separately for Homestead relief.

If you’re the landlord

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 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.

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
$1,171,900
2026 billed-year assessment · 2027: $965,600 · built 2018
Price / sq ft
$228
block $216 · above block
Appreciation
+3530%
+39%/yr, city 6.5%
In 5 years (~2031)
~$984K
+39%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$3,281
0.34% effective, reduced taxable assessment
Jun 2022 tax snapshot
Gross yield
1.9%
≈$2K/mo rent
Times sold
2
licensed rental

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

$0$1.0M$2.0M2017: Demolition 2017: Demolished 2017: New construction 2017: Suppression 2017: Mechanical2018: Electrical 2018: Plumbing 2018: Administrative 2018: L&I violation 2018: Sold $1.2M2025: L&I violation 2025: L&I: 1 failed, 1 passed$966K201620222027
This houseBlock median & rangeSaleTeardownL&I violation

The paper trail

demolished in 2017 and rebuilt (2017), then sold for $1.2M in 2018.

  1. 2017 DemolitionPermitDemolishedTeardownNew constructionPermitSuppressionPermitMechanicalPermit
  2. 2018 ElectricalPermitPlumbingPermitAdministrativePermitL&I violationL&I$1.2MSold
  3. 2025 L&I violationL&IL&I: 1 failed, 1 passedL&I visit

Flags: material assessment exemption — legal basis and term unverified · active rental license. Informational only — not investment advice or a consumer report (FCRA).

The assessment exemption gap

OPA's 2026 taxable assessment implies about $3,281/year. Applying the same 1.3998% rate to the full assessed value would imply ~$16,404/year$13,123/year more. That is a scenario, not a forecast: the assessment split alone does not identify the exemption program, approval date, expiration, transfer treatment, or live Tax Center balance.

2016: ~$372/yr2017: ~$372/yr2018: ~$666/yr2019: ~$2,547/yr2020: ~$5,047/yr2021: ~$5,047/yr2022: ~$5,047/yr2023: ~$5,046/yr2024: ~$5,046/yr2025: ~$3,281/yr2026: ~$3,281/yr20162026
2026~$3,281/yrestimated from assessment

2026: ($1,171,900 assessed − $937,509 exempt) × 1.3998% ≈ $3,281/yr full-assessment scenario: $1,171,900 × 1.3998% ≈ $16,404/yr The OPA amount does not prove a ten-year abatement or any other specific program. Obtain the approval history and verify the current Tax Center account; a buyer should not assume the seller's relief transfers or restarts.

The property, on paper

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

Bedrooms
12
Bathrooms
8
Stories
3
Interior
4,242 sqft
livable area
Lot
1,850 sqft
Basement
Full, unfinished
city code C
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
A
assessor's grade
Zoning
RSA5
city zoning code

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

Run the numbers

What owning 1341 N Marston 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 4 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.

$966K
20%
6.875%
$5K/mo

When this house last sold (2018) a 30-year mortgage ran about 4.54% — 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, $2,800/yr insurance, 1% of price/yr maintenance; taxes use this parcel's taxable assessment with an optional full-assessment stress test, not a live Tax Center balance.

Block context

1341 N Marston St sits on the 1300 block of N Marston St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1339 N Marston St  ·  1335-37 N Marston St

Where this comes from

Methodology & freshness

This report was assembled Jul 9, 2026, 10:06 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)