Multi-family report

1350l S Capitol St

3 stories · 8,334 sqft · CMX2 · built 2022

Absentee individual · assessed $148K. On the 1300 block of S Capitol St.

Street view of 1350l S Capitol St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record

What the record is signaling

Early patterns mined across this property's dated public records. Each flag shows what triggered it and where the inference stops.

watch signalAssessment/permit mismatch

The assessment jumped 6990% in 2023, but no matching permit appears in the property timeline.

Evidence: assessment moved from $2,000 to $141,800 · no permit shown in 2022-2024

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

Transparent record rules, not a machine-learning forecast. A signal is a prompt to verify the cited record, 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

The current tax estimate is temporary

The taxable assessment implies about $517/yr under a 10-year abatement. The estimate steps up every year and reaches about $2,069/yr in 2033 — $1,552/yr more. Underwrite the post-abatement estimate and verify the actual bill with Revenue.

The last transfer was not a sale

The most recent recorded deed moved for nominal consideration, within one family. That is where tangled-title problems live — budget a real title search. (Occupants untangling an inherited deed can get help from the city's Tangled Title Fund.)

If you’re the landlord

No active rental license on file

If this property is rented, Philadelphia requires a Rental License (via eCLIPSE) — without it a landlord cannot legally collect rent or evict, and tenants can withhold. Licensing needs tax clearance and no open violations.

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
$148K
built 2022
Price / sq ft
$18
block $276 · below block
Appreciation
+7290%
+136%/yr, city 6.5%
In 5 years (~2031)
~$158K
+136%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$517
0.35% effective, abated
Jun 2022 tax snapshot
Gross yield
15.1%
≈$2K/mo rent
Times sold
0
kept in the family

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

$0$500K$1.0M$148K201620222027
This houseBlock median & range

Flags: tax-abated — the bill lags real value · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house’s taxable assessment implies about $517/yr under a 10-year tax abatement that steps down every year. In 2033 the assessment-based estimate reaches ~$2,069/yr — a step up of $1,552/yr, 6 assessment years out. Drag the slider.

2022: ~$28/yr2023: ~$0/yr2024: ~$0/yr2025: ~$0/yr2026: ~$0/yr2027: ~$517/yr2028: ~$776/yr (projected)2029: ~$1,034/yr (projected)2030: ~$1,293/yr (projected)2031: ~$1,552/yr (projected)2032: ~$1,810/yr (projected)2033: ~$2,069/yr (projected)2034: ~$2,069/yr (projected)202220332034
2027~$517/yrestimated from assessment

now: ($147,800 assessed − $110,866 abated) × 1.3998% ≈ $517/yr 2033: $147,800 assessed × 1.3998% ≈ $2,069/yr The abated slice shrinks ~10% a year (post-2022 program, started 2023) — reassessments move both lines. After expiry an owner-occupant can claim the Homestead Exemption (~$1,400/yr off); an abated home can't hold both.

The house, on paper

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

Stories
3
Interior
8,334 sqft
livable area
Lot
6,156 sqft
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
B
assessor's grade
Zoning
CMX2
city zoning code

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

Run the numbers

What owning 1350l S Capitol 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.

$148K
20%
6.875%
$2K/mo
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 (with the abatement toggle above).

Block context

1350l S Capitol St sits on the 1300 block of S Capitol St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1350 S Capitol St  ·  1344l S Capitol St

Where this comes from

Methodology & freshness

Available City datasets are queried from OpenDataPhilly (phl.carto.com), then reports are cached and refreshed on a rolling schedule. Source dates vary: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. Other dossiers re-pull on view once stale, 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)