Multi-family report

1423 N 18th St

12 bd · 12 ba · 2 stories · 3,836 sqft · RM1 · built 2017

Absentee individual · assessed $1.1M (2026) · 2027 OPA assessment $570K · 3 licensed units · sold 2×. On the 1400 block of N 18th 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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BlockReport can explain a discrepancy, but it cannot rewrite an official City record. Use the agency that owns the underlying fact:

Street view of 1423 N 18th 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$3,207/year

2026 taxable assessment $229,120 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $569,800; 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 471290110
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 $229,120 of $1,145,600 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$16,036/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

New construction

Why it matters

Bought for $60K in 2016, built new under a 2017 permit (reduced taxable assessment shown), sold for $740K in 2017.

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

Verify the current tax bill and exemption

The 2026 taxable assessment implies about $3,207/yr, while applying the same rate to the full assessment would imply about $16,036/yr — $12,829/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.

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
$1,145,600
2026 billed-year assessment · 2027: $569,800 · built 2017
Price / sq ft
$149
block $160 · below block
Appreciation
+7022%
+47%/yr, city 6.5%
In 5 years (~2031)
~$583K
+47%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$3,207
0.56% effective, reduced taxable assessment
Jun 2022 tax snapshot
Gross yield
3.3%
≈$2K/mo rent
Times sold
2
latest deed has shared-name parties

Assessment vs. the block · every dated City record marked on the line

$0$1.0M$2.0M2016 OPA assessment: $8K2017 OPA assessment: $8K2018 OPA assessment: $658K2019 OPA assessment: $658K2020 OPA assessment: $681K2021 OPA assessment: $681K2022 OPA assessment: $681K2023 OPA assessment: $1.2M2024 OPA assessment: $1.2M2025 OPA assessment: $1.1M2026 OPA assessment: $1.1M2027 OPA assessment: $570K2008 — 2008-02-26: Zoning board appeal2016 — Land record $60K2017 — Deed / sale $740K$570K200820122016202020242027
This propertyBlock median & rangeDeed / saleLand buyAppeal
Deed / sale $740K
Highlight
Every dated record3 events · scroll to browse
  1. Deed / saleDeed / sale $740K
  2. Land buyLand record $60K
  3. AppealZoning board appeal

The paper trail

Bought for $60K in 2016, built new under a 2017 permit (reduced taxable assessment shown), sold for $740K in 2017.

  1. 2013 L&I: 1 failed, 1 passedL&I visit
  2. 2016 $60KLand buy
  3. 2017 Zoning/usePermitNew constructionPermitSuppressionPermitMechanicalPermitPlumbingPermitPlumbingPermitElectricalPermit$740KSold
  4. 2019 L&I violationL&IL&I: 2 failed, 1 passedL&I visit

Browse the source ledger

The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.

Open the City record ↗
Browse 3 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. Recorded transfer$740K transfer

    2017

  2. Land recordLand record

    2016

  3. AppealZoning board appeal

    Appeal 3414 · OPEN · Granted

    PERMIT IS FOR THE CREATION OF AN OFF STREET OPEN-AIR PARKING SLOT 12' - 0" X 22' - 0" IN THE FRONT YARD AREA WITHIN A VACANT LOT FOR USE TO THE ADJACENT RESIDENTIAL STRUCTURE.

What this record suggests

The dated deed and City-record sequence is assembled below. Read timing as a research lead, not proof of renovation, condition, or motive.

Flags: material assessment exemption — legal basis and term unverified · active rental license · 1 zoning/board appeal on record · latest deed has shared-name parties — relationship unverified. Informational only — not investment advice or a consumer report (FCRA).

The assessment exemption gap

OPA's 2026 taxable assessment implies about $3,207/year. Applying the same 1.3998% rate to the full assessed value would imply ~$16,036/year$12,829/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: ~$112/yr2017: ~$112/yr2018: ~$2,581/yr2019: ~$2,581/yr2020: ~$2,670/yr2021: ~$2,670/yr2022: ~$2,670/yr2023: ~$3,490/yr2024: ~$3,490/yr2025: ~$3,207/yr2026: ~$3,207/yr20162026
2026~$3,207/yrestimated from assessment

2026: ($1,145,600 assessed − $916,496 exempt) × 1.3998% ≈ $3,207/yr full-assessment scenario: $1,145,600 × 1.3998% ≈ $16,036/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
12
Stories
2
Interior
3,836 sqft
livable area
Lot
1,880 sqft
Basement
Full, finished
city code A
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
A-
assessor's grade
Zoning
RM1
city zoning code
Zoning appeals
1
OPEN · Granted · 2008

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

Run the numbers

What owning 1423 N 18th 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 3 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.

$570K
20%
6.875%
$4K/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, $2,100/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

1423 N 18th St sits on the 1400 block of N 18th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1421 N 18th St  ·  1425 N 18th St

Where this comes from

Methodology & freshness

This report was assembled Jul 9, 2026, 11:21 AM 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)