Public Records
Edition
Philadelphia1400 block of N Franklin StJuly 9, 2026

House report

1426 N Franklin St

5 bd · 5 ba · 3 stories · 3,060 sqft · RSA5 · built 2022

Owner-occupied · assessed $963K · sold 2×. On the 1400 block of N Franklin St.

Street view of 1426 N Franklin St
From the street — imagery © Google
From above — imagery © Esri, Maxar
The story of this houseAI · written from the public record

Reading this house's deeds, permits and assessments…

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 tax bill is temporary

Today's $2,696/yr reflects a 10-year abatement. It steps up every year and reaches about $13,480/yr in 2033 — $10,784/yr more. Price the full bill, not the current one.

Zoned RSA5: one household by right

Single-family rowhouse (the classic Philly row). Converting to a duplex or apartments needs a use variance the zoning board rarely grants — Pennsylvania courts require a physical hardship of the lot itself, and economics alone do not qualify.

The last transfer was not a sale

The most recent recorded deed moved for nominal consideration. 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 own it

When the abatement ends, file for Homestead

An abated home cannot also take the Homestead Exemption. From 2033 it can — knocking about $1,400/yr off the full bill.

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 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 house 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 analyst below to dig into any number.

Assessed value
$963K
built 2022
Price / sq ft
$315
block $238 · above block
Appreciation
+8817%
+50%/yr, city 6.5%
In 5 years (~2031)
~$988K
+50%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$3K
0.28% effective, abated
Gross yield
Times sold
2
licensed rental

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

$0$500K$1.0M2018: Land $110K2019: Appeal withdrawn 2019: Appeal dismissed2020: Appeal granted 2020: New Construction2021: Rough-In 2021: New Construction or Additions 2021: New Construction 2021: New Construction 2021: New construction, addition, GFA change2022: Addition and/or Alteration 2022: New Construction$963K201620222027
This houseBlock median & rangeLand buyZoningPermit
The paper trail

Bought for $110K in 2018, built new under a 2020 permit (tax-abated).

  1. 2018 $110KLand buy
  2. 2019 Appeal withdrawnZoningAppeal dismissedZoning
  3. 2020 Appeal grantedZoningNew ConstructionPermit
  4. 2021 Rough-InPermitNew Construction or AdditionsPermitNew ConstructionPermitNew ConstructionPermitNew construction, addition, GFA changePermit
  5. 2022 Addition and/or AlterationPermitNew ConstructionPermit

Flags: tax-abated — the bill lags real value · active rental license · 3 zoning/board appeals on record. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $2,696/yr under a 10-year tax abatement that steps down every year. In 2033 the bill reaches its full ~$13,480/yr — a step up of $10,784/yr, 6 assessment years out. Drag the slider.

2016: ~$151/yr2017: ~$476/yr2018: ~$476/yr2019: ~$476/yr2020: ~$476/yr2021: ~$476/yr2022: ~$476/yr2023: ~$2,227/yr2024: ~$2,227/yr2025: ~$2,696/yr2026: ~$2,696/yr2027: ~$2,696/yr2028: ~$4,493/yr (projected)2029: ~$6,291/yr (projected)2030: ~$8,088/yr (projected)2031: ~$9,885/yr (projected)2032: ~$11,683/yr (projected)2033: ~$13,480/yr (projected)2034: ~$13,480/yr (projected)201620332034
2027~$2,696/yrfrom the record

now: ($963,000 assessed − $770,401 abated) × 1.3998% ≈ $2,696/yr 2033: $963,000 assessed × 1.3998% ≈ $13,480/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.

Bedrooms
5
Bathrooms
5
Stories
3
Interior
3,060 sqft
livable area
Lot
1,700 sqft
Basement
Full, finished
city code A
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
Zoning
RSA5
city zoning code
Zoning appeals
3
granted 2020

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

Run the numbers

What owning 1426 N Franklin St takes, at your price and your rate. Taxes are this house's actual bill from the city record; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.

$963K
20%
6.875%
$7K/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).

Next door: 1424 N Franklin St  ·  1424 N Franklin St

Where this comes from

City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. 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)