Multi-family report

1429 Spruce St

4 stories · 5,590 sqft · CMX5 · built 1890

Investor / LLC · assessed $1.3M (2026) · 2027 OPA assessment $1.2M · 7 licensed units. On the 1400 block of Spruce 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 1429 Spruce 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$18,827/year

2026 taxable assessment $1,345,000 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $1,208,400; 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 881540700
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

This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.

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

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
Centra Associates LP
Tax mailing address
111 CHESTNUT ST, PHILADELPHIA PA, 19106
L&I district
CENTRAL WEST
Building ID (BIN)
1446053
OPA account
881540700
Permits1Every dated permit
Violation cases22 violation records · 0 open
Investigations85 failed · 3 passed · 0 closed
Building certifications12Latest result: Certified
Business licenses11 active
Appeals0No match
PermitsPermit number, issued date, work and City status1
Roof Covering ReplacementPermit GM-2025-008391

Sep 12, 2025 Expired Completed Mar 30, 2026

EZ PERMIT RE-ROOFING- For the Installation of New Roof Coverings on Existing Roofs as per attached standard. Deviations from these standards require submission of construction and site plans. Replacement of sheathing in excess of 10% of roof area shall not be applicable to the EZ permit process. No work to windows, no work to front facade, no capping of any kind as part of this permit(As per PHC conditions). front shingle replacement dormers flat roof rear

Violation cases2 individual violation records; resolved history remains visible2
Case CF-2022-124297CLOSED

NOTICE OF VIOLATION · Opened Dec 19, 2022 · completed May 9, 2023

  • FIRE ESCAPE REPORT REQUIRED Violation VI-2022-093497Dec 19, 2022 COMPLIED
Case CF-2023-097353CLOSED

NOTICE OF VIOLATION · Opened Sep 19, 2023 · completed Nov 1, 2023

  • FIRE ESCAPE REPORT REQUIRED Violation VI-2023-071848Sep 19, 2023 COMPLIED
InvestigationsEvery inspector visit, including CLOSED outcomes8
HCEU INSPCase 51294

Feb 24, 2006 FAILED

HCEU INSPCase 51294

Mar 21, 2006 FAILED

HCEU INSPCase 51294

Jul 18, 2006 PASSED

L&I investigationCase CF-2022-124297

Dec 19, 2022 FAILED

L&I investigationCase CF-2022-124297

Apr 20, 2023 FAILED

L&I investigationCase CF-2022-124297

May 9, 2023 PASSED

L&I investigationCase CF-2023-097353

Sep 19, 2023 FAILED

L&I investigationCase CF-2023-097353

Nov 1, 2023 PASSED

Building certificationsInspection result and filed expiration date by L&I building ID12
Fire Escape ReportCertification BC-2023-008602

Inspected Sep 28, 2017 Safe with Repair Expires Sep 28, 2022

Emergency and Standby Power Systems CertificationCertification BC-2021-004901

Inspected Jan 22, 2021 Certified Expires Jan 22, 2022

Fire Alarm CertificationCertification BC-2021-004900

Inspected Jan 22, 2021 Certified Expires Jan 22, 2022

Fire Alarm CertificationCertification BC-2022-002711

Inspected Jan 19, 2022 Certified Expires Jan 19, 2023

Fire Alarm CertificationCertification BC-2023-016811

Inspected Jan 18, 2023 Certified Expires Jan 18, 2024

Emergency and Standby Power Systems CertificationCertification BC-2023-022943

Inspected Jan 18, 2023 Certified Expires Jan 18, 2024

Fire Escape ReportCertification BC-2023-010565

Inspected Feb 21, 2023 Safe with Repair Expires Aug 21, 2023

Fire Escape ReportCertification BC-2023-022027

Inspected Oct 20, 2023 Safe Expires Oct 20, 2028

Emergency and Standby Power Systems CertificationCertification BC-2024-008300

Inspected Jan 16, 2024 Certified Expires Jan 16, 2025

Fire Alarm CertificationCertification BC-2024-001788

Inspected Jan 16, 2024 Certified Expires Jan 16, 2025

Emergency and Standby Power Systems CertificationCertification BC-2025-001727

Inspected Jan 20, 2025 Certified Expires Jan 20, 2026

Fire Alarm CertificationCertification BC-2025-001726

Inspected Jan 20, 2025 Certified Expires Jan 20, 2026

Business licensesHistorical and active licenses are both retained1
RentalLicense 259967

CENTRA ACCOCIATES

Revenue code 3202 · First issued Apr 22, 2004 Active Expiration Feb 28, 2027

AppealsApplication status and decision are separate City fields0

No appeals matched this parcel in the fetched City dataset.

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 31% in 2023, but no matching permit appears in the property timeline.

Evidence: assessment moved from $1,028,600 to $1,345,000 · 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 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 1890: 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.

The last transfer used nominal consideration

The latest deed records $100 or less. That is not a usable market-sale price and can reflect a family, estate, gift, correction, or entity transfer. Inspect the deed and order a title search rather than inferring the relationship or chain.

If you’re the landlord

Lead certificate is not optional

Built 1890: every rental unit needs a lead-safe or lead-free certificate on file with the City. Without one: fines up to $2,000/day per unit, tenants may withhold rent, courts can order rent refunded — and no eviction will stand.

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.

Who's behind it

Centra Associates LP · corporate / LLC owner

• Owns 47 properties across Philadelphia under this name, assessed at $76M combined
• Tax bills mail to 111 Chestnut St, Philadelphia PA, 19106
• Holds an active rental license for this address

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
$1,345,000
2026 billed-year assessment · 2027: $1,208,400 · built 1890
Price / sq ft
$216
block $290 · below block
Appreciation
+38%
+3%/yr, city 6.5%
In 5 years (~2031)
~$1.2M
+3%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$18,827
1.56% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
2.2%
≈$2K/mo rent
Times sold
0
licensed rental

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

$0$1.0M$2.0MBefore this chart — 2006: L&I: 2 failed, 1 passed2022: L&I violation 2022: Inspection failed2023: L&I violation 2023: L&I: 2 failed, 2 passed2025: Roof Covering Replacement$1.3M201620212026
This houseBlock median & rangeL&I violationPermit

The paper trail

Owner pulled a roof covering replacement permit in 2025.

  1. 2006 L&I: 2 failed, 1 passedL&I visit
  2. 2022 L&I violationL&IInspection failedL&I visit
  3. 2023 L&I violationL&IL&I: 2 failed, 2 passedL&I visit
  4. 2025 Roof Covering ReplacementPermit

Flags: active rental license. 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.

Stories
4
Interior
5,590 sqft
livable area
Lot
2,340 sqft
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
B-
assessor's grade
Zoning
CMX5
city zoning code

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

Run the numbers

What owning 1429 Spruce 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 7 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.

$1.2M
20%
6.875%
$13K/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, $4,900/yr insurance, 1% of price/yr maintenance; taxes use this parcel's taxable assessment, not a live Tax Center balance.

Block context

1429 Spruce St sits on the 1400 block of Spruce St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1427 Spruce St  ·  1431 Spruce St

Where this comes from

Methodology & freshness

This report was assembled Jul 10, 2026, 5:35 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. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “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)