2026 taxable assessment $2,431,900 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $1,941,600; it is not the 2026 billed-year value.
Multi-family report
1516 Spruce St
4 stories · 10,904 sqft · RMX3 · built 1920
Entity-held · assessed $2.4M (2026) · 2027 OPA assessment $1.9M · 9 licensed units · sold 2×. On the 1500 block of Spruce St.
BlockReport AI · cited public records
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Property summary
Assessment$2,431,9002026 OPA assessment · 2027: $1,941,600
Last sale$1.2MRecorded 2005
Est. tax bill$34,042/year2026 taxable assessment × 1.3998%
Tax delinquencyNo 2022 matchNot proof account is current
Permits15Every fetched City permit
Violations0 openNo historical match in fetched records
“Open” reflects records available then historical records keep their source dates estimates are labeled
Question or correct this record
BlockReport can explain a discrepancy, but it cannot rewrite an official City record. Use the agency that owns the underlying fact:
Property tax
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.
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 8810185042026 taxable assessment equals the full assessed value.
Historical delinquency sources Record found
This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.
A separate historical parcel ledger ending in 2016 records $101.32. It is shown as historical context only.
2014$50.66 total · $50.28 principal · $0.38 interest · $0.00 penalty2015$50.66 total · $50.28 principal · $0.38 interest · $0.00 penalty
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 recordPermit on record
Record summaryShelter/Platform permit recorded in 2022.
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
Built 1920: 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.
If you own it
$101 in the historical tax ledger through 2016
Historical context only, not a current payoff figure. Verify today's balance and lien status directly with Philadelphia Revenue before relying on it.
If you’re the landlord
Lead certificate is not optional
Built 1920: 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
R & S Realty I LP · corporate / LLC owner
• Tax bills mail to 1520 Spruce St, Philadelphia PA, 19102
• Holds an active rental license for this address
Assessment and tax history
Every fetched annual City assessment for this building, compared with its block and ZIP. The figures show assessment change, the billed-year tax estimate, dated tax records, and recorded transfers. They do not estimate market appreciation or investment return.
Assessed value
$2,431,900
2026 billed-year assessment · 2027: $1,941,600 · built 1920
Price / sq ft
$178
block $341 · below block
Assessment change
-6%
-1%/yr since 2016 · 2027 -20% vs 2026
Est. tax bill / yr
$34,042
1.4% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Times sold
2
licensed rental
Assessment vs. the block and ZIP · every dated City record marked on the line
- OPA assessment · 2016$2.1M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2017$2.1M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2018$2.5M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2019$2.4M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2020$2.4M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2021$2.4M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2022$2.4M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2023$2.4M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2024$2.4M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2025$2.4M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2026$2.4M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2027$1.9M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- Permit · 2012-12-14DemolitionThis permit category usually covers partial or complete removal work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2012-12-19ElectricalThis permit category usually covers electrical installation, alteration, replacement, or repair. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-02-08AdditionThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-02-19OperationsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-04-23MechanicalThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-08-20PlumbingThis permit category usually covers water, drainage, fixtures, or other plumbing work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-08-09ElectricalThis permit category usually covers electrical installation, alteration, replacement, or repair. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-05-21Major alterationA broad legacy permit work category for a substantial building alteration. It can include changed layouts, partitions, fixtures, finishes, structural work, or occupancy-related work, but only the approved scope and plans say what this permit actually authorized; separate trade permits may be required.What Philadelphia building permits can cover ↗
- Permit · 2013-05-22AdministrativeThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-07-19SuppressionThis permit category usually covers fire-suppression systems or related life-safety work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2022-05-06Shelter/PlatformThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- License · 2013-10-31RentalA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
Property assessmentBlock median & rangeZIP 19102 medianAssessmentPermitLicense
Scroll horizontally to move through the years. Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.
Highlight
Every dated record12 events · exact dates, newest first
- PermitShelter/Platform
- LicenseRental
- PermitPlumbing
- PermitElectrical
- PermitSuppression
- PermitAdministrative
- PermitMajor alteration
- PermitMechanical
- PermitOperations
- PermitAddition
- PermitElectrical
- PermitDemolition
The paper trail
Permit on recordShelter/Platform permit recorded in 2022.
- 2013 OperationsPermitMechanicalPermitPlumbingPermitElectricalPermitMajor alterationPermitAdministrativePermitElectricalPermitSuppressionPermitElectricalPermitPlumbingPermitPlumbingPermit
- 2022 Shelter/PlatformPermit
Records behind the chart
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.
Browse 16 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
- PermitShelter/Platform
Permit GP-2022-001587 · Expired
For the erection of a covered walkway, sidewalk shed/canopy as per approved plans.
- LicenseRental
License 609298 · Active
R & S REALTY I LP · Expires 2027-02-28
- PermitPlumbing
Permit 488064 · COMPLETED
(2)6IN CAST IRON LATERALS (MULTI FAMILY)
- PermitPlumbing
Permit 488825 · COMPLETED
2-2" COMPLETE WATER SERVICE, BOTH DOMESTIC, 2-6" MAIN DRAINS FOOTWAY TO BASEMENT W/ CURB TRAPS, FAI, TYING ONTO NEW M/D IN BASEMENT (MULTIFAMILY)
- PermitElectrical
Permit 483129 · COMPLETED
INCOMING UTILITY SERVICE CHANGED PER PECO NEW ELECTRICAL SERVICE IS 240/120V,2P,5W N LIEU OF (1) 3 PHASE AND (1) SINGLE PHASE SERVICE PER 2008 NEC (APT BLDG)*AMEND PERMIT 461720*
- PermitSuppression
Permit 460376 · COMPLETED
FOR THE INSTALLATION OF AN AUTOMATIC SPRINKLER SYSTEM WITH FIRE PUMP & BACKFLOW PREVENTOR (BFP) ASSEMBLIES & COMBINED MANUAL WET STANDPIPE SYSTEM FOR A FOUR (4) STORY RESIDENTIAL BUILDING. AUTOMATIC SPRINKLER & COMBINED CLASS I MANUAL WET STANDPIPE SYSTEM INSTALLATION IN ACCORDANCE WITH NFPA 13/13R & 14 & FIRE PUMP ASSEMBLY INSTALLATION IN ACCORDANCE WITH NFPA 20. ALL WORK IN ACCORDANCE W. PLANS APPROVED BY THE CITY OF PHILADELPHIA HISTORICAL COMMISSION DATED 03.18.13. FIRE SERVICE INSTALLATION AT 01516 & 01518 IN ACCORDANCE WITH RESTRICTIVE COVENANT FILED W. THE CITY OF PHILADELPHIA.
- PermitElectrical
Permit 478179 · COMPLETED
INSTALL SECURITY SYSTEM WIRING AS PER PLANS AS PER NEC 2008 (MULTI UNITS)
- PermitAdministrative
Permit 466816 · COMPLETED
AMEND PERMIT # 448341 TO REFLECT "CLARIFYING THE FOUNDATION DETAILS AT THE REAR OF THE BUILDING, ALSO CLARIFYING THE INSULATION DETAILS AT THE EXTERIOR WALLS AND ROOF AS PER SEALED SUBMITTED PLANS. CALL THE INSPECTOR TO SCHEDULE AN INSPECTION.
- PermitElectrical
Permit 461720 · COMPLETED
SUPPLY & INSTALL POWER WIRING, DEVICES, LIGHT FIXTURES, FIRE ALARM WIRING AND EQUIPMENT ,WIRING AND DEVICES FOR TELECOMMUNICATION SERVICES AS PER 2008 NEC & NFPA 72 (APT BLDG)
- PermitMajor alteration
Permit 472462 · COMPLETED
FOR THE ERECTION OF COVERED WALKWAY AT PUBLIC RIGHT-OF-WAY; NO STORAGE OF MATERIALS PERMITTED THEREON. EXTENT OF PUBLIC RIGHT OF WAY COVERED WALKWAY AS APPROVED BY THE PHILADELPHIA DEPARTMENT OF STREETS. ALL WORK IN ACCORDANCE WITH PLANS APPROVED BY PHC DATED 04.27.13. SEE PERMIT AP# 467643 FOR APPLICATION.
- PermitPlumbing
Permit 461789 · COMPLETED
NEW PLUMBING SYSTEM FOR BLDG ONLY INCLUDING SANITARY, WATER & STORM PIPING (MULIT UNITS)
- PermitMechanical
Permit 461787 · COMPLETED
HVAC SYSTEM TO INCLUDE DUCTWORK, GRD'S AS PER PLANS.
- PermitOperations
Permit 22149 · COMPLETED
HOTWORKS: WELDING/CUTTING/SOLDERING/TORCH WORK - PERMIT EXPIRES 02/18/2014.
- PermitAddition
Permit 448341 · COMPLETED
LEVEL III ALTERATIONS AND NEW ADDITION AT REAR OF AN EXISTING FOUR STORY BUILDING, CONVERSION FROM EDUCATION AND BUSINESS TO A RESIDENTIAL 9 FAMILY DWELLING. FIRE RATED ASSEMBLIES ARE REQUIRED TO BE MAINTAINED AT ALL TIMES. ELECTRICAL, PLUMBING, MECHANICAL, AND FIRE SUPPRESSION WORK REQUIRES ADDITIONAL PERMITS. PHC APPROVAL REQUIRED FOR ALL EXTERIOR WORK. CALL THE INSPECTOR PRIOR TO STARTING WORK.
- PermitElectrical
Permit 444420 · COMPLETED
INSTALL TEMPORARY LIGHTS AND RECEPTS FROM 12/19/2012 TO 2/19/2013. NEW PERMIT REQUIRED AFTER 2/19/13(CC DIST)
- PermitDemolition
Permit 443660 · COMPLETED
INTERIOR DEMO
What this record suggests
The City file documents 15 permits touching electrical work, plumbing, roof work. 14 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.
Unavailable when this report assembled: certifications. Unavailable does not mean no record.
Flags: active rental license · historical tax ledger through 2016 recorded $101. 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
10,904 sqft
livable area
Lot
3,179 sqft
Exterior condition
Above average
city code 3
Above averageBelow average
Interior condition
Above average
city code 3
Above averageBelow average
Quality grade
B+
assessor's grade
ABCDE
Zoning
RMX3
city zoning code
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 1516 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 9 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.
When this house last sold (2005) a 30-year mortgage ran about 5.87% — Freddie Mac's average that year.
Mortgage
—
P&I · 30-yr fixed
All-in monthly
—
+ taxes & insurance
Estimated cash needed
—
down + 4% planning allowance
Modeled cash flow
—
rent − shown costs · /mo
Modeled cap rate
—
modeled NOI ÷ price
Modeled cash-on-cash
—
modeled year-1 return
Scenario for orientation, not advice. Assumes a 30-year fixed loan, $6,300/yr insurance, 1% of price/yr maintenance, and buyer cash equal to the down payment plus 4%. Taxes use this parcel's taxable assessment, not a live Tax Center balance. Cash flow and returns exclude vacancy, management, utilities, HOA or condo fees, leasing costs, income tax, and unplanned capital work.
Block context
1516 Spruce St sits on the 1500 block of Spruce St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 1518 Spruce St · 1512-14 Spruce St
Where this comes from
- Assessment, spec sheet & owner — OPA Property Assessments, Office of Property Assessment
- Sales & deed history — Realty Transfer Tax records, Recorder of Deeds
- Permits, violations & inspections — L&I Property History · Atlas
- Tax delinquency snapshot · June 2022 — Real Estate Tax Delinquencies, Dept. of Revenue
- Historical tax ledger & liens · through 2016 — Real Estate Tax Balances, Dept. of Revenue
- Current property-tax balance — Verify with Philadelphia Revenue
- Zoning appeals — L&I & Zoning Board appeals
- Neighborhood income & rents — US Census ACS 5-year estimates
- Historical mortgage rates — Freddie Mac Primary Mortgage Market Survey, annual averages
- Imagery — Street photo © Google · Aerial © Esri, Maxar
Methodology & freshness
This report was assembled Jul 11, 2026, 5:41 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: unavailable. “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)