New construction
Why it mattersbuilt new under a 2019 permit (tax-abated).
View supporting records →Multi-family report
1531 N Franklin St
7 bd · 3 stories · 5,284 sqft · RSA5 · built 2020
Investor / LLC · assessed $1.4M · 5 licensed units · sold 4×. On the 1500 block of N Franklin St.
Property summary
Assessment$1.4MCity assessed value
Last sale—No sale value available
Est. taxes$11K/yearAnnual city record
Permits8Shown in this report
ViolationsNone openNo open L&I cases
What stands out
From the public recordWhat 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 $10,565/yr reflects a 10-year abatement. It jumps to about $19,810/yr in 2032 — $9,245/yr more. Price the full bill, not the current one.
5 units in RSA5, a single-family district
The building's use almost certainly predates today's code — a "legal nonconforming" use. That status survives a sale but can lapse if the use is abandoned or the building sits vacant; verify the registered use with L&I before pricing it as 5 rents.
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
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.
Who's behind it
Prestige Design And Development On Frank · corporate / LLC owner
• Tax bills mail to 1442 N 7th Street, Philadelphia PA, 19122
• Holds an active rental license for this address
• The last transfer was a nominal/family deed, not an open-market sale
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
$1.4M
built 2020
Price / sq ft
$268
block $226 · above block
Appreciation
+12100%
+55%/yr, city 6.5%
In 5 years (~2031)
~$1.5M
+55%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$11K
0.75% effective, abated
Gross yield
1%
≈$1K/mo rent
Times sold
4
kept in the family
Value vs. the block, over time — sales, permits & L&I events marked on the line
This houseBlock median & rangeL&I violationPermit
The paper trail
New constructionbuilt new under a 2019 permit (tax-abated).
- 2019 2 L&I violationsL&INew ConstructionPermitNew ConstructionPermitNew ConstructionPermitElectricalPermit
- 2020 New Construction or AdditionsPermitAmend for conversionPermitAdministrativePermit3 L&I violationsL&IInspection failedL&I visit
- 2022 Inspection passedL&I visitAddition and/or AlterationsPermit
Flags: tax-abated — the bill lags real value · active rental license · 2 zoning/board appeals on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).
The abatement clock
This house pays about $10,565/yr under a 10-year tax abatement. In 2032 the bill reaches its full ~$19,810/yr — a step up of $9,245/yr, 5 assessment years out. Drag the slider.
now: ($1,415,200 assessed − $660,449 abated) × 1.3998% ≈ $10,565/yr
2032: $1,415,200 assessed × 1.3998% ≈ $19,810/yr
Flat 100% exemption (pre-2022 program, started 2022), then the cliff — 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
7
Stories
3
Interior
5,284 sqft
livable area
Lot
1,825 sqft
Basement
Full, finished
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
2
on record
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 1531 N Franklin St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 5 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.
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, $3,500/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record (with the abatement toggle above).
Block context
1531 N Franklin St sits on the 1500 block of N Franklin St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 1529 N Franklin St · 1533 N Franklin 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
- Back taxes & liens — Real Estate Tax Balances, Dept. of 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
City datasets are fetched live from OpenDataPhilly (phl.carto.com) and cached briefly. Dossiers re-pull automatically — on view once they're a few weeks old, plus a nightly rolling sweep — 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.
First time here?
This is 1531 N Franklin St,
on paper.
Built 2020. Every deed, permit, L&I visit, tax bill and sale for this house — plus its whole block.
No signup, no teaser
The whole record is free.
Permits, violations, taxes, deeds, ownership, and block context are all here. The public record is free to read; membership is for deeper research.
Three taps, you're oriented
What to catch on the way down.
On the way down: the story of the house, its paper trail drawn on the value chart, and run-the-numbers, a calculator seeded with this house's actual tax bill.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)