House report

1923 S Lambert St

3 bd · 1 ba · 2 stories · 1,120 sqft · RM1 · built 1920

Owner-occupied · assessed $183K. On the 1900 block of S Lambert St.

Street view of 1923 S Lambert St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record

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 $1,643/yr reflects a 10-year abatement. It jumps to about $2,557/yr by 2026 — $914/yr more. Price the full bill, not the current one.

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

When the abatement ends, file for Homestead

An abated home cannot also take the Homestead Exemption. From 2026 it can — knocking about $1,400/yr off the full bill.

$137 in back taxes on record

Interest and penalties keep compounding until a Revenue payment agreement is in place — an owner-occupant agreement also stops the sheriff-sale track.

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 record to dig into any number.

Assessed value
$183K
built 1920
Price / sq ft
$163
block $163 · in line w/ block
Appreciation
+171%
+9%/yr, city 6.5%
In 5 years (~2031)
~$184K
+9%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$2K
0.9% effective, abated
Gross yield
9.4%
≈$1K/mo rent
Times sold
0

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

$0$100K$200K$183K201620222027
This houseBlock median & range

Flags: tax-abated — the bill lags real value · $137 back taxes. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $1,643/yr under a 10-year tax abatement. By 2026 the bill reaches its full ~$2,557/yr — a step up of $914/yr. Drag the slider.

2016: ~$587/yr2017: ~$587/yr2018: ~$587/yr2019: ~$761/yr2020: ~$855/yr2021: ~$855/yr2022: ~$855/yr2023: ~$1,255/yr2024: ~$1,255/yr2025: ~$1,508/yr2026: ~$1,508/yr2027: ~$1,643/yr201620262027
2027~$1,643/yrfrom the record

now: ($182,700 assessed − $65,326 abated) × 1.3998% ≈ $1,643/yr 2026: $182,700 assessed × 1.3998% ≈ $2,557/yr Flat 100% exemption (pre-2022 program, started 2016), 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
3
Bathrooms
1
Stories
2
Interior
1,120 sqft
livable area
Lot
924 sqft
Basement
Full
city code D
Heat
Undetermined
city code H
Central air
No
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
RM1
city zoning code

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

Run the numbers

What owning 1923 S Lambert 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.

$183K
20%
6.875%
$1K/mo

When this house last sold (1986) a 30-year mortgage ran about 10.19% — 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, $1,400/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record (with the abatement toggle above).

Block context

1923 S Lambert St sits on the 1900 block of S Lambert St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1921 S Lambert St  ·  1925 S Lambert St

Where this comes from

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.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)