2026 taxable assessment $234,240 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $549,000; it is not the 2026 billed-year value.
Multi-family report
2114 N Franklin St
6 bd · 4 ba · 3 stories · 2,034 sqft · RM1 · built 2022
Investor / LLC · assessed $549K (2026) · 2027 OPA assessment $549K · 2 licensed units · sold 1×. On the 2100 block of N Franklin St.
Property summary
Assessment$549,0002026 OPA assessment · 2027: $549,000
Last sale$55KRecorded 2021
Est. tax bill$3,279/year2026 taxable assessment · full-value scenario $7,685/year · basis and term unverified
Tax delinquency$0City snapshot · Jun 2022
Permits8Dated events in report
Violations0 openNo historical match in fetched records
“Open” reflects records available then historical records keep their source dates estimates are labeled
BlockReport AI · cited public records
Ask the questions this record raises.
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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 2020718002026 OPA taxes $234,240 of $549,000 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.
See the assessment math →Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.
See the assessment math →Historical delinquency sources Record found
$0.03 was recorded for this parcel in Philadelphia's June 2022 delinquency snapshot. That amount may have been paid, reduced, or increased since; it is not a current payoff figure.
A separate historical parcel ledger ending in 2016 records $2,563.67 and a lien entry. It is shown as historical context only.
2015$1,009.60 total · $649.88 principal · $125.69 interest · $90.18 penalty2016$1,554.07 total · $1,345.76 principal · $20.18 interest · $13.46 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 recordTorn down & rebuilt
Why it mattersdemolished in 2022 and rebuilt (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
Verify the current tax bill and exemption
The 2026 taxable assessment implies about $3,279/yr, while applying the same rate to the full assessment would imply about $7,685/yr — $4,406/yr more. OPA's assessment split does not establish the exemption program, expiration, or buyer eligibility. Verify the basis and live bill with OPA and Revenue.
If you own it
$2,564 in the historical tax ledger through 2016
Historical context only, not a current payoff figure; that ledger also contains a lien entry. Verify today's balance and lien status directly with Philadelphia Revenue before relying on it.
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 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
2114 N Franklin LLC · corporate / LLC owner
• Tax bills mail to 65 Buck Rd A, Huntingdon Valley PA, 19006 — outside Philadelphia
• 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
$549,000
2026 billed-year assessment · 2027: $549,000 · built 2022
Price / sq ft
$270
block $214 · above block
Appreciation
+557%
+19%/yr, city 6.5%
In 5 years (~2031)
~$554K
+19%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$3,279
0.6% effective, reduced taxable assessment
Jun 2022 tax snapshot
$0
recorded then · verify current
Gross yield
2.5%
≈$1K/mo rent
Times sold
1
licensed rental
Assessment vs. the block · every dated City record marked on the line
This propertyBlock median & rangeTeardown
Demolished
Every dated record1 event · scroll to browse
- TeardownDemolished
The paper trail
Torn down & rebuiltdemolished in 2022 and rebuilt (2022).
- 2022 DemolishedTeardownNew ConstructionPermitL&I violationL&INew Construction or AdditionsPermitNew Construction or AdditionsPermitNew Construction or AdditionsPermitNew ConstructionPermitInspection passedL&I visitNew ConstructionPermitNew ConstructionPermitNew ConstructionPermit
- 2024 Inspection passedL&I visit
Flags: material assessment exemption — legal basis and term unverified · active rental license · $0 recorded in the June 2022 delinquency snapshot — verify current balance · historical tax ledger through 2016 recorded $3K with a lien entry. Informational only — not investment advice or a consumer report (FCRA).
The assessment exemption gap
OPA's 2026 taxable assessment implies about $3,279/year. Applying the same 1.3998% rate to the full assessed value would imply ~$7,685/year — $4,406/year more. That is a scenario, not a forecast: the assessment split alone does not identify the exemption program, approval date, expiration, transfer treatment, or live Tax Center balance.
2026: ($549,000 assessed − $314,752 exempt) × 1.3998% ≈ $3,279/yr
full-assessment scenario: $549,000 × 1.3998% ≈ $7,685/yr
The OPA amount does not prove a ten-year abatement or any other specific program. Obtain the approval history and verify the current Tax Center account; a buyer should not assume the seller's relief transfers or restarts.
The property, on paper
The city assessor's field record — the physical spec sheet behind the assessed number.
Bedrooms
6
Bathrooms
4
Stories
3
Interior
2,034 sqft
livable area
Lot
991 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
Quality grade
C
assessor's grade
ABCDE
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 2114 N Franklin 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 2 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 (2021) a 30-year mortgage ran about 2.96% — 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 use this parcel's taxable assessment with an optional full-assessment stress test, not a live Tax Center balance.
Block context
2114 N Franklin St sits on the 2100 block of N Franklin St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 2112 N Franklin St · 2116 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
- 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 9, 2026, 6:59 PM 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. “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)