Multi-family report

2124 S 19th St

3 bd · 2 ba · 2 stories · 1,372 sqft · RM1 · built 1920

Absentee individual · assessed $468K · 2 licensed units · sold 2×. On the 2100 block of S 19th St.

Street view of 2124 S 19th St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record
Finding

New construction

Why it matters

Bought for $118K in 2007, built new under a 2021 permit (tax-abated), sold for $150K in 2023.

View supporting records →
Finding

Assessment and sale price disagree hard

Why it matters

Assessed at $468K, but it traded for $150,000 in 2023 — a 3.1× gap. Could be a non-market deed the record doesn't label, or an assessment that hasn't caught up.

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

The tax bill is temporary

Today's $2,817/yr reflects a 10-year abatement. It steps up every year and reaches about $6,551/yr in 2034 — $3,734/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’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 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 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
$468K
built 1920
Price / sq ft
$341
block $186 · above block
Appreciation
+381%
+15%/yr, city 6.5%
In 5 years (~2031)
~$472K
+15%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$3K
0.6% effective, abated
Gross yield
4.4%
≈$2K/mo rent
Times sold
2
kept in the family

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

$0$250K$500KBefore this chart — 2007: Sold $118K 2010: L&I violation 2010: L&I: 1 failed, 1 passed2021: Roof Covering Replacement2023: Sold $150K 2023: Interior Non-Load-Bearing Wall Demo. 2023: Change of Use 2023: Addition and/or Alteration 2023: Alterations 2023: Alterations 2023: Addition and/or Alteration 2023: Addition and/or Alterations$468K201620222027
This houseBlock median & rangeSalePermit

The paper trail

Bought for $118K in 2007, built new under a 2021 permit (tax-abated), sold for $150K in 2023.

  1. 2007 $118KSold
  2. 2010 L&I violationL&IL&I: 1 failed, 1 passedL&I visit
  3. 2021 Roof Covering ReplacementPermit
  4. 2023 $150KSoldInterior Non-Load-Bearing Wall Demo.PermitChange of UsePermitAddition and/or AlterationPermitAlterationsPermitAlterationsPermitAddition and/or AlterationPermitAddition and/or AlterationsPermit

Flags: tax-abated — the bill lags real value · active rental license · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $2,817/yr under a 10-year tax abatement that steps down every year. In 2034 the bill reaches its full ~$6,551/yr — a step up of $3,734/yr, 7 assessment years out. Drag the slider.

2016: ~$942/yr2017: ~$942/yr2018: ~$942/yr2019: ~$932/yr2020: ~$976/yr2021: ~$976/yr2022: ~$976/yr2023: ~$1,348/yr2024: ~$2,468/yr2025: ~$2,333/yr2026: ~$2,333/yr2027: ~$2,817/yr2028: ~$3,350/yr (projected)2029: ~$3,884/yr (projected)2030: ~$4,417/yr (projected)2031: ~$4,951/yr (projected)2032: ~$5,484/yr (projected)2033: ~$6,018/yr (projected)2034: ~$6,551/yr (projected)2035: ~$6,551/yr (projected)201620342035
2027~$2,817/yrfrom the record

now: ($468,000 assessed − $266,757 abated) × 1.3998% ≈ $2,817/yr 2034: $468,000 assessed × 1.3998% ≈ $6,551/yr The abated slice shrinks ~10% a year (post-2022 program, started 2024) — 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
2
Stories
2
Interior
1,372 sqft
livable area
Lot
1,032 sqft
Basement
Full
city code D
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
New / rehabbed
city code 2
New / rehabbed
Interior condition
New / rehabbed
city code 2
New / rehabbed
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.

Where the record looks off

Places where the city's own paperwork disagrees with itself. These are flags on the data — not problems with the property.

Assessment and sale price disagree hard

Assessed at $468K, but it traded for $150,000 in 2023 — a 3.1× gap. Could be a non-market deed the record doesn't label, or an assessment that hasn't caught up.

Run the numbers

What owning 2124 S 19th St takes, at your price and your rate. Taxes are this building's actual bill from the city record; 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.

$150K
20%
6.875%
$3K/mo

When this house last sold (2023) a 30-year mortgage ran about 6.81% — 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

2124 S 19th St sits on the 2100 block of S 19th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2122 S 19th St  ·  2126 S 19th 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)