2026 taxable assessment $295,000 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $241,200; it is not the 2026 billed-year value.
House report
2515 Nicholas St
2 bd · 2 ba · 2 stories · 1,146 sqft · RSA5 · built 1915
Investor / LLC · assessed $295K (2026) · 2027 OPA assessment $241K · sold 2×. On the 2500 block of Nicholas St.
Property summary
Assessment$295,0002026 OPA assessment · 2027: $241,200
Last sale$32KRecorded 2025
Est. tax bill$4,129/year2026 taxable assessment × 1.3998%
Tax delinquencyNo 2022 matchNot proof account is current
Permits4Every fetched City permit
Violations0 open1 historical across 1 case
“Open” reflects records available then historical records keep their source dates estimates are labeled
BlockReport AI · cited public records
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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 3240307002026 taxable assessment equals the full assessed value.
Historical delinquency sources No current conclusion
This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.
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 recordRenovated & sold on
Why it mattersBought for $66K in 2021, addition and/or alteration permit in 2021, sold for $145K in 2025 (+119%).
View supporting records →Assessment and sale price disagree hard
Why it mattersAssessed at $241K, but it traded for $32,000 in 2025 — a 7.5× 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
Built 1915: 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.
Zoned RSA5: one household by right
Single-family rowhouse (the classic Philly row). Converting to a duplex or apartments needs a use variance the zoning board rarely grants — Pennsylvania courts require a physical hardship of the lot itself, and economics alone do not qualify.
If you’re the landlord
If it is rented, verify the Rental License
The fetched license records do not show an active Rental License. Ownership type or a tax mailing address does not prove that tenants occupy the property; if it is rented, verify the current license and legal occupancy in eCLIPSE.
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
U S Bank National Association Tr · corporate / LLC owner
• Owns 40 properties across Philadelphia under this name, assessed at $8.3M combined
• Tax bills mail to C/O Velocity Commercial Capital 2945 Townsgate Rd Suite #110, Westlakes CA, 91361 — outside Philadelphia
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
$295,000
2026 billed-year assessment · 2027: $241,200 · built 1915
Price / sq ft
$210
block $132 · above block
Appreciation
+1503%
+32%/yr, city 6.5%
In 5 years (~2031)
~$245K
+32%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$4,129
1.71% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
-3316749.6%
≈$-667M/mo rent
Times sold
2
Assessment vs. the block · every dated City record marked on the line
This propertyBlock median & rangeDeed / saleL&I violationPermitInspectionLicense
Deed / sale $145K
Highlight
Every dated record8 events · scroll to browse
- Deed / saleDeed / sale $145K
- LicenseRental
- PermitAddition and/or Alterations
- PermitAlterations
- PermitAddition and/or Alteration
- Deed / saleDeed / sale $66K
- L&I violationWALL PARTIALLY COLLAPSED
- InspectionCSUINITIAL
The paper trail
Renovated & sold onBought for $66K in 2021, addition and/or alteration permit in 2021, sold for $145K in 2025 (+119%).
- 2007 L&I violationL&I
- 2021 $66KSoldAddition and/or AlterationPermitAddition and/or AlterationPermitAlterationsPermit
- 2022 Addition and/or AlterationsPermit
- 2025 $145KSold
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 9 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
- Recorded transfer$145K transfer
2025
- LicenseRental
License 907337 · Inactive
MDC Properties LLC · Expires 2023-09-28 · Inactive 2023-11-27
- PermitAddition and/or Alterations
Permit MP-2021-008903 · Completed
EZ PERMIT DUCTWORK & WARM-AIR APPLIANCES For the installation of New Ductwork, Registers/Grilles/Diffusers, and Warm-Air Appliances as per attached standards. Deviations from these standards require submission of construction and site plans. 2.5 ton AC, 2.5 ton eval coil approximately 8 supply air runs in the house.
- PermitAlterations
Permit PP-2021-021456 · Completed
Replacing 2 Toilets-2 lavatory sinks 1 kitchen sink 1 water heater 1 washer hook up
- PermitAddition and/or Alteration
Permit EP-2021-012761 · Completed
New 100amp panel and breakers and grounding system. Install doorbell, recess lights, switches, outlets and smoke detectors as per 2014 NEC
- PermitAddition and/or Alteration
Permit RP-2021-012148 · Completed
**CONTRACTOR HAS A NOTORIZED LETTER WITH NO EMPLOYEES, SOLE WORKER**MUST UPLOAD SUB-CONTRACTOR INFORMATION IF APPLICABLE** EZ PERMIT STANDARDS ALTERATIONS - For alterations to an Existing One Family Dwelling as per attached standard. Deviations from this standard will result in permit revocation and require submission of construction plans. Structural alteration or repair is expressly prohibited under this permit. Prohibited structural work any modifications to exterior walls, party walls, floor/roof framing or foundations, including underpinning, excavation, and removal of foundation slab. WORK IN THE BASEMENT OR CELLAR IS NOT INCLUDED ON THE EZ ALT PERMIT. Separate permits required for Mechanical, Electric and Plumbing. Interior Demo of non-load bearing walls & ceilings - clean out debris, Install half inch gypsum wall board, floors, kitchen cabinets, bathroom toilet, vanity & tub, kitchen cabinets & backsplash, install half-bath on the 1st floor, install vinyl flooring throughout the entire home, paint entire house, interior doors.
- Recorded transfer$66K transfer
2021
- ViolationWALL PARTIALLY COLLAPSED
Case 129078 · Violation 686223 · COMPLIED
City marked this violation complied with; check the resolution date and live case for what was accepted.
- InvestigationCSUINITIAL
Case 129078 · CLOSED
City marked the record closed; open the case for the closing reason.
What this record suggests
The City file documents 4 permits touching kitchen work, bathroom work, electrical work, plumbing. 4 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.
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.
Bedrooms
2
Bathrooms
2
Stories
2
Interior
1,146 sqft
livable area
Lot
742 sqft
Basement
Full
city code D
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Above average
city code 3
Above averageBelow average
Interior condition
New / rehabbed
city code 2
New / rehabbed
Quality grade
C
assessor's grade
ABCDE
Zoning
RSA5
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 $241K, but it traded for $32,000 in 2025 — a 7.5× 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 2515 Nicholas 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 the area median. Assessed value is not an asking price — set the price slider to the real one.
When this house last sold (2025) a 30-year mortgage ran about 6.6% — 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, not a live Tax Center balance.
Block context
2515 Nicholas St sits on the 2500 block of Nicholas St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 2513 Nicholas St · 2517 Nicholas 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 10, 2026, 1:56 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: queried. “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)