The Block Report

House report

2534 Nicholas St

3 bd · 1 ba · 2 stories · 1,056 sqft · RSA5 · built 1915

Investor / LLC · assessed $68K (2026) · 2027 OPA assessment $173K. On the 2500 block of Nicholas St.

Property summary

Assessment$68,1002026 OPA assessment · 2027: $172,700 Last sale—No sale value available Est. tax bill$953/year2026 taxable assessment × 1.3998% Tax delinquencyNo 2022 matchNot proof account is current Permits6Every fetched City permit Violations0 open6 historical across 4 cases

“Open” reflects records available then historical records keep their source dates estimates are labeled

BlockReport AI · cited public records

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Street view of 2534 Nicholas St
From the street — imagery © Google
From above — imagery © Esri, Maxar

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.

Estimated annual Real Estate Tax$953/year

2026 taxable assessment $68,100 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $172,700; it is not the 2026 billed-year value.

Official current account balanceCheck live

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 324027200
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationNo exemption shown

2026 taxable assessment equals the full assessed value.

Historical delinquency sources Record found

This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.

A separate historical parcel ledger ending in 2016 records $5,342.02 and a lien entry. It is shown as historical context only.

1996$1,398.50 total · $60.82 principal · $108.56 interest · $4.26 penalty1997$224.20 total · $60.82 principal · $104.92 interest · $4.26 penalty1998$217.73 total · $60.82 principal · $99.44 interest · $4.26 penalty1999$211.28 total · $60.82 principal · $93.97 interest · $4.26 penalty2000$204.82 total · $60.82 principal · $88.50 interest · $4.26 penalty2001$731.38 total · $246.33 principal · $336.24 interest · $17.24 penalty2002$116.16 total · $33.45 principal · $42.65 interest · $2.34 penalty2003$112.61 total · $33.45 principal · $39.64 interest · $2.34 penalty2004$109.06 total · $33.45 principal · $36.63 interest · $2.34 penalty2005$105.50 total · $33.45 principal · $33.62 interest · $2.34 penalty2006$101.95 total · $33.45 principal · $30.61 interest · $2.34 penalty2007$98.40 total · $33.45 principal · $27.60 interest · $2.34 penalty2008$101.31 total · $36.49 principal · $26.82 interest · $2.55 penalty2009$97.43 total · $36.49 principal · $23.53 interest · $2.55 penalty2010$93.56 total · $36.49 principal · $20.25 interest · $2.55 penalty2011$96.24 total · $40.10 principal · $18.65 interest · $2.81 penalty2012$94.62 total · $41.65 principal · $15.62 interest · $2.92 penalty2013$92.58 total · $43.15 principal · $12.29 interest · $3.02 penalty2014$428.94 total · $218.82 principal · $42.67 interest · $15.32 penalty2015$405.70 total · $218.82 principal · $22.97 interest · $15.32 penalty2016$300.05 total · $191.57 principal · $2.88 interest · $1.92 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 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

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.

The last transfer used nominal consideration

The latest deed records $100 or less. That is not a usable market-sale price and can reflect a family, estate, gift, correction, or entity transfer. Inspect the deed and order a title search rather than inferring the relationship or chain.

If you own it

$5,342 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

Lead certificate is not optional

Built 1915: 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 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

Philadelphia Lotus 02a Ll · corporate / LLC owner

• Owns 56 properties across Philadelphia under this name, assessed at $9.2M combined
• Tax bills mail to 829 N 29th St, Philadelphia PA, 19130
• Holds an active rental license for this address

PA corporate registry ↗OpenCorporates ↗City record ↗

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
$68,100
2026 billed-year assessment · 2027: $172,700 · built 1915
Price / sq ft
$164
block $132 · above block
Appreciation
+472%
+19%/yr, city 6.5%
In 5 years (~2031)
~$174K
+19%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$953
0.55% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
-4632310.4%
≈$-667M/mo rent
Times sold
0
licensed rental

Assessment vs. the block · every dated City record marked on the line

$0$250K$500K2016 OPA assessment: $12K2017 OPA assessment: $12K2018 OPA assessment: $12K2019 OPA assessment: $14K2020 OPA assessment: $14K2021 OPA assessment: $14K2022 OPA assessment: $14K2023 OPA assessment: $44K2024 OPA assessment: $44K2025 OPA assessment: $68K2026 OPA assessment: $68K2012 — 2012-11-08: LICENSE-VAC RES BLDG · 2012-11-08: VACANT PROP STANDARD · 2012-11-08: VACANT BLDG UNSECURED COUNT · 2012-12-14: HCEU INSP2013 — 2013-01-28: HCEU INSP2014 — 2014-08-25: EXT-TREES PRUNE/REMOVE · 2014-12-20: HCEU INSP2015 — 2015-10-15: EXTERIOR STRUCT UNSAFE COND 9 · 2015-10-15: UNSAFE STRUCTURE · 2015-08-06: PRECOURT · 2015-10-14: CSUINITIAL2016 — 2016-11-16: CSUINITIAL2017 — 2017-09-13: HCEU INSP2018 — 2018-04-27: Major alteration · 2018-08-06: Plumbing · 2018-05-07: Electrical · 2018-05-12: Mechanical · 2018-04-24: CSUINITIAL · 2018-09-24: Rental2019 — 2019-02-01: PRECOURT · 2019-09-08: Rental2020 — 2020-09-04: Rental$68K201220152018202120242026
This propertyBlock median & rangeL&I violationPermitInspectionLicense
2020-09-04: Rental
Highlight
Every dated record22 events · scroll to browse
  1. LicenseRental
  2. LicenseRental
  3. InspectionPRECOURT
  4. LicenseRental
  5. PermitPlumbing
  6. PermitMechanical
  7. PermitElectrical
  8. PermitMajor alteration
  9. InspectionCSUINITIAL
  10. InspectionHCEU INSP
  11. InspectionCSUINITIAL
  12. L&I violationEXTERIOR STRUCT UNSAFE COND 9
  13. L&I violationUNSAFE STRUCTURE
  14. InspectionCSUINITIAL
  15. InspectionPRECOURT
  16. InspectionHCEU INSP
  17. L&I violationEXT-TREES PRUNE/REMOVE
  18. InspectionHCEU INSP
  19. InspectionHCEU INSP
  20. L&I violationLICENSE-VAC RES BLDG
  21. L&I violationVACANT PROP STANDARD
  22. L&I violationVACANT BLDG UNSECURED COUNT

The paper trail

Improved

Owner pulled a plumbing permit in 2018.

  1. 2014 L&I violationL&I
  2. 2015 2 L&I violations incl EXTERIOR STRUCT UNSAFE COND 9L&I
  3. 2016 Inspection failed ×2L&I visit
  4. 2017 Inspection passedL&I visit
  5. 2018 Major alterationPermitMajor alterationPermitPlumbingPermitElectricalPermitMechanicalPermitInspection passedL&I visitPlumbingPermit
  6. 2019 Inspection passedL&I visit

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.

Open the City record ↗
Browse 25 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. LicenseRental

    License 850603 · Active

    Philadelphia Lotus 02A LLC · Expires 2026-09-03

  2. LicenseRental

    License 823132 · Inactive

    Philadelphia Lotus 3 LLC · Expires 2020-09-07 · Inactive 2020-11-06

  3. InvestigationPRECOURT

    Case 359063 · PASSED

  4. LicenseRental

    License 789917 · Inactive

    Philadelphia Lotus 02 LLC · Expires 2019-09-23 · Inactive 2019-11-22

  5. PermitPlumbing

    Permit 899889 · COMPLETED

    3/4" SERVICE PA20182181468(SFD)"SELF-CERTIFICATION'S ARE NO LONGER PERMITTED" - "ALL EXCAVATIONS AND PLUMBING TRENCHES IN EXCESS OF 5 FEET IN DEPTH MUST HAVE APPROVED SHORING IN PLACE AT THE TIME OF INSPECTION"

  6. PermitMechanical

    Permit 876019 · COMPLETED

    INSTALL (1) GAS FURNACE WITH DUCTWORK. (SFD)

  7. PermitElectrical

    Permit 874568 · COMPLETED

    EZ ELECTRIC PERMIT - INSTALL 100AMP SERVICE AND REWIRE WITH OUTLETS, LIGHTS, SWITCHES, FIXTURES, AND SMOKE/CO DETECTORS AS PER THE 2008 NEC.

  8. PermitPlumbing

    Permit 873591 · COMPLETED

    1.5 BATHS,KITCHEN SINK AND WASHER (SFD)

  9. PermitMajor alteration

    Permit 871884 · COMPLETED

    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.

  10. InvestigationCSUINITIAL

    Case 506427 · PASSED

  11. PermitMajor alteration

    Permit 845860 · COMPLETED

    FOR RENOVATIONS TO AN EXISTING SINGLE FAMILY DWELLING FOR A MAKE SAFE PERMIT. RENOVATION TO INCLUDE RENOVATIONS THROUGHOUT AND AN FOR THE INSTALLATION OF SHORING AS SHOWN PER APPROVED PLANS. REPLACEMENT OF NO MORE THAN 2/3RD OF FLOOR JOISTS THROUGHOUTOUT THE STRUCTURE. SHORING TO BE INSTALLED PER ENGINEER'S DETAILS. ALL WORK TO BE DONE PER APPROVED PLANS THAT IS SEALED AND SIGNED BY STRUCTURAL ENGINEER. IF FIELD CONDITIONS VARY CONTACT DESIGN ENGINEER PRIOR TO THE START OF ANY WORK. SEPARATE PERMITS REQUIRED FOR CERTIFICATE OF OCCUPANCY AND INTERIOR FITOUT OF THE STRUCTURE. WORK TO BE COMPLETE FOR STRUCTURAL STABILIZATION ONLY.

  12. InvestigationHCEU INSP

    Case 495858 · PASSED

  13. InvestigationCSUINITIAL

    Case 506427 · FAILED

  14. ViolationEXTERIOR STRUCT UNSAFE COND 9

    Case 506427 · Violation 4147748 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  15. ViolationUNSAFE STRUCTURE

    Case 506427 · Violation 4147747 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  16. InvestigationPRECOURT

    Case 449713 · CLOSED

  17. InvestigationPRECOURT

    Case 449713 · FAILED

  18. ViolationEXT-TREES PRUNE/REMOVE

    Case 449713 · Violation 3654650 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  19. InvestigationHCEU INSP

    Case 359063 · CLOSED

  20. InvestigationHCEU INSP

    Case 359063 · FAILED

  21. InvestigationHCEU INSP

    Case 359066 · CLOSED

  22. ViolationLICENSE-VAC RES BLDG

    Case 359063 · Violation 2699887 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  23. ViolationVACANT PROP STANDARD

    Case 359066 · Violation 2636412 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  24. ViolationVACANT BLDG UNSECURED COUNT

    Case 359066 · Violation 2636413 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  25. InvestigationHCEU INSP

    Case 359066 · FAILED

What this record suggests

The City file documents 6 permits touching kitchen work, bathroom work, electrical work, plumbing. 6 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.

Flags: active rental license · historical tax ledger through 2016 recorded $5K with a lien entry. 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
3
Bathrooms
1
Stories
2
Interior
1,056 sqft
livable area
Lot
840 sqft
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
C
assessor's grade
Zoning
RSA5
city zoning code

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

Run the numbers

What owning 2534 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.

$173K
20%
6.875%
$700/mo
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

2534 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: 2532 Nicholas St  ·  2536 Nicholas St

Where this comes from
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)