Multi-family report

2605 Annin St

9 bd · 5 ba · 3 stories · 3,600 sqft · RM1 · built 2023

Absentee individual · assessed $784K · 4 licensed units · sold 1×. On the 2600 block of Annin St.

Street view of 2605 Annin 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 $70K in 2019, built new under a 2020 permit (tax-abated).

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 $2,196/yr reflects a 10-year abatement. It steps up every year and reaches about $10,980/yr in 2035 — $8,784/yr more. Price the full bill, not the current one.

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 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
$784K
built 2023
Price / sq ft
$218
block $244 · below block
Appreciation
-13%
-7%/yr, city 6.5%
In 5 years (~2031)
~$782K
-7%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$2K
0.28% effective, abated
Gross yield
3%
≈$2K/mo rent
Times sold
1
kept in the family

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

$0$500K$1.0M2019: Land $70K2020: Combined Lot Line Relocation and New Dev… 2020: New construction, addition, GFA change2021: Appeal approved 2021: New Construction 2021: New Construction 2021: New Construction or Additions 2021: New Construction2022: New Construction or Additions 2022: New Construction 2022: 3 L&I violations 2022: L&I: 2 failed, 1 passed$784K201620222027
This houseBlock median & rangeLand buyL&I violationZoningPermit

The paper trail

Bought for $70K in 2019, built new under a 2020 permit (tax-abated).

  1. 2019 $70KLand buy
  2. 2020 Combined Lot Line Relocation and New Dev…PermitNew construction, addition, GFA changePermit
  3. 2021 Appeal approvedZoningNew ConstructionPermitNew ConstructionPermitNew Construction or AdditionsPermitNew ConstructionPermit
  4. 2022 New Construction or AdditionsPermitNew ConstructionPermit3 L&I violationsL&IL&I: 2 failed, 1 passedL&I visit

Flags: tax-abated — the bill lags real value · active rental license · 1 zoning/board appeal on record · long-held within one family. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $2,196/yr under a 10-year tax abatement that steps down every year. In 2035 the bill reaches its full ~$10,980/yr — a step up of $8,784/yr, 8 assessment years out. Drag the slider.

2025: ~$2,520/yr2026: ~$2,520/yr2027: ~$2,196/yr2028: ~$3,294/yr (projected)2029: ~$4,392/yr (projected)2030: ~$5,490/yr (projected)2031: ~$6,588/yr (projected)2032: ~$7,686/yr (projected)2033: ~$8,784/yr (projected)2034: ~$9,882/yr (projected)2035: ~$10,980/yr (projected)2036: ~$10,980/yr (projected)202520352036
2027~$2,196/yrfrom the record

now: ($784,400 assessed − $627,520 abated) × 1.3998% ≈ $2,196/yr 2035: $784,400 assessed × 1.3998% ≈ $10,980/yr The abated slice shrinks ~10% a year (post-2022 program, started 2025) — 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
9
Bathrooms
5
Stories
3
Interior
3,600 sqft
livable area
Lot
1,110 sqft
Basement
Full, semi-finished
city code B
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
Zoning
RM1
city zoning code
Zoning appeals
1
approved 2021

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

Run the numbers

What owning 2605 Annin St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 4 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.

$784K
20%
6.875%
$7K/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, $2,800/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record (with the abatement toggle above).

Block context

2605 Annin St sits on the 2600 block of Annin St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2617 Annin St  ·  2619 Annin 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)