Multi-family report

2656 Bridge St

2 stories · 1,500 sqft · RSA5 · built 1925

Owner-occupied · assessed $304K · 3 licensed units · sold 3×. On the 2600 block of Bridge St.

Street view of 2656 Bridge St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record
Finding

Renovated & sold on

Why it matters

Bought for $49K in 2004, use permit in 2016, sold for $235K in 2020 (+380%).

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 1925: 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.

3 units in RSA5, a single-family district

The building's use almost certainly predates today's code — a "legal nonconforming" use. That status survives a sale but can lapse if the use is abandoned or the building sits vacant; verify the registered use with L&I before pricing it as 3 rents.

If you own it

$1,399/yr may be unclaimed

This home reads owner-occupied but shows no Homestead Exemption, which removes $100,000 from the taxable assessment (worth up to $1,399/yr). Applying through the City is free and takes minutes.

If you’re the landlord

Lead certificate is not optional

Built 1925: 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
$304K
built 1925
Price / sq ft
$203
block $148 · above block
Appreciation
+104%
+7%/yr, city 6.5%
In 5 years (~2031)
~$305K
+7%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$4K
1.4% effective
Gross yield
-2633311.4%
≈$-667M/mo rent
Times sold
3
licensed rental

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

$0$250K$500KBefore this chart — 2004: Sold $49K 2012: L&I violation2016: Appeal granted 2016: Sold $150K 2016: Use2018: 4 L&I violations 2018: Inspection failed ×22019: 4 L&I violations 2019: L&I: 2 failed, 1 passed2020: Inspection failed ×2 2020: Sold $235K2024: Inspection passed$304K201620222027
This houseBlock median & rangeSaleL&I violationPermitInspection

The paper trail

Bought for $49K in 2004, use permit in 2016, sold for $235K in 2020 (+380%).

  1. 2004 $49KSold
  2. 2012 L&I violationL&I
  3. 2016 Appeal grantedZoning$150KSoldUsePermit
  4. 2018 4 L&I violationsL&IInspection failed ×2L&I visit
  5. 2019 4 L&I violationsL&IL&I: 2 failed, 1 passedL&I visit
  6. 2020 Inspection failed ×2L&I visit$235KSold
  7. 2024 Inspection passedL&I visit

Flags: active rental license · 1 zoning/board appeal on record. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Stories
2
Interior
1,500 sqft
livable area
Lot
2,315 sqft
Basement
Full
city code D
Heat
Undetermined
city code H
Central air
No
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
RSA5
city zoning code
Zoning appeals
1
granted 2016

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

Run the numbers

What owning 2656 Bridge St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 3 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.

$304K
20%
6.875%
$2K/mo

When this house last sold (2020) a 30-year mortgage ran about 3.1% — 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, $2,100/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Block context

2656 Bridge St sits on the 2600 block of Bridge St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 2656r Bridge St  ·  2652-54 Bridge 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)