Multi-family report

331 N 53rd St

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

Absentee individual · assessed $167K · 4 licensed units. On the 300 block of N 53rd St.

Street view of 331 N 53rd St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

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 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.

4 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 4 rents.

The last transfer was not a sale

The most recent recorded deed moved for nominal consideration, within one family. That is where tangled-title problems live — budget a real title search. (Occupants untangling an inherited deed can get help from the city's Tangled Title Fund.)

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
$167K
built 1925
Price / sq ft
$111
block $98 · above block
Appreciation
+203%
+11%/yr, city 6.5%
In 5 years (~2031)
~$168K
+11%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$2K
1.4% effective
Gross yield
8.6%
≈$1K/mo rent
Times sold
0
kept in the family

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

$0$125K$250KBefore this chart — 2006: Inspection failed 2009: Inspection passed 2014: Plumbing$167K201620222027
This houseBlock median & rangePermit

The paper trail

Owner pulled a plumbing permit in 2014.

  1. 2006 Inspection failedL&I visit
  2. 2009 Inspection passedL&I visit
  3. 2014 PlumbingPermit

Flags: active rental license · long-held within one family. 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
1,500 sqft
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
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 331 N 53rd 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.

$167K
20%
6.875%
$4K/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.

Block context

331 N 53rd St sits on the 300 block of N 53rd St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 329 N 53rd St  ·  333 N 53rd 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)