The Block Report

Multi-family report

342 Catharine St

3 stories · 1,824 sqft · RM1 · built 1915

Investor / LLC · assessed $625K · 3 licensed units · sold 2×. On the 300 block of Catharine St.

Street view of 342 Catharine St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

Assessment$625KCity assessed value Last sale$315KRecorded 2005 Est. annual tax$9K/yearAssessment × 1.3998% Tax delinquency—Snapshot unavailable Permits0Shown in this report ViolationsNone openNo open L&I cases

What stands out

From the public record

What the record is signaling

Early patterns mined across this property's dated public records. Each flag shows what triggered it and where the inference stops.

watch signalAssessment/permit mismatch

The assessment jumped 39% in 2025, but no matching permit appears in the property timeline.

Evidence: assessment moved from $451,100 to $625,200 · no permit shown in 2024-2026

Limit: Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it.

Transparent record rules, not a machine-learning forecast. A signal is a prompt to verify the cited record, not a prediction or allegation.

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.

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 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.

Who's behind it

Phillyprop LP · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $1.4M combined
• Tax bills mail to 1821 Sansom St, Philadelphia PA, 19103
• Holds an active rental license for this address

PA corporate registry ↗OpenCorporates ↗City record ↗

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
$625K
built 1915
Price / sq ft
$343
block $363 · below block
Appreciation
+137%
+8%/yr, city 6.5%
In 5 years (~2031)
~$628K
+8%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$9K
1.4% effective
Jun 2022 tax snapshot
—
Gross yield
3.5%
≈$2K/mo rent
Times sold
2
licensed rental

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

$0$500K$1.0MBefore this chart — 2004: Sold $200K 2005: Sold $315K$625K201620222027
This houseBlock median & rangePermit

The paper trail

Traded

Traded 2×: $200K in 2004 → $315K in 2005 (+57%).

  1. 2004 $200KSold
  2. 2005 $315KSold

Flags: active rental license. 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
3
Interior
1,824 sqft
livable area
Lot
1,000 sqft
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
RM1
city zoning code

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

Run the numbers

What owning 342 Catharine 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 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.

$625K
20%
6.875%
$5K/mo

When this house last sold (2005) a 30-year mortgage ran about 5.87% — 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

342 Catharine St sits on the 300 block of Catharine St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 344-46 Catharine St  ·  324-40 Catharine St

Where this comes from

Methodology & freshness

Available City datasets are queried from OpenDataPhilly (phl.carto.com), then reports are cached and refreshed on a rolling schedule. Source dates vary: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. Other dossiers re-pull on view once stale, 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)