The Block Report

Multi-family report

4602-08 Canton St

4 stories · 45,315 sqft · CMX2 · built 2018

Investor / LLC · assessed $6.3M · 36 licensed units. On the 4600 block of Canton St.

Street view of 4602-08 Canton St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

Assessment$6.3MCity assessed value Last sale$9.1MRecorded 2022 Est. taxes$9K/yearAnnual city record Permits8Shown in this report ViolationsNone openNo open L&I cases

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

The tax bill is temporary

Today's $8,836/yr reflects a 10-year abatement. It jumps to about $88,357/yr in 2031 — $79,521/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.

Who's behind it

Canton Properties LLC · corporate / LLC owner

• Tax bills mail to 138 Atlantic Avenue, Brooklyn NY, 11201 — outside Philadelphia
• 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
$6.3M
built 2018
Price / sq ft
$139
block $226 · below block
Appreciation
+29%
+4%/yr, city 6.5%
In 5 years (~2031)
~$6.3M
+4%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$9K
0.14% effective, abated
Gross yield
0.4%
≈$2K/mo rent
Times sold
0
licensed rental

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

$0$5.0M$10M2018: Demolished2019: New Construction 2019: Electrical 2019: Plumbing 2019: Administrative 2019: Addition and/or Alteration 2019: Plumbing 2019: Mechanical 2019: Electrical2023: L&I violation 2023: L&I: 1 failed, 1 passed$6.3M201620222027
This houseBlock median & rangeTeardownL&I violationPermit

The paper trail

Torn down & rebuilt

demolished in 2018 and rebuilt (2019).

  1. 2018 DemolishedTeardown
  2. 2019 New ConstructionPermitElectricalPermitPlumbingPermitAdministrativePermitAddition and/or AlterationPermitPlumbingPermitMechanicalPermitElectricalPermit
  3. 2023 L&I violationL&IL&I: 1 failed, 1 passedL&I visit

Flags: tax-abated — the bill lags real value · active rental license. Informational only — not investment advice or a consumer report (FCRA).

The abatement clock

This house pays about $8,836/yr under a 10-year tax abatement. In 2031 the bill reaches its full ~$88,357/yr — a step up of $79,521/yr, 4 assessment years out. Drag the slider.

2021: ~$6,846/yr2022: ~$6,846/yr2023: ~$6,846/yr2024: ~$6,846/yr2025: ~$7,482/yr2026: ~$7,482/yr2027: ~$8,836/yr2028: ~$8,836/yr (projected)2029: ~$8,836/yr (projected)2030: ~$8,836/yr (projected)2031: ~$88,357/yr (projected)2032: ~$88,357/yr (projected)202120312032
2027~$8,836/yrfrom the record

now: ($6,312,100 assessed − $5,680,867 abated) × 1.3998% ≈ $8,836/yr 2031: $6,312,100 assessed × 1.3998% ≈ $88,357/yr Flat 100% exemption (pre-2022 program, started 2021), then the cliff — 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.

Stories
4
Interior
45,315 sqft
livable area
Lot
14,442 sqft
Exterior condition
Newer construction
city code 1
Newer construction
Interior condition
Newer construction
city code 1
Newer construction
Quality grade
B-
assessor's grade
Zoning
CMX2
city zoning code

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

Run the numbers

What owning 4602-08 Canton St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 36 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.

$6.3M
20%
6.875%
$63K/mo

When this house last sold (2022) a 30-year mortgage ran about 5.34% — 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, $25,200/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record (with the abatement toggle above).

Block context

4602-08 Canton St sits on the 4600 block of Canton St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 4600 Canton St  ·  4610 Canton 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)