Multi-family report

5242 Larchwood Ave

4 bd · 2 ba · 2 stories · 1,370 sqft · RM1 · built 1925

Owner-occupied · assessed $299K (2026) · 2027 OPA assessment $290K · 2 licensed units · sold 1×. On the 5200 block of Larchwood Ave.

Street view of 5242 Larchwood Ave
From the street — imagery © Google
From above — imagery © Esri, Maxar
BlockReport AI · cited public records

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Property summary

“Open” reflects records available then historical records keep their source dates estimates are labeled

Question or correct this record

BlockReport can explain a discrepancy, but it cannot rewrite an official City record. Use the agency that owns the underlying fact:

The estimate, live balance, and back-tax record are different.

BlockReport can calculate the annual tax from the City’s taxable assessment. Payments, credits, interest, and a current amount due live separately in Philadelphia Tax Center.

Estimated annual Real Estate Tax$2,307/year

2026 taxable assessment $164,827 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $290,000; it is not the 2026 billed-year value.

Official current account balanceCheck live

A Tax Center balance is net of bills, payments, credits, interest, and adjustments. A credit—or an amount due—is not automatically “back taxes.”

OPA 462009700
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationPartial assessment exemption — basis unverified

2026 OPA taxes $164,827 of $298,600 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$4,180/year

Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.

See the assessment math →
Historical delinquency sources No current conclusion

This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.

For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”

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

Verify the current tax bill and exemption

The 2026 taxable assessment implies about $2,307/yr, while applying the same rate to the full assessment would imply about $4,180/yr — $1,873/yr more. OPA's assessment split does not establish the exemption program, expiration, or buyer eligibility. Verify the basis and live bill with OPA and Revenue.

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.

If you own it

Verify which assessment relief applies

OPA shows a material assessment exemption, but this record does not identify its legal basis or transfer treatment. Ask OPA for the approval history; if the current treatment ends, an eligible owner-occupant may need to apply separately for Homestead relief.

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 the fetched property records and linked City guidance as of 2026. Assessment treatment is not a substitute for an exemption approval, live balance, title report, license, occupancy certificate, or inspection. Informational only — not legal, tax, or investment advice.

The investment read

How this building has moved and where it's pointed: every fetched annual City assessment, charted against its block and ZIP; appreciation includes the full-period compound rate and the latest year-over-year change. The 5-year figure simply extends that historical pace. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$298,600
2026 billed-year assessment · 2027: $290,000 · built 1925
Price / sq ft
$212
block $164 · above block
Appreciation
+428%
+16%/yr since 2016 · 2027 -3% vs 2026
In 5 years (~2032)
~$618K
+16%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax bill / yr
$2,307
0.8% effective, reduced taxable assessment
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
4.7%
≈$1K/mo rent
Times sold
1
licensed rental

Assessment vs. the block and ZIP · every dated City record marked on the line

$0$250K$500KZIP 19143 median$290K201320162019202220252027
Property assessmentBlock median & rangeZIP 19143 medianAssessmentDeed / saleL&I violationPermitInspectionLicense

Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.

Highlight
Every dated record12 events · exact dates, newest first
  1. LicenseRental
  2. Deed / saleDeed / sale $370K
  3. LicenseRental
  4. PermitPlumbing
  5. PermitElectrical
  6. PermitAddition and/or Alteration
  7. LicenseVacant Residential Property / Lot
  8. PermitUse
  9. PermitMechanical
  10. PermitDemolition
  11. InspectionHCEU INSP (Housing Code Enforcement Unit inspection)
  12. L&I violationEXT A-POOL MAINT/CLEAN/ENCLOSE

The paper trail

Bought for $370K in 2021. Owner pulled a plumbing permit in 2015.

  1. 2013 L&I violationL&IL&I: 1 failed, 1 passedL&I visit
  2. 2015 UsePermitMechanicalPermitDemolitionPermitAddition and/or AlterationPermitElectricalPermitPlumbingPermit
  3. 2021 $370KSold

Browse the source ledger

The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.

Open the City record ↗
Browse 13 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. LicenseRental

    License 945936 · Active

    Nadia Bosket · Expires 2027-03-04

  2. Recorded transfer$370K transfer

    2021

  3. LicenseRental

    License 696038 · Inactive

    MAHARI BAILEY (MAHARI YARED DEVELOPMENT) · Expires 2021-03-01 · Inactive 2021-04-30

  4. PermitPlumbing

    Permit 660577 · COMPLETED

    2 TOILETS, 2 LAVS, 2 SHOWERS, 2 KITCHEN,2 LAUNDRY, ROUGHIN AND FINISH (TWO FAMILY)THE INSTALLATION WILL COMPLY WITH THE PHILADELPHIA PLUMBING CODE 2004

  5. PermitElectrical

    Permit 653169 · COMPLETED

    WIRE THROUGHOUT SMOKE DETECTOR, OUTLETS, SWITCHES, GFCI, LIGHTS THROUGHOUT PER NEC CODE 2008.WEST DISTRICT

  6. PermitAddition and/or Alteration

    Permit 652901 · Issued

    FOR THE CONVERSION AND ALTERATIONS OF A ONE(1) FAMILY DWELLING TO A TWO (2) FAMILY DWELLING. THIS WILL BE A TWO FAMILY BUILDING WITH A SINGLE EXIT. THE BASEMENT WILL BE NON HABITABLE SPACE / UTILITES ONLY. **POST THIS PERMIT ** POST THE PROJECT INFORMATION SIGN**

  7. LicenseVacant Residential Property / Lot

    License 685051 · Inactive

    NATIONSTAR MORTGAGE LLC (RDF FIELD SRV) · Expires 2016-11-30 · Inactive 2017-01-29

  8. PermitUse

    Permit 651863 · COMPLETED

    FOR USE AS A TWO-FAMILY HOUSEHOLD LIVING WITHIN AN EXISTING ATTACHED STRUCTURE.

  9. PermitMechanical

    Permit 651893 · COMPLETED

    EZ PERMIT DUCTWORK & WARM-AIR APPLIANCES- FOR THE INSTALLATION OF NEW DUCTWORK, REGISTERS/GRILLES/DIFFUSERS, AND WARM-AIR APPLIANCES AS PER ATTACHED STANDARD. DEVIATIONS FROM THIS STANDARD WILL RESULT IN PERMIT REVOCATION AND REQUIRE SUBMISSION OF CONSTRUCTION PLANS. EACH HVAC UNIT CONTAINED WITHIN SINGLE TENNANT SPACE

  10. PermitDemolition

    Permit 651899 · COMPLETED

    EZ INTERIOR DEMOLITION- FOR THE INTERIOR DEMOLITION OF NON LOAD-BEARING PARTITION WALLS AND CEILINGS AS PER ATTACHED STANDARD. DEVIATIONS FROM THIS STANDARD WILL RESULT IN PERMIT REVOCATION AND REQUIRE SUBMISSION OF CONSTRUCTION PLANS.

  11. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 378576 · PASSED

    A legacy L&I inspection label. The unit inspected housing for property-maintenance, fire-prevention, and related code compliance; the separate status says how that visit ended. The cited inspection visit was marked passed.

  12. ViolationEXT A-POOL MAINT/CLEAN/ENCLOSE

    Case 378576 · Violation 2780560 · COMPLIED

    City marked this violation complied with; check the resolution date and live case for what was accepted.

  13. InvestigationHCEU INSP (Housing Code Enforcement Unit inspection)

    Case 378576 · FAILED

    A legacy L&I inspection label. The unit inspected housing for property-maintenance, fire-prevention, and related code compliance; the separate status says how that visit ended. The cited inspection visit was marked failed; later rows may show follow-up or resolution.

What this record suggests

The City file documents 6 permits touching kitchen work, electrical work, plumbing. 6 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.

Flags: material assessment exemption — legal basis and term unverified · active rental license. Informational only — not investment advice or a consumer report (FCRA).

The assessment exemption gap

OPA's 2026 taxable assessment implies about $2,307/year. Applying the same 1.3998% rate to the full assessed value would imply ~$4,180/year$1,873/year more. That is a scenario, not a forecast: the assessment split alone does not identify the exemption program, approval date, expiration, transfer treatment, or live Tax Center balance.

2016: ~$768/yr2017: ~$768/yr2018: ~$768/yr2019: ~$1,052/yr2020: ~$1,122/yr2021: ~$1,122/yr2022: ~$1,122/yr2023: ~$2,062/yr2024: ~$2,062/yr2025: ~$2,307/yr2026: ~$2,307/yr20162026
2026~$2,307/yrestimated from assessment

2026: ($298,600 assessed − $133,791 exempt) × 1.3998% ≈ $2,307/yr full-assessment scenario: $298,600 × 1.3998% ≈ $4,180/yr The OPA amount does not prove a ten-year abatement or any other specific program. Obtain the approval history and verify the current Tax Center account; a buyer should not assume the seller's relief transfers or restarts.

The property, on paper

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

Bedrooms
4
Bathrooms
2
Stories
2
Interior
1,370 sqft
livable area
Lot
1,302 sqft
Basement
Full, unfinished
city code C
Heat
Forced hot air
city code A
Central air
Yes
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
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 5242 Larchwood Ave 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 2 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.

$290K
20%
6.875%
$2K/mo

When this house last sold (2021) a 30-year mortgage ran about 2.96% — 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, $1,400/yr insurance, 1% of price/yr maintenance; taxes use this parcel's taxable assessment with an optional full-assessment stress test, not a live Tax Center balance.

Block context

5242 Larchwood Ave sits on the 5200 block of Larchwood Ave. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 5240 Larchwood Ave  ·  5244 Larchwood Ave

Where this comes from

Methodology & freshness

This report was assembled Jul 10, 2026, 10:05 AM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)