1016 S Reese Street, Philadelphia, PA 19147-4024 $310,000

Coming Soon
Interior Sq. Ft: 648
Acreage: 0.01
Age:105 years
Style:
Colonial
Subdivision: Queen Village
Design/Type:
Interior Row/Townhouse
Description
Welcome to this charming 2-bedroom, 1-bath brick-front townhome which offers the perfect mix of character, location, and income-generating potential. Whether you're a buyer looking for a home in one of Philadelphia’s most vibrant neighborhoods or an investor seeking a tenant-occupied property with reliable cash flow, this one delivers. The home greets you with a classic brick façade and beautifully detailed cornice that adds historic appeal. Step inside to find high ceilings, hardwood flooring, and a spacious main level layout that flows seamlessly from the welcoming living area into a large, well-appointed kitchen—ideal for cooking, entertaining, or just enjoying everyday comfort. Upstairs, two sun-filled bedrooms provide flexibility for a variety of living needs, including shared occupancy or a home office setup. The full bathroom on this level is well-positioned for convenience and privacy. Out back, a private rear yard creates a peaceful outdoor escape, perfect for relaxing, barbecuing, or gardening. The basement is unfinished but clean and well-maintained, with full ceiling height, laundry units, and ample storage space—offering future potential for customization or additional living space. Currently tenant-occupied at $1,700 per month through August 2025, this home is a turnkey investment in a neighborhood where rental demand remains strong. The location is unmatched—earning a Walk Score of 91, where daily errands can easily be completed without a car. With a Transit Score of 70, public transportation is convenient for most trips, and a Bike Score of 84 highlights the area's excellent biking infrastructure. Commuters will appreciate being just 19 minutes from the Broad Street Line via the Ellsworth-Federal Station stop. Nearby amenities include local favorites like Paris Baguette, Bambu, and many more eateries. Grocery shopping is a breeze with options like Giordano Pf Produce, Richette's South Philly Cold, and Marie’s Grocery close by. For families, schools such as Nebinger George W School and Horace Furness High School are within reach. Outdoor enthusiasts will enjoy the proximity to Jefferson Square, Cianfrani Park, and the historic Tomb of the Unknown Soldier of the Revolution. Additionally, the property qualifies for the CRA program, offering a conventional loan with no mortgage insurance, low down payment and lower interest rate. This is a rare opportunity to own a versatile, income-producing home in one of Philadelphia’s most walkable and desirable communities. Schedule your tour today before it's gone!
Bedroom 2: Upper 1
Bathroom 1: Upper 1
Living Room: Main
Kitchen: Main
Basement: Lower 1
Laundry: Lower 1
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Hot Water Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer, Basement Laundry
Garage/Parking
On Street
Interior
Full Basement, Unfinished Basement
Exterior
Masonry, Sidewalks, Street Lights
Lot
Rear Yard, Street View
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (105 schools)
Public Middle (19 schools)
Public High (51 schools)
Private (73 schools)
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This report is a detailed community overview for Philadelphia (19147), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 30
- Average salary of people in this community: $73,640
Community Summary
- Population Density (ppl / mile): 23,999
- Household Size (ppl): 2.20
- Households w/ Children: 35%
Housing Inventory
- Owned: 9,584 (48.7%)
- Rented: 7,806 (39.6%)
- Vacant: 2,305 (11.7%)
- Total: 19,695
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.4%
- Some High School: 5.2%
- High School Graduate: 15.3%
- Some College: 9.8%
- Associate Degree: 3.7%
- Bachelor's Degree: 31.7%
- Graduate Degree: 30.0%
Income by dollar range
Median Income: $81,519
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $943
- One Bedroom: $1,172
- Two Bedroom: $1,625
- Three Bedroom: $1,893
- Four Bedroom: $1,219
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-733-7079
Listing Courtesy of: RE/MAX @ HOME , (215) 607-3535, thelistingteam@liveloveathome.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 6/14/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.