Multi-family report
1931 Wallace St
5 bd4 ba3 stories3,753 sqftRM1built 1920
Entity-held
Assessment and City record timeline
Published City assessments for this building against its block and ZIP. Dated City filings are marked on the same line. Select one to read it. Assessments are tax-roll values, not sale prices or appraisals.
- OPA assessment · 2016$771K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2017$771K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2018$771K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2019$700K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2020$724K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2021$724K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2022$724K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2023$1.2M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2024$1.2M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2025$980K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2026$980K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2027$1.1M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- Deed / sale · 2012Deed / sale $560KA recorded real-estate document or transfer event. The amount and date can be useful history, but the underlying deed and transfer-tax filing control the parties, consideration, and legal effect.How to read the recorded document ↗
- Deed / sale · 2024Deed / sale $1.1MA recorded real-estate document or transfer event. The amount and date can be useful history, but the underlying deed and transfer-tax filing control the parties, consideration, and legal effect.How to read the recorded document ↗
- Permit · 2007-04-02AlterationThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2007-07-03ElectricalThis permit category usually covers electrical installation, alteration, replacement, or repair. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2007-10-12PlumbingThis permit category usually covers water, drainage, fixtures, or other plumbing work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2012-11-13Zoning/useThis permit category usually covers the property’s allowed use, dimensions, occupancy, or site configuration. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-02-22UseThis permit category usually covers the property’s allowed use, dimensions, occupancy, or site configuration. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-05-16PlumbingThis permit category usually covers water, drainage, fixtures, or other plumbing work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-05-21MechanicalThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-05-24Major alterationA broad legacy permit work category for a substantial building alteration. It can include changed layouts, partitions, fixtures, finishes, structural work, or occupancy-related work, but only the approved scope and plans say what this permit actually authorized; separate trade permits may be required.What Philadelphia building permits can cover ↗
- Permit · 2013-08-01SuppressionThis permit category usually covers fire-suppression systems or related life-safety work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2013-10-23ElectricalThis permit category usually covers electrical installation, alteration, replacement, or repair. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2024-07-15AlterationsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2024-07-19AlterationsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2026-03-29Addition and/or AlterationThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- License · 2024-10-09AB Investment Partners, LLC: Rental landlord or residential registration initially issuedA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
- License · 2014-01-15FAIRMOUNT LIVING LLC: Rental landlord or residential registration initially issuedA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
- License · 2019-04-29FAIRMOUNT LIVING LLC: Rental landlord or residential registration marked inactiveA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
- Certification · 2024-11-25Sprinkler CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Certification · 2024-12-30Fire Alarm CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Certification · 2025-12-31Sprinkler CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
Scroll horizontally to move through the years. Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.
- PermitAddition and/or Alteration
- CertificationSprinkler Certification
- CertificationFire Alarm Certification
- CertificationSprinkler Certification
- LicenseAB Investment Partners, LLC: Rental landlord or residential registration initially issued
- PermitAlterations
- PermitAlterations
- Deed / saleDeed / sale $1.1M
- LicenseFAIRMOUNT LIVING LLC: Rental landlord or residential registration marked inactive
- LicenseFAIRMOUNT LIVING LLC: Rental landlord or residential registration initially issued
- PermitElectrical
- PermitSuppression
- PermitMajor alteration
- PermitMechanical
- PermitPlumbing
- PermitUse
- PermitZoning/use
- Deed / saleDeed / sale $560K
- PermitPlumbing
- PermitElectrical
- PermitAlteration
Flags: active rental license. Informational only. Not investment advice or a consumer report (FCRA).
Verify the public record
Property tax
$13,721/year estimated property tax
2026 taxable assessment $980,200 × 1.3998%. This is an estimate, not a bill or account balance. The City maintains payments, credits, interest, and the current amount due.
OPA has published a 2027 assessment of $1,138,400. It is not the 2026 billed-year value.
Payments, credits, interest, and the current amount due are maintained by the City.
OPA 1520884002026 taxable assessment equals the full assessed value.
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.”
The property, on paper
OPA physical field record.
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Recorded owner
Who's behind it
Ab Investment Partners LLC · corporate / LLC owner
• Tax bills mail to 671 Danbury CT, Newtown PA, 18940 — outside Philadelphia
• Holds an active rental license for this address
Block context
1900 block of Wallace St. Compare parcels, ownership, and public-record history.
See the whole block →Next door: 1929 Wallace St · 1929 Wallace St
L&I license dates · data through Jul 21, 2026
Business licenses at this address Latest pull
What L&I has registered at this OPA parcel, newest initial license date first.
No L&I business license is on record at this address in data through Jul 21, 2026.
Landlord and residential filings
These are property registrations or landlord filings, not businesses operating at this address.
Rental · Initial issue date Oct 9, 2024 · Filed expiration Oct 8, 2026
Rental · Initial issue date Jan 15, 2014 · Terminal license date Apr 29, 2019
A license is an L&I registration, not proof that a business is open, operating today, or located at this storefront. Dates are license dates. Events are deduped by parcel, business identity, and license type, so a renewal is not shown as another opening. Other permit and filing types remain in the full source ledger.
Open every source row 21 dated rows
- PermitAddition and/or Alteration
Permit CP-2026-001334 · Completed
FOR LEVEL II ALTERATIONS TO INCLUDE INFILL AND THE REPLACEMENT OF EXTERIOR DOOR AND WINDOWS. SEPARATE PERMITS REQUIRED FOR ALL OTHER WORK. *2018 IEBC*
- CertificationSprinkler Certification
Certification BC-2026-002968 · Certified
Expires 2026-12-31
- CertificationFire Alarm Certification
Certification BC-2025-019641 · Certified
Expires 2025-12-30
- CertificationSprinkler Certification
Certification BC-2024-032795 · Certified
Expires 2025-11-25
- License issue eventAB Investment Partners, LLC: Rental landlord or residential registration initially issued
License 0962985 · Active
License event. Registration does not prove present operation or storefront occupancy.
- PermitAlterations
Permit PP-2024-010067 · Expired
main drain
- PermitAlterations
Permit PP-2024-009786 · Completed
replace curb trap; fai to house
- Recorded transfer$1.1M transfer
2024
- License terminal eventFAIRMOUNT LIVING LLC: Rental landlord or residential registration marked inactive
License 615221 · Inactive
License event. Registration does not prove present operation or storefront occupancy.
- License issue eventFAIRMOUNT LIVING LLC: Rental landlord or residential registration initially issued
License 615221 · Inactive
License event. Registration does not prove present operation or storefront occupancy.
- PermitElectrical
Permit 469288 · COMPLETED
REWIRE MULTI-FAMILY DWELLING AND INSTALLATION OF 5 GANG METER SOCKET AND 5 SUBPANEL WITH GROUND AND BONDING AND INSTALLATION OF NEW FIRE ALARM SYSTEM PER 2008 NEC & NFPA 72
- PermitSuppression
Permit 481870 · COMPLETED
INSTALLATION OF AUTOMATIC SPRINKLER SYSTEM IN ACCORDANCE WITH NFPA 13-R WITH TWO INCH (2") SERVICE LINE, BACKFLOW PREVENTION DEVICE AND FREE-STANDING FIRE DEPARTMENT CONNECTION THROUGHOUT A THREE (3) STORY STRUCTURE WITH BASEMENT PER PLANS APPROVED BY PHILADELPHIA HISTORICAL COMMISSION (FOUR (4) DWELLING UNITS).
- PermitMajor alteration
Permit 459023 · COMPLETED
CHANGE THE NUMBER OF APARTMENTS FROM 2 TO 4 - ADDITIONAL PERMITS ARE REQUIRED FOR ELECTRICAL, PLUMBING, HVAC AND SUPPRESSION. ENTIRE BUILDING IS FULLY SPRINKLERED.
- PermitMechanical
Permit 472943 · COMPLETED
INSTALL 4 HVAC UNITS WITH DUCTWORK, SELF CONTAINED(MULTI-FAMILY)
- PermitPlumbing
Permit 471334 · COMPLETED
REPLACE/INSTALL (4)TOILETS, (3)KITCHEN SINKS, (4)SHOWERS, (3)LAVATORIES, (1) LAUNDRY TUB
- PermitUse
Permit 455212 · COMPLETED
USE TO 4FD
- PermitZoning/use
Permit 435898 · COMPLETED
USE TO 2FD AND FENCE
- Recorded transfer$560K transfer
2012
- PermitPlumbing
Permit 108437 · COMPLETED
WATER CLOSET 2 LAVS REPLACE EXISTING FIXTURES
- PermitElectrical
Permit 87234 · COMPLETED
INSTALL A NEW 200 AMP , 42 CIRCUIT BREAKER PANEL W/MAIN DISCONNECT SW, NEW SVS GROUND ROD, 26 LT FXTS, 8 HW SMOKES, 28 DUPL RECEPTS, 3 DEDICATED 120 VOLT A/C CIRCUITS, 18 SWS. (CC DIST)
- PermitAlteration
Permit 66130 · COMPLETED
REMOVE PLASTER AND INSTALL SHEETROCK OVER EXISTING STUDS:REMOVE AND REPLACE CABINETS, COUNTERS, FLOORING
Where this comes from
- Assessment, spec sheet & owner: OPA Property Assessments, Office of Property Assessment
- Sales & deed history: Realty Transfer Tax records, Recorder of Deeds
- Permits, violations & inspections: L&I Property History · Atlas
- Tax delinquency snapshot · June 2022: Real Estate Tax Delinquencies, Dept. of Revenue
- Historical tax ledger & liens · through 2016: Real Estate Tax Balances, Dept. of Revenue
- Current property-tax balance: Verify with Philadelphia Revenue
- Zoning appeals: L&I & Zoning Board appeals
- Neighborhood income & rents: US Census ACS 5-year estimates
- Historical mortgage rates: Freddie Mac Primary Mortgage Market Survey, annual averages
- Imagery: Street photo © Google · Aerial © Esri, Maxar
Methodology & freshness
This report was assembled Jul 22, 2026, 6:08 PM 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)
