Property report

505 S 42nd St

3 stories2,805 sqftRTA1built 1920

Property at a glanceApartment building

Drexel Property Associate

2026 assessment
$838K OPA value, not a listing price
2027 published assessment
$910K Future roll, not the current tax bill
Neighborhood area
University City · West Powelton Approximate · based on ZIP 19104
From above · selected parcel outlined; choose a neighboring polygon to open it — imagery © Esri, Maxar

Assessment and City record timeline

The line tracks this property’s published City assessment. Markers show deeds, permits, inspections, licenses, violations, certifications, and appeals on their recorded dates. Select one to read the filing.

Assessments are tax-roll values, not sale prices or appraisals. OPA has published a 2027 assessment of $910,300. It is not yet the billed-year tax basis.

$0$500K$1.0M$910K2004200820122016202020242027
Property assessmentAssessmentL&I violationPermitInspectionLicenseCertification

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.

Highlight
Every dated record30 events · exact dates, newest first
  1. InspectionL&I investigation
  2. InspectionL&I investigation
  3. L&I violationGARBAGE STORAGE
  4. InspectionL&I investigation
  5. CertificationFire Alarm Certification
  6. L&I violationPERIODIC TESTING
  7. L&I violationEXTERIOR STRUCTURE STAIRS, DECKS, PORCHES
  8. L&I violationFIRE EXTINGUISHERS
  9. InspectionL&I investigation
  10. PermitElectrical
  11. PermitElectrical
  12. PermitPlumbing
  13. PermitPlumbing
  14. PermitPlumbing
  15. PermitPlumbing
  16. PermitPlumbing
  17. PermitPlumbing
  18. PermitPlumbing
  19. InspectionBP_BLDG
  20. InspectionBP_BLDG
  21. PermitMajor alteration
  22. PermitElectrical
  23. PermitZoning/use
  24. InspectionBP_BLDG
  25. PermitAlteration
  26. L&I violationPENALTY- NO BLDG PERM INFO
  27. L&I violationPERMB- TO COMPLY VIOL
  28. L&I violationPERMP- ALTER/REPAIR/REPL PLUMB
  29. InspectionBP_BLDG
  30. LicenseDREXEL PROP ASSOC LLC: Rental landlord or residential registration initially issued

Verify the public record

$11,732/year estimated property tax

2026 taxable assessment $838,100 × 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 $910,300. It is not the 2026 billed-year value.

Current City balanceCheck Tax Center

Payments, credits, interest, and the current amount due are maintained by the City.

OPA 881610900
Open Philadelphia Tax Center →Use “View period balance” to inspect each tax year.
Exemption classificationNo exemption shown

2026 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.”

Property report

Commercial property

Apartment building, recorded in the City's multi-family category. The public record and owner trail follow.

What it is
Apartment building Apts 5-50 Units Masonry
Owner
Drexel Property Associate
$ / sq ft
$325 assessed value ÷ interior sqft
Licensed units
6 active rental license
Interior area
2,805 sqft
Lot size
2,678 sqft
Stories
3
Built
1920
Zoning
RTA1

Recorded owner

Who's behind it

Drexel Property Associate · corporate / LLC owner

• Owns 3 properties across Philadelphia under this name, assessed at $2.7M combined
• Tax bills mail to 2015 Locust St, Philadelphia PA, 19103
• Holds an active rental license for this address

Block context

500 block of S 42nd St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 503 S 42nd St  ·  507 S 42nd St

Business licenses at this address Latest pull

What L&I has registered at this OPA parcel, newest initial license date first.

Open the City record ↗

No L&I business license is on record at this address in data through Jul 27, 2026.

Landlord and residential filings

These are property registrations or landlord filings, not businesses operating at this address.

DREXEL PROP ASSOC LLCActive

Rental · Initial issue date Nov 2, 2004 · Filed expiration Feb 28, 2027

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 30 dated rows
  1. InvestigationL&I investigation

    Case CF-2025-013894 · PASSED

    The cited inspection visit was marked passed.

  2. InvestigationL&I investigation

    Case CF-2025-013894 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  3. ViolationGARBAGE STORAGE

    Case CF-2025-013894 · Violation VI-2025-010959 · Code PM15-308.3.1 · COMPLIED

    Resolution: COMPLIED - OWNER REPAIR City marked this violation complied with; check the resolution date and live case for what was accepted.

  4. InvestigationL&I investigation

    Case CF-2023-033094 · PASSED

    The cited inspection visit was marked passed.

  5. CertificationFire Alarm Certification

    Certification BC-2023-021205 · Certified

    Expires 2024-09-13

  6. ViolationPERIODIC TESTING

    Case CF-2023-033094 · Violation VI-2023-025204 · Code F-901.6.4 · COMPLIED

    Resolution: COMPLIED - OWNER REPAIR City marked this violation complied with; check the resolution date and live case for what was accepted.

  7. ViolationEXTERIOR STRUCTURE STAIRS, DECKS, PORCHES

    Case CF-2023-033094 · Violation VI-2023-025209 · Code PM15-304.10 · COMPLIED

    Resolution: COMPLIED - OWNER REPAIR City marked this violation complied with; check the resolution date and live case for what was accepted.

  8. ViolationFIRE EXTINGUISHERS

    Case CF-2023-033094 · Violation VI-2023-025211 · Code F-906.2 · COMPLIED

    Resolution: COMPLIED - OWNER REPAIR City marked this violation complied with; check the resolution date and live case for what was accepted.

  9. InvestigationL&I investigation

    Case CF-2023-033094 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  10. PermitElectrical

    Permit 144725 · COMPLETED

    1 FIRE CONTROL PANEL, 6 SMOKES, 2 MANUAL PULLS, 8 SOUNDING HORNS, (6) 110 AC SMOKES (WEST DIST)

  11. PermitElectrical

    Permit 141930 · COMPLETED

    REPLACE EXISTING SWITCHES, RECEPTACLES & LIGHT FIXTURES. IN ACCORDANCE WITH 2005 NEC.

  12. PermitPlumbing

    Permit 127611 · COMPLETED

    FIXTURE REPLACEMENT

  13. PermitPlumbing

    Permit 127612 · COMPLETED

    FIXTURE REPLACEMENT

  14. PermitPlumbing

    Permit 127613 · COMPLETED

    FIXTURE REPLACEMENT

  15. PermitPlumbing

    Permit 127614 · COMPLETED

    FIXTURE REPLACEMENT

  16. PermitPlumbing

    Permit 127615 · COMPLETED

    FIXTURE REPLACEMENT

  17. PermitPlumbing

    Permit 127899 · COMPLETED

    REPLACE FIXTURES

  18. PermitPlumbing

    Permit 127903 · COMPLETED

    FIXTURE REPLACEMENT

  19. InvestigationBP_BLDG

    Case 131603 · PASSED

    The cited inspection visit was marked passed.

  20. InvestigationBP_BLDG

    Case 131603 · PASSED

    The cited inspection visit was marked passed.

  21. PermitMajor alteration

    Permit 120596 · COMPLETED

    INSTALLATION OF NEW FLOORING,BATHROOM FIXTURES,CABINETS, AND INTERIOR PARTITIONS IN EVERY APT.INSTALL NEW COMMUNICATING STAIR IN 3RD FLOOR REAR TO CONNECT ATTIC( STORAGE ONLY).NEW WOOD SUN DECKS @2ND AND 3RD FLOOR REAR. ZONING PERMIT #118290. REPLACE PYWOOD AND SIDING FOR REAR BAY.ALL WORK AS PER PLANS.

  22. PermitElectrical

    Permit 122030 · COMPLETED

    RIP OUT EXISTING SERVICE INSTALL NEW 200 AMP SERVICE INCLUDING ONE 200 AMP SWITCH AND 7 METERS ONLYS (WEST DIST)

  23. PermitZoning/use

    Permit 118290 · COMPLETED

    SIX (6) FAMILY UNITS - APPLICATION FOR NEW WOODEN DECKS AT 2ND & 3RD FLOOR BUILT ONTO AN EXISTING PROCH AREA IN THE REAR YARD 3RD FLOOR ATIC TO BE ENCLOSED AND USE FOR STORAGE ONLY.

  24. InvestigationBP_BLDG

    Case 131603 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  25. PermitAlteration

    Permit 110160 · COMPLETED

    REMOVE AND REPLACE SHINGLES AND OTHER RELATED ROOF WORK

  26. ViolationPENALTY- NO BLDG PERM INFO

    Case 131603 · Violation 758215 · Code A-901.13/1 · COMPLIED

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

  27. ViolationPERMB- TO COMPLY VIOL

    Case 131603 · Violation 758217 · Code A-301.6/1 · COMPLIED

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

  28. ViolationPERMP- ALTER/REPAIR/REPL PLUMB

    Case 131603 · Violation 758218 · Code A-301.1/55 · COMPLIED

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

  29. InvestigationBP_BLDG

    Case 131603 · FAILED

    The cited inspection visit was marked failed; later rows may show follow-up or resolution.

  30. License issue eventDREXEL PROP ASSOC LLC: Rental landlord or residential registration initially issued

    License 223432 · Active

    License event. Registration does not prove present operation or storefront occupancy.

Where this comes from

Methodology & freshness

This report was assembled Jul 28, 2026, 7:38 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)