Mixed-use property report

508 S 5th St

3 stories · 2,310 sqft · RM1 · built 1900

Property at a glanceApartment building

Individual owner on record

2026 assessment
$541K OPA value, not a listing price
2027 published assessment
$497K Future roll, not the current tax bill
Neighborhood area
Queen Village · East Passyunk Approximate · based on ZIP 19147
Street view of 508 S 5th St
From the street · imagery © Google
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 $496,600. It is not yet the billed-year tax basis.

$0$500K$1.0M$497K2005200920132017202120252027
Property assessmentAssessmentDeed / salePermitInspectionLicenseCertification

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 record13 events · exact dates, newest first
  1. LicenseAXELROD & VALLE: Rental landlord or residential registration marked inactive
  2. PermitAlterations
  3. PermitAddition and/or Alteration
  4. PermitNew construction, addition, GFA change
  5. Deed / saleDeed / sale $615K
  6. PermitChange of Use
  7. CertificationFire Alarm Certification
  8. LicenseAXELROD & VALLE: Rental landlord or residential registration initially issued
  9. PermitUse
  10. LicenseAXELROD MICHAEL & VALLE J: Rental landlord or residential registration marked inactive
  11. PermitUse
  12. LicenseAXELROD MICHAEL & VALLE J: Rental landlord or residential registration initially issued
  13. InspectionBC INSP (likely: building-code inspection)

Verify the public record

$7,579/year estimated property tax

2026 taxable assessment $541,400 × 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 $496,600. 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 871024550
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.”

Where the record looks off

Conflicts in City paperwork. Flags on the data, not the property.

"Built 1900" is usually a placeholder

Philadelphia records use 1900 as a stand-in when the real construction year was never documented. Treat the age as unknown, not as 120+ years.

Property report

Mixed-use property

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

What it is
Apartment building Str/Off+Apt 3 Sty Masonry
Owner
Individual owner on record Individual name redacted
$ / sq ft
$215 assessed value ÷ interior sqft
Corridor
South Street/Front-8th city commercial corridor
Interior area
2,310 sqft
Lot size
950 sqft
Stories
3
Built
1900
Zoning
RM1

Block context

500 block of S 5th St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 506 S 5th St  ·  510 S 5th 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 23, 2026.

Landlord and residential filings

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

AXELROD & VALLEInactive

Rental · Initial issue date Oct 5, 2016 · Terminal license date Dec 3, 2025

AXELROD MICHAEL & VALLE JInactive

Rental · Initial issue date Sep 7, 2007 · Terminal license date Aug 31, 2012

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 13 dated rows
  1. License terminal eventAXELROD & VALLE: Rental landlord or residential registration marked inactive

    License 715791 · Inactive

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

  2. PermitAlterations

    Permit PP-2025-007829 · Completed

    install 3/4" backflow

  3. PermitAddition and/or Alteration

    Permit CP-2025-001646 · Completed

    FOR THE ERECTION OF A NEW STOREFRONT AS PER APPROVED PLANS. SEPARATE PERMITS REQUIRED FOR ALL OTHER WORK.

  4. PermitNew construction, addition, GFA change

    Permit ZP-2025-003734 · Completed

    FOR THE ERECTION OF AN ADDITION TO ENCLOSE A FIRST FLOOR ENTRYWAY ON AN EXISTING ATTACHED STRUCTURE. SIZE/LOCATION AS SHOWN ON THE APPLICATION/PLANS. FOR NO CHANGE IN HEIGHT, OCCUPIED AREA OR YARD AREA (GFA CHANGE ONLY).

  5. Recorded transfer$615K transfer

    2025

  6. PermitChange of Use

    Permit ZP-2024-012248 · Issued

    Retail Sales - Consumer Goods; Maintenance and Repair of Consumer Goods

  7. CertificationFire Alarm Certification

    Certification BC-2024-022927 · Certified

    Expires 2025-02-14

  8. License issue eventAXELROD & VALLE: Rental landlord or residential registration initially issued

    License 715791 · Inactive

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

  9. PermitUse

    Permit 528303 · COMPLETED

    USE TO HAIR SALON AND CLOTHING RETAIL ON FIRST FLOOR WITH TWO FAMILY ABOVE IN AN EXISTING STRUCTURE.

  10. License terminal eventAXELROD MICHAEL & VALLE J: Rental landlord or residential registration marked inactive

    License 422866 · Inactive

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

  11. PermitUse

    Permit 118593 · COMPLETED

    CHANGE 1ST FL. TO RETAIL SALE OF BOOKS (NO ITEMS AS DEFINED IN SECTION 14-1605 OF PHILADELPHIA ZONING CODE) ON 1ST FLOOR. NO SIGN.

  12. License issue eventAXELROD MICHAEL & VALLE J: Rental landlord or residential registration initially issued

    License 422866 · Inactive

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

  13. InvestigationBC INSP (likely: building-code inspection)

    Case 55155 · PASSED

    Legacy inspection shorthand; confirm the inspection type and scope in the City case file. The cited inspection visit was marked passed.

Where this comes from

Methodology & freshness

This report was assembled Jul 23, 2026, 7:09 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)