Multi-family report

602 W Thompson St

6 bd3 stories2,214 sqftRM1built 2016

Property at a glanceApartment building

Entity-held

2026 assessment
$839K OPA value, not a listing price
From above · selected parcel outlined; choose a neighboring polygon to open it — imagery © Esri, Maxar

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.

$0$500K$1.0MZIP 19122 (Olde Kensington · North Philadelphia) median$839K201320162019202220252027
Property assessmentBlock median & rangeZIP 19122 (Olde Kensington · North Philadelphia) medianAssessmentLand buyAppealPermitLicenseCertification

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 record11 events · exact dates, newest first
  1. CertificationSprinkler Certification
  2. LicenseThompson St Holdings LLC: Rental landlord or residential registration initially issued
  3. PermitPlumbing
  4. PermitElectrical
  5. PermitMechanical
  6. PermitSuppression
  7. PermitNew construction
  8. PermitZoning admin review
  9. PermitZoning/use
  10. AppealZoning board appeal
  11. Land buyLand record $250K

Flags: material assessment exemption; legal basis and term unverified · active rental license · 1 zoning/board appeal on record. Informational only. Not investment advice or a consumer report (FCRA).

Verify the public record

$2,349/year estimated property tax

2026 taxable assessment $167,800 × 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 $839,400. 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 141448400
Open Philadelphia Tax Center →Use “View period balance” to inspect each tax year.
Exemption classificationPartial assessment exemption, basis unverified

2026 OPA taxes $167,800 of $839,400 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

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.”

The assessment exemption gap

OPA's 2026 roll shows a partial assessment exemption. The annual difference is measurable; the reason for it and what happens after a sale are not established here.

Using OPA's taxable amount ~$2,349/year

$167,800 taxable basis

Difference to verify+$9,401/year
If the full assessment were taxable ~$11,750/year

$839,400 scenario basis

The assessment roll does not identify
  • Legal basis or program
  • Approval or expiration date
  • Treatment after a sale
  • Current Tax Center balance
Show the assessment math 2026: ($839,400 assessed − $671,600 exempt) × 1.3998% ≈ $2,349/year Full-assessment scenario: $839,400 × 1.3998% ≈ $11,750/year

Do not treat the full-assessment scenario as inevitable or assume the current relief transfers. Obtain the approval history and verify the live Tax Center account before relying on either number.

The property, on paper

OPA physical field record.

Bedrooms
6
Stories
3
Interior
2,214 sqft livable area
Lot
1,117 sqft
Basement
Full, finished city code A
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
A assessor's grade
Zoning
RM1 city zoning code
Zoning appeals
1 CLOSED · Granted with conditions · 2014

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Recorded owner

Who's behind it

Thompson St Holdings LLC · corporate / LLC owner

• Owns 5 properties across Philadelphia under this name, assessed at $4.3M combined
• Tax bills mail to 51 Buck Rd, Huntingdon Valley PA, 19006 — outside Philadelphia
• Holds an active rental license for this address

Block context

600 block of W Thompson St. Compare parcels, ownership, and public-record history.

See the whole block →

Next door: 604 W Thompson St  ·  605 W Thompson 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.

Thompson St Holdings LLCActive

Rental · Initial issue date Jun 14, 2017 · Filed expiration Jun 13, 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 11 dated rows
  1. CertificationSprinkler Certification

    Certification BC-2024-023667 · Certified

    Expires 2025-08-14

  2. License issue eventThompson St Holdings LLC: Rental landlord or residential registration initially issued

    License 742193 · Active

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

  3. PermitPlumbing

    Permit 728815 · COMPLETED

    2 KITCHEN SINKS, 2 DISHWASHER, 2 GARBAGE DISPOSALS, 6 TOILETS, 6 VANITY'S, 6 BATHTUB, 2 WASHER, CURB TRAP,LATERAL,1" WATER SERVICE PA20162667451 (TWO FAMILY)SELF CERTIFICATION'S ARE NO LONGER PERMITTED","ALL EXCAVATIONS AND PLUMBING TRENCHES IN EXCESS OF 5 FT IN DEPTH MUST HAVE APPROVED SHORING IN PLACE AT THE TIME OF INSPECTION"

  4. PermitElectrical

    Permit 730035 · COMPLETED

    NEW CONSTRUCTION: INSTALLATION OF 3- GANG SERVICE, 120 OUTLETS, 40- SWITCHES, 70 LIGHT FIXTURES, 120V INTER-CONNECTED SMOKE DETECTORS... ALL WORK IN ACCORDANCE WITH 2008 NEC FOR A TWO FAMILY BUILDING

  5. PermitMechanical

    Permit 728439 · COMPLETED

    INSTALL (2) HVAC SYSTEMS WITH DUCTWORK. (2-FAMILY)

  6. PermitSuppression

    Permit 725693 · COMPLETED

    FOR THE INSTALLATION OF A TWO (2) INCH FIRE SERVICE LINE W. BACKFLOW PREVENTOR (BFP) ASSEMBLY AND FOR INSTALLATION OF A FIRE SUPPRESSION SYSTEM AS PER NFPA 13R. ALL WORK SHALL BE IN ACCORDANCE WITH APPROVED PLANS.

  7. PermitNew construction

    Permit 651766 · COMPLETED

    NEW CONSTRUCTION OF A FOUR (4) STORY TWO (2) FAMILY DWELLING WITH A ROOF DECK AND PILOT HOUSE (ACCESS TO ROOF DECK ONLY) AS PER APPROVED PLANS. BUILDING TO BE FULLY SPRINKLERED WITH NFPA 13R MINIMUM. **SEPARATE PERMITS REQUIRED FOR MEP & FIRE SUPPRESSION WORK**

  8. PermitZoning admin review

    Permit 602140 · COMPLETED

    FOR AN ADMINISTRATIVE PERMIT FOR MODIFICATION OF PREVIOUSLY APPROVED ATTACHED BUILDING PER ZONING/USE REGISTRATION PERMIT# 553598, ZBA CAL# 22377 TO INCREASE BUILDING HEIGHT FROM 33'-6"(+/-) TO 38'-0" & NUMBER OF STORIES FROM THREE (3) TO FOUR (4).

  9. PermitZoning/use

    Permit 512901 · COMPLETED

    FOR THE ERECTION ON AN ATTACHED STRUCTURE WITH CELLAR AND ROOF DECK. SIZE AND LOCATION AS SHOWN ON APPLICATION/PLANS. FOR USE AS A TWO FAMILY HOUSE HOLDLIVING.

  10. AppealZoning board appeal

    Appeal 22375 · CLOSED · Granted with conditions

    Related permit 512901 · PERMIT IS FOR THE ERECTION ON AN ATTACHED STRUCTURE WITH CELLAR AND ROOF DECK; FOR USE AS A TWO FAMILY HOUSE HOLDLIVING. SIZE AND LOCATION AS SHOWN ON APPLICATION/PLANS.

  11. Land recordLand record

    2013

Where this comes from

Methodology & freshness

This report was assembled Jul 24, 2026, 12:23 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)