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2347 E Somerset Street

Philadelphia, PA 19134

– beds
– baths
1,500 sqft
4,816 sqft lot
$899 per sqft
1925 build

Included in this enticing package are three properties to be sold together: a mixed-use townhome (2347) alongside two residential properties (2345-2343). With 2347 Somerset St. previously being a mixed-use pizza shop, all of the equipment is included, giving a fully equipped pizza shop. Boasting a prime location just off Aramingo Ave., these properties offer convenience and accessibility, with a remarkable walking score of 80. Tenants will relish the proximity to local favorites such as Tacconelli's and Stock's Bakery, as well as the vibrant shopping destination of Fishtown Crossing, which boasts nearly 30 shops, including GNC, Hair Cuttery, Starbucks, and IGA Supermarket, just a short stroll away. This turnkey pizza shop, combined with the potential for mixed-use development, presents a compelling proposition for those seeking to maximize their investment potential in Philadelphia's dynamic real estate landscape. Investors have the exciting opportunity to capitalize on the potential for converting the single units within the property package at 2347-45-43 E. Somerset Street into multi-family residences or commercial mixed-use (CMX) spaces. Leveraging the strategic location just northeast of the Conrail tracks in Port Richmond, Philadelphia, these properties offer a fertile ground for innovative development. Whether it's reimagining the existing mixed-use townhome (2347) or repurposing the adjacent residential properties (2345-2343) into multi-family apartments or flexible CMX spaces, the prospects for adaptive reuse are vast. Total square footage for building improvements is 4,696 soft including all three properties (2343: 1504 sqft; 2345: 1692 sqft; 2347: 1500 sqft). Total land square footage is 4816 sqft including all three properties (2343: 1173 sqft; 2345: 1320 sqft; 2347: 2323 sqft).

Listing courtesy of BRIGHT / RE/MAX Truist

Last checked: Checking… • Last updated May 7, 2024 •

MLS# PAPH2342586 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1925
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Structure Type:

End of Row/Townhouse
Architectural Style:

Other
Building Units Total:

2
Accessibility Features:

None
Foundation Details:

Other
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1500

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1500
Living Area SqFt:

1,500 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

31-60 Days CD, 0-30 Days CD, Immediate

Location

Directions:

Use GPS.
Latitude:

39.98377991
Longitude:

-75.11553192

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.11
Lot Size Source:

Estimated
Lot Size Dimensions:

57.00 x 73.00
Lot Dimensions Source:

Estimated
Lot SqFt:

4,816 Sqft
Inclusions:

Pizza shop equipment included.
Zoning:

CMX1
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

S30
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

871530860
Tax Year:

2022
Tax Annual Amount:

$2,242
Tax Assessed Value:

$160,200
Year Assessed:

2023
School Tax:

1230.0
City/Town Tax:

1011.00
Total Taxes Payment Frequency:

Annually

The Listing

Transaction Broker Compensation:

500
Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

90% Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Philadelphia City
School District Source:

Listing Agent

The Community

Subdivision Name:

Port Richmond
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
Single Room Units:

3
One Bedroom Units:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/6/24 May 6, 2024	Price Changed	BRIGHT	$1,349,000	-3.3%
4/12/24 Apr 12, 2024	Listed / Active	BRIGHT	$1,395,000

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This multifamily located in River Wards, Philadelphia, PA 19134 is currently for sale for $1,349,000. 2347 E Somerset Street is a 1,500 square foot multifamily with – beds and – baths. 2347 E Somerset Street is in the River Wards neighborhood of Philadelphia and has a WalkScore® of 80, making it very walkable. This multifamily is in the attendance area of Memphis Street Academy Charter School At J.P. Jones, Richmond School, Kensington Creative And Performing Arts High School, Kensington International Business High School, Kensington Urban Education Academy, and Kensington Health Sciences Academy.

Listing Courtesy of: BRIGHT and RE/MAX Truist.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.