2981 Memphis Street
Philadelphia, PA 19134
- – beds
- – baths
- 1,978 sqft
- 1,551 sqft lot
- $176 per sqft
- 1925 build
This well-maintained mixed-use property offers a unique opportunity for investors or business owners. Located on a corner lot, the property features a corner store/bodega on the ground floor, currently rented for $2,000/month. The upper unit features a 3-bedroom, 1-bath apartment with a kitchen, currently occupied by the owner of the corner store at a below-market rent of $500/month. The lease for the tenant in the store ends on June 30, 2025. The property is being sold "as-is" with no repairs to be made.
Last checked:
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Last updated May 10, 2025
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MLS# PAPH2481236 —
The Building
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Year Built:1925
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:2
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Structure Type:Over Storefront
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Architectural Style:Traditional
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Accessibility Features:None
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Total SqFt Source:Estimated
Interior
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:1978
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Living Area SqFt:1,978 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, Cash, FHA 203(k), Other
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Possession:0-30 Days CD, Immediate
Location
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Directions:GPD 2981 Memphis st. It's the corner store on the left hand side.
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Latitude:39.98611450
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Longitude:-75.11190033
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Below Average
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Lot Size Units:Square Feet
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Lot Size Acres:0.04
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Lot Size Source:Estimated
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Lot Size Dimensions:24.00 x 65.00
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Lot Dimensions Source:Estimated
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Lot SqFt:1,551 Sqft
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Exclusions:Store Appliances
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Zoning:RSA5
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:Y30
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 973-9441
- Office phone:
- (888) 397-7352
Taxes
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Tax ID Number:871532080
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Tax Year:2024
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Tax Lot:16
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Tax Annual Amount:$2,954
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Tax Assessed Value:$211,100
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Year Assessed:2025
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School Tax:1654.0
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City/Town Tax:1300.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Electric, 90% Forced Air
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Heating Fuel:Electric, Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:None
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Subdivision Name:Port Richmond
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
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Three Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/10/25
May 10, 2025
|
Listed / Active | BRIGHT | $350,000 |