2345 E Somerset St Philadelphia, PA 19134
Port Richmond NeighborhoodEstimated payment $5,128/month
Highlights
- Traditional Architecture
- Ceramic Tile Flooring
- 3-minute walk to Cohocksink Recreation Center & Cohox Playground
- Adams Elementary School Rated A
- Forced Air Heating and Cooling System
About This Home
This rare 3-unit, 2-building package includes a fully rented single-family home at 2345 E Somerset (4 beds/1.5 bath, leased at $1,850/month through 4/30/2026) and a prominent corner mixed-use duplex at 2347 E Somerset, anchored by a long-term wing shop tenant paying $3,500/month NNN with 6+ years remaining. The commercial tenant also uses the basement for office space, a half bath, and yard access for trash storage. The second-floor apartment is a freshly renovated 2-bedroom with a private deck, washer/dryer, dishwasher, central air, and all-new finishes; it is currently vacant with a projected rent of $1,300. This is an excellent pure investment play or an opportunity to live in either the apartment or the single-family home once available. Owning the adjoining property simplifies commercial management, and the location offers easy access to I-95, local retailers, and major shopping centers. Photos of the single-family home are coming soon.
Listing Agent
(215) 431-5431 stacysanseverino@gmail.com KW Empower License #RS281613 Listed on: 12/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,901
Year Built
- Built in 1925 | Remodeled in 2025
Lot Details
- 3,643 Sq Ft Lot
- Lot Dimensions are 41.00 x 73.00
Parking
- On-Street Parking
Home Design
- 3,192 Sq Ft Home
- Triplex
- Traditional Architecture
- Stone Foundation
- Masonry
Flooring
- Ceramic Tile
- Luxury Vinyl Plank Tile
Schools
- Richmond Elementary School
- Memphis Street Academy Charter School At J.P. Jones Middle School
- Kensington High School
Utilities
- Forced Air Heating and Cooling System
- Radiator
- Natural Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 871530860
Community Details
Overview
- 2 Units
- Port Richmond Subdivision
Building Details
- 1 Vacant Unit
- Gross Income $64,200
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $2,529 | $185,600 | $37,120 | $148,480 |
| 2025 | $2,529 | $185,600 | $37,120 | $148,480 |
| 2024 | $2,529 | $185,600 | $37,120 | $148,480 |
| 2023 | $1,541 | $180,700 | $36,140 | $144,560 |
| 2022 | $1,541 | $110,100 | $36,140 | $73,960 |
| 2021 | $1,541 | $0 | $0 | $0 |
| 2020 | $1,541 | $0 | $0 | $0 |
| 2019 | $1,541 | $0 | $0 | $0 |
| 2018 | $1,541 | $0 | $0 | $0 |
| 2017 | $1,541 | $0 | $0 | $0 |
| 2016 | $1,541 | $0 | $0 | $0 |
| 2015 | $1,475 | $0 | $0 | $0 |
| 2014 | -- | $160,800 | $12,109 | $148,691 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $900,000 | -- | $282 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $125,000 | -- | |
| Interfamily Deed Transfer | -- | First Partners Abstract Co | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $125,000 | New Conventional |
Source: Bright MLS
MLS Number: PAPH2562872
APN: 871530850
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