$1,475,000
SOLD SEP 10, 2024
-- Bed
-- Bath
7,448 Sq Ft
1,883 Sq Ft Lot

Recently Sold

$198 Per Sq Ft

13% Below List Price

296 Days on Market

Highlights

  • Colonial Architecture
  • Electric Baseboard Heater
  • 2-minute walk to Welcome Park
  • Central Air
  • Property is in excellent condition

About This Home

As of September 2024

240-242 N. 3rd Street is a CMX-3 mixed-used building located in the heart of historic Old City on the corner of North 3rd and New Street. This building offers a fully leased commercial space, 2 newly updated and leased 1 BR apartments and a bi-level 3 or 4 bedroom apartment with a roof deck. Each space offers tons of natural light, immaculate original hardwood floors, exposed timber ceilings, and beams. This building is well situated for long and short-term rentals or a spectacular investment for an owner occupant. The 3rd floor bi-level unit is massive and includes tons of original character.

This building has been carefully maintained and cared for by the same owner for many years.

Inquire for income and expenses

Last Agent to Sell the Property

Jonathan Dubrow

Coldwell Banker Commercial Listed on: 10/30/2023

Coldwell Banker Commercial

Last Buyer's Agent

Jen Toadvine

Space & Company License #RS352633

Space & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,266

Year Built

  • Built in 1920

Lot Details

  • 1,883 Sq Ft Lot
  • Lot Dimensions are 37.00 x 53.00
  • Property is in excellent condition

Parking

  • Off-Site Parking

Home Design

  • 7,448 Sq Ft Home
  • Quadruplex
  • Colonial Architecture
  • Brick Foundation
  • Poured Concrete
  • Masonry

Schools

  • Gen. George A. Mccall Elementary And Middle School
  • Horace Furness High School

Utilities

  • Central Air
  • Electric Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Basement

Community Details

  • 4 Units
  • Old City Subdivision

Listing and Financial Details

  • Tax Lot 5031
  • Assessor Parcel Number 871003800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,266

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: 240-242 N. 3rd Street is a CMX-3 mixed-used building located in the heart of historic Old City on the corner of North 3rd and New Street. This building offers a fully leased commercial space, 2 newly updated and leased 1 BR apartments and a bi-level 3 or 4 bedroom apartment with a roof deck. Each space offers tons of natural light, immaculate original hardwood floors, exposed timber ceilings, and beams. This building is well situated for long and short-term rentals or a spectacular investment for an owner occupant. The 3rd floor bi-level unit is massive and includes tons of original character. This building has been carefully maintained and cared for by the same owner for many years. Inquire for income and expenses
  • Special Features: None

Interior Features

  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Poured Concrete
  • Total Sq Ft: 7448
  • Living Area Sq Ft: 7448
  • Price Per Sq Ft: 214.15
  • Above Grade Finished Sq Ft: 7448
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 240-242

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Site

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Elementary School: GEN. GEORGE A. MCCALL SCHOOL
  • Middle School: GEN. GEORGE A. MCCALL SCHOOL
  • High School: HORACE FURNESS
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397108
  • School District Source: Listing Agent
  • Elementary School: GEN. GEORGE A. MCCALL SCHOOL
  • High School: HORACE FURNESS
  • Middle Or Junior School: GEN. GEORGE A. MCCALL SCHOOL

Lot Info

  • Land Use Code: Y70
  • Lot Size Acres: 0.04
  • Lot Dimensions: 37.00 x 53.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1883.00
  • Property Condition: Excellent
  • Year Assessed: 2023
  • Zoning: CMX3

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 11120.00
  • Tax Annual Amount: 20266.00
  • Assessor Parcel Number: 871003800
  • Tax Lot: 5031
  • Tax Year: 2023
  • Close Date: 09/10/2024

Multi Family

  • Other Units: Unit 1

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 Sold $1,475,000 -7.5% $198 / Sq Ft
05/23/2024 05/23/24 Price Changed $1,595,000 -5.9% $214 / Sq Ft
10/30/2023 10/30/23 For Sale $1,695,000 -- $228 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2292586

Bright MLS