3847 Terrace St Philadelphia, PA 19128
Roxborough NeighborhoodEstimated payment $3,492/month
Total Views
401
--
Bed
--
Bath
2,918
Sq Ft
$194
Price per Sq Ft
Highlights
- Traditional Architecture
- Hot Water Heating System
- 2-minute walk to Neighbors Park
- Central Air
- Property is in excellent condition
About This Home
GREAT INVESTMENT OPPORTUNITY IN MANAYUNK! Located just blocks away from the vibrant retail and dining scene on Main Street and Ridge Avenue, this prime corner building offers a fantastic investment opportunity in one of Philadelphia’s most sought-after neighborhoods. With a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. The first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. The property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. This license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. The CMX1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, and stylish new bathrooms. Located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,039
Year Built
- Built in 1900
Lot Details
- 1,569 Sq Ft Lot
- Lot Dimensions are 19.00 x 83.00
- Property is in excellent condition
Parking
- On-Street Parking
Home Design
- 2,918 Sq Ft Home
- Triplex
- Traditional Architecture
- Flat Roof Shape
- Concrete Perimeter Foundation
- Masonry
Utilities
- Central Air
- Cooling System Utilizes Natural Gas
- Hot Water Heating System
- Natural Gas Water Heater
- Public Septic
Community Details
- 3 Units
- 3 Vacant Units
Listing and Financial Details
- Assessor Parcel Number 882935540
Map
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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 |
|---|---|---|---|---|
| 2025 | $3,369 | $360,000 | $72,000 | $288,000 |
| 2024 | $3,369 | $360,000 | $72,000 | $288,000 |
| 2023 | $3,369 | $240,700 | $48,146 | $192,554 |
| 2022 | $3,084 | $240,700 | $48,146 | $192,554 |
| 2021 | $3,084 | $0 | $0 | $0 |
| 2020 | $3,084 | $0 | $0 | $0 |
| 2019 | $3,061 | $0 | $0 | $0 |
| 2018 | $3,155 | $0 | $0 | $0 |
| 2017 | $4,759 | $0 | $0 | $0 |
| 2016 | $5,514 | $0 | $0 | $0 |
| 2015 | $5,195 | $0 | $0 | $0 |
| 2014 | -- | $393,900 | $39,200 | $354,700 |
| 2012 | -- | $20,160 | $2,839 | $17,321 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | For Sale | $564,900 | -2.6% | $194 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $579,900 | 0.0% | $199 / Sq Ft |
| 11/27/2013 11/27/13 | Rented | $700 | 0.0% | -- |
| 11/25/2013 11/25/13 | Under Contract | -- | -- | -- |
| 10/18/2013 10/18/13 | For Rent | $700 | -- | -- |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $371,500 | Commonground Abstract Llc | |
| Deed | $250,000 | Knights Abstract Svcs Llc | |
| Deed | $63,101 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $430,000 | Construction | |
| Previous Owner | $96,150 | Construction | |
| Previous Owner | $175,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2531184
APN: 882935540
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