CHARIS REALTY GROUP

Colonial

240-242 N 3RD STREET

PHILADELPHIA , PA 19106

MLS#: PAPH2292586

$1,595,000

Status: Closed
Listing number: PAPH2292586
Listing provided by: Coldwell Banker Commercial
Listing agent phone: None
Last update: a month ago
On site: 2 years ago
Browse Properties
OLD CITY - Residential Income

Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1920

Sq.Footage

7,448

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

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Above Grade Finished Area

    7448.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Off Site

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Colonial

Price

  • Sales Price

    $1,595,000

  • Tax Amount

    20266.0

  • Sq. Footage

    7, 448

  • Price/SqFt

    $214

HOA

  • Association

    No

School District

  • Elementary School

    GEN. GEORGE A. MCCALL SCHOOL

  • Middle School

    GEN. GEORGE A. MCCALL SCHOOL

  • High School

    HORACE FURNESS

Property Features

  • Foundation Details

    Brick/Mortar

  • Sewer

    Public Sewer

  • Tax Lot

    5031

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

PHILADELPHIA

Elementary School

GEN. GEORGE A. MCCALL SCHOOL

Middle School

GEN. GEORGE A. MCCALL SCHOOL

High School

HORACE FURNESS

Listing Courtesy of Jonathan D. Dubrow , Coldwell Banker Commercial

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Nicole Aliev

AGENT

Nicole Aliev

Call Nicole today to schedule a private showing.

(301) 305-5169

nicole@charisrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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

240-242 N 3RD STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

True money generator for sale! huge commercial and residential building for sale, located on the main st, very high traffic volumes. The 2 commercial spaces are very visible and attractive to passing traffic. Also, the business is booming and steady. Walking distance to the prosperous 5 point intersection of Cottman Ave and Oxford Ave. Cross street from the School, The Asian Museum is right at the corner. Easy parking in the front, plus huge free, private parking in the rear. This building combines 2 commercial spaces and 5 residential units( 3, 1 bedroom and 2, 2 bedrooms) , a total of 8542 sqft. Fully leased with long-term tenants. All separated gas meters, electric meters, separate hot water heater, gas boiler, some of the units feature central A/C. 5 residential units have individually separated entrances. Tenants pay their own utilities bills. are and high income-producing investment. The annual rental income is $114,300, with very few expenses. The cap rate can be 6% or higher. Low property tax, long-term tenants, The daycare, and nail salon have very stable and continuing profitable business. Easy to manage. Must show preapproval before showing .
#PAPH2094662

PHILADELPHIA

1016 COTTMAN AVENUE

7 Beds

None Baths

N/A

$1,680,000

MLS#: PAPH2094662

"PROPERTY IS SOLD AS A PACKAGE. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST" Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand. The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover. As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and 1231 S. Philip Street presents a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia’s development boom.
#PAPH2575476

PHILADELPHIA

1231 S PHILIP STREET

2 Beds

None Baths

1,440 Sq.Ft.

$1,300,000

MLS#: PAPH2575476

Prime Brewerytown Investment Opportunity – Fully Occupied 7-Unit Condo-Ready Building. Welcome to 1234 N. 30th Street, Units 1–7, a fully occupied 7-unit multifamily asset located in the heart of Brewerytown, one of Philadelphia’s most rapidly appreciating neighborhoods. The property consists of six (6) 2-bedroom / 2-bath units and one (1) 3-bedroom / 2-bath unit, all currently leased and producing $11,360 in gross monthly rent. Each unit offers modern layouts with strong tenant demand, making this an ideal turnkey investment. What truly sets this property apart is its condominium setup. While the building is currently operated as a traditional multifamily rental, it is legally configured as a condo building, offering investors multiple exit strategies: - Continue operating as a stabilized income-producing rental - Sell individual condo units separately over time - Implement a hybrid strategy combining rentals and condo sales All units are occupied with leases in place, providing immediate cash flow from day one. Several units feature desirable amenities such as backyard access, adding to tenant appeal. Located just minutes from Center City, major universities, public transportation, and Brewerytown’s expanding retail and dining scene, this property benefits from strong rental demand and long-term neighborhood growth. This is a rare opportunity to acquire a stabilized asset with built-in flexibility and upside in one of Philadelphia’s hottest submarkets.
#PAPH2573514

PHILADELPHIA

1234 N 30TH STREET

15 Beds

None Baths

5,631 Sq.Ft.

$1,900,000

MLS#: PAPH2573514

Very close to the UPenn campus and public transportations. 1) There are legally zoned 6 units total, one 3 bedroom unit on the first floor plus five 2 bedroom units on the 2nd and 4rd floors. 2) The property underwent complete renovation during 2022-2023 seasons. 3) Very safe to walk around as the university security guards also covers this area. 4) In addition to these 6 legal units, the landlord finished part of the attic area and made it a bonus two bedroom unit. the income from this unit will cover almost all expenses for the building.
#PAPH2532926

PHILADELPHIA

230 S 45TH STREET

12 Beds

None Baths

5,138 Sq.Ft.

$1,690,000

MLS#: PAPH2532926

"PROPERTY IS SOLD AS A PACKAGE. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST" Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand. The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover. As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and 1231 S. Philip Street presents a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia’s development boom.
#PAPH2575468

PHILADELPHIA

1230 S 2ND STREET

4 Beds

None Baths

1,728 Sq.Ft.

$1,300,000

MLS#: PAPH2575468

This 23rd Street five-plex commands instant attention with its striking architecture and curb appeal. Designed by Gnome, one of Philly's leading architectural firms, this 5-unit multifamily building provides a 6.65% CAP in one of Philly's most dynamic locations, swelling with residential demand. The ±7600+ SF apartment property features two (2) 1bd x 1ba units, two (2) 3bd x 3ba units and one (1) 2bd x 2ba bi-level penthouse unit with private deck. Each oversized apartment is flooded with natural light and bright and contemporary fit + finish kit. The spacious units provide plenty of room for occupants, powered by high-efficiency building systems. Above-average rent growth coupled with minimal OPEX and a FULL 10yr tax abatement make 1735 S 23rd ST a coveted real estate investment in a Top-10 USA MSA.
#PAPH2546916

PHILADELPHIA

1735 S 23RD STREET

10 Beds

None Baths

7,602 Sq.Ft.

$1,400,000

MLS#: PAPH2546916

"PROPERTY IS SOLD AS A PACKAGE. LIST PRICE REFLECTS SALE OF 1228 S 2ND 1230 S 2ND AND PHILIP ST" Global Real Estate Advisors (GREA) is pleased to present the opportunity to acquire the fee simple interest in 1228-30 South 2nd Street and 1231 S. Philip Street, a boutique 7-unit multifamily property located in the heart of Pennsport, an attractive and rapidly gentrifying residential neighborhood in South Philadelphia. The Property offers investors an attractive entry point into a strong neighborhood known for low vacancy, strong demographics, and sustained rental demand. The Property features a well-balanced mix of (5) two-bedroom/one-bath rental units and (2) one-bedroom/one-bath rental units, with an average monthly in-place rent of $1,551. The layouts cater to a diverse renter base, including young professionals, couples, and small families. In-place rents range from $1,400 to $1,700 for the one-bedroom units and $1,440 to $1,700 for the two-bedroom units, providing measurable room for repositioning or incremental increases through turnover. As a turnkey multifamily asset in a quality location, 1228-30 South 2nd Street and 1231 S. Philip Street presents a compelling opportunity for investors seeking rental upside, high tenant demand, and future appreciation driven by a neighborhood that has benefited from Philadelphia’s development boom.
#PAPH2575064

PHILADELPHIA

1228 S 2ND STREET

6 Beds

None Baths

2,457 Sq.Ft.

$1,300,000

MLS#: PAPH2575064

327 N 40th Street is a fully stabilized six-unit multifamily property located in the heart of West Powelton Village, adjacent to University City, Philadelphia. Constructed in 2018, the building features large, high-yielding units with premium finishes, private outdoor spaces, and in-unit laundry. The unit mix includes a majority of larger-than-average four-bedroom units, along with two- and three-bedroom units. Positioned just blocks from UPenn, Drexel University, Penn Presbyterian Medical Center, and the Market-Frankford Line, 327 N 40th offers an investor secure long-term returns in one of the city’s strongest rental corridors. The property is currently fully leased and generates $14,835 /month in gross income. Offered at a 8.03% cap rate, the building has over 3 years on the remaining tax abatement and $249/SF. This is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.
#PAPH2537876

PHILADELPHIA

327 N 40TH STREET

18 Beds

None Baths

2,950 Sq.Ft.

$1,795,000

MLS#: PAPH2537876

INVESTOR ALERT!! Package deal available to include 10 Northeast row , twins or end of row rental properties. All are currently rented with seasoned tenants. All are single family homes. All have reasonable rent amounts. All are well maintained. Buyer must show buying capability before information is divulged. Will be sold as a complete package. Sellers will not break the portfolio apart at this time. Do not disturb any tenant without having proved ability to purchase. Exterior showings only!!
#PAPH2515580

PHILADELPHIA

2340 MARGARET STREET

28 Beds

None Baths

1,246 Sq.Ft.

$1,400,000

MLS#: PAPH2515580

This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.
#PAPH2398888

PHILADELPHIA

329 N 40TH STREET

None Beds

None Baths

8,000 Sq.Ft.

$1,750,000

MLS#: PAPH2398888

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service