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240 242 N 3rd Street

Philadelphia, PA 19106

– beds
– baths
7,448 sqft
1,883 sqft lot
$198 per sqft
1920 build

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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

Listing courtesy of BRIGHT / Coldwell Banker Commercial

Last checked: Checking… • Last updated Oct 17, 2024 •

MLS# PAPH2292586 —

The Building

Year Built:

1920
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Masonry
Structure Type:

End of Row/Townhouse
Architectural Style:

Colonial
Building Units Total:

4
Accessibility Features:

None
Foundation Details:

Brick/Mortar
Basement:

Yes
Basement Type:

Poured Concrete
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Estimated

Interior

Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

7448
Living Area SqFt:

7,448 Sqft

Financial & Terms

Sale Type:

Standard
Buyer Financing:

Conventional
Possession:

Coin w/Sell Sett

Location

Directions:

Corner of N. 3rd and New Streets
Cross Street:

New Street
Latitude:

39.95518000
Longitude:

-75.14477000

The Property

Property Type:

Multi-Family
Property Subtype:

Quadruplex
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.04
Lot Size Source:

Estimated
Lot Size Dimensions:

37.00 x 53.00
Lot Dimensions Source:

Estimated
Lot SqFt:

1,883 Sqft
Zoning:

CMX3
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

Y70
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

871003800
Tax Year:

2023
Tax Lot:

5031
Tax Annual Amount:

$20,266
Tax Assessed Value:

$1,447,800
Year Assessed:

2023
School Tax:

11120.0
City/Town Tax:

9145.00
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

Elementary School:

Gen. George A. Mccall School
Middle School:

Gen. George A. Mccall School
High School:

HORACE FURNESS
School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

Old City
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

Off Site

Extra Units

Other Units:

Unit 1
Vacation Rental:

No
One Bedroom Units:

2
Three Bedroom Units:

1

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From

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Sale history

Date	Event	Source	Price	% Change
9/10/24 Sep 10, 2024	Sold	BRIGHT	$1,475,000	-7.5%
5/23/24 May 23, 2024	Price Changed	BRIGHT	$1,595,000	-5.9%
1/29/24 Jan 29, 2024	Listed / Active	BRIGHT	$1,695,000

Multifamily Sold on 9/10/2024

$1,475,000

Listing provided by broker:

Jonathan D. Dubrow

Coldwell Banker Commercial

(610) 828-9558

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Listing Courtesy of: BRIGHT and Coldwell Banker Commercial.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

240 242 N 3rd Street

Philadelphia, PA 19106