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2345 E Somerset StreetPhiladelphia, PA 19134

For Sale

$900,000

Smart Buyer Rebate $9,000

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.

Listed by Stacy L Sanseverino

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License #RS281613

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KW Empower

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2154315431

Last updated December 09, 2025

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Source: BrightMLS #PAPH2562872

Listing Facts

  • TypeMulti-family
  • NeighborhoodRichmond
  • Days on Prevu9
  • Taxes$4,901/year
  • Size3,192 sqft
  • Price per sqft$282

Location

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Listing History

12/02/2025
Listed by KW Empower
$900,000

Property Details for 2345 E Somerset Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 3
  • Year Built: 1925
  • Architectural Style: Traditional
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Estimated
  • Lot Size Acres: 0.08
  • Lot Size Dimensions: 41
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 3,643
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $64,200.00

Taxes

  • Tax Annual Amount: $4,901.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: No
  • Flooring: Ceramic Tile, Luxury Vinyl Plank

Measurements

  • Living Area: 3,192
  • Living Area Source: Estimated

Other

Location

  • Subdivision Name: PORT RICHMOND

Parking

Parking

  • Garage: No

Schools

Elementary School

  • Elementary School: RICHMOND

High School

  • High School: KENSINGTON

Middle or Junior School

  • Middle Or Junior School: MEMPHIS STREET ACADEMY CHARTER SCHOOL AT J.P. JONES

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Forced Air, Radiator
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 2345 E Somerset Street.

What schools are nearby to 2345 E Somerset Street?

Nearby schools include the RICHMOND Elementary School, MEMPHIS STREET ACADEMY CHARTER SCHOOL AT J.P. JONES Middle School, and KENSINGTON High School.

What are the annual taxes for 2345 E Somerset Street?

Annual taxes for this multi-family home are estimated at $4,901.

How does 2345 E Somerset Street compare to other multi-family homes in Richmond?

This multi-family home is listed 36% above the average price for multi-family homes in Richmond and has been on the market for 88 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 3,192 sqft.

2345 E Somerset Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19134. Listed on Prevu for 9 days at $900,000. This home features 3,192 square feet of living space, located in Richmond. The median listing price for multi-family homes in this area is $259,950. Nearby schools include RICHMOND Elementary School, MEMPHIS STREET ACADEMY CHARTER SCHOOL AT J.P. JONES Middle School, and KENSINGTON High School. View other multi-family home listings in Philadelphia.

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.