One-of-a-Kind Opportunity with Garage + Development Potential in Philadelphia
Rare, separately deeded 3-car garage with its own parcel (2649 E Somerset St)—offering parking, storage, and potential for future residential conversion (variance required).
Located in the Port Richmond / Fishtown corridor, this property offers easy access to Center City, I-95, and neighborhood staples including local dining, shopping, and parks. A rapidly evolving section of the city with strong upside for both homeowners and investors.
2647 E Somerset Street is truly a unique offering. The main residence features 2 bedrooms and 2 full bathrooms, along with a spacious living and dining room combination and a nicely sized eat-in kitchen. A full basement provides additional storage and functionality.
What sets this property apart is the flexibility beyond the main home. Included is a separately deeded garage parcel at 2649 E Somerset Street, capable of housing up to 3 cars, plus a 2-car parking pad in front—an extremely rare find in the city. The garage is zoned CMX-1 and presents a potential development opportunity, as a variance may allow for conversion into a residential dwelling. The garage parcel carries its own tax record (approx. $375 annually).
Additionally, a detached 17x12 structure with wood-planked ceilings and air conditioning offers bonus space—ideal for a home office, studio, or game room as currently enjoyed.
Whether you’re looking for a primary residence with unmatched parking, a live-plus-invest scenario, or your next development opportunity, this property delivers exceptional versatility. Schedule your showing today and explore the possibilities.
How many bedrooms and bathrooms does this single-family home have?
There are 2 bedrooms and 2 bathrooms in this single-family home at 2647-49 E Somerset Street.
Does this single-family home have parking?
Yes, there are 3 parking spaces available for 2647-49 E Somerset Street.
What are the annual taxes for 2647-49 E Somerset Street?
Annual taxes for this single-family home are estimated at $4,231.
How does 2647-49 E Somerset Street compare to other single-family homes in Richmond?
This single-family home is listed 66% above the average price for single-family homes in Richmond and has been on the market for 58 less days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 1,215 sqft.
2647-49 E Somerset Street is a 2-bedroom, 2-bath single-family home for sale in PHILADELPHIA PA 19134. Listed on Prevu for 39 days at $449,000. This includes a recent price decrease of $26,000. This residence features 1,215 square feet of living space, located in Richmond. The median listing price for single-family homes in this area is $259,950. Additional amenities include dishwasher. Browse more single-family home listings in Philadelphia.
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