2347 E Somerset St, Philadelphia, PA 19134

Local realty services provided by:ERA Valley Realty
2347 E Somerset St,Philadelphia, PA 19134
$550,000
  • 2 Beds
  • - Baths
  • 1,500 sq. ft.
  • Multi-family
  • Active
Listed by: stacy l sanseverino
Office: kw empower
MLS#:PAPH2562872
Source:BRIGHTMLS

Price summary

  • Price:$550,000
  • Price per sq. ft.:$366.67

About this home

Surrounded by new construction, this 2-building property is 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 rented for $1,540/mo. This is an excellent pure investment play and an opportunity to own the adjacent properties. Owning the adjoining property simplifies commercial management, and the location offers easy access to I-95, local retailers, and major shopping centers. Can be purchased as a package with 2343 & 2345 E Somerset St. New sewer line to the street, new fire alarm system, and new security alarm system.

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Home facts

  • Year built:1925
  • Listing ID #:PAPH2562872
  • Added:53 day(s) ago
  • Updated:June 27, 2026 at 04:36 PM

Rooms and interior

  • Bedrooms:2
  • Flooring:Ceramic Tile, Luxury Vinyl Plank
  • Living area:1,500 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Forced Air, Natural Gas, Radiator

Structure and exterior

  • Year built:1925
  • Building area:1,500 sq. ft.
  • Lot area:0.05 Acres
  • Architectural Style:Traditional
  • Construction Materials:Masonry
  • Foundation Description:Stone

Schools

  • High school:KENSINGTON
  • Middle school:MEMPHIS STREET ACADEMY CHARTER SCHOOL AT J.P. JONES
  • Elementary school:RICHMOND

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$366.67
  • Tax amount:$4,901 (2025)

Parking

  • Parking description:On Street