This well-maintained mixed-use property offers a unique opportunity for investors or business owners. Located on a corner lot, the property features a corner store/bodega on the ground floor, currently rented for $2,000/month. The upper unit features a 3-bedroom, 1-bath apartment with a kitchen, currently occupied by the owner of the corner store at a below-market rent of $500/month. The lease for the tenant in the store ends on June 30, 2025. The property is being sold "as-is" with no repairs to be made.
Sold for $295,000
$295,000
2981 Memphis St, Philadelphia, PA 19134
3beds
1baths
1,978sqft
Retail
Built in 1925
-- sqft lot
$323,900 Zestimate®
$149/sqft
$1,574 Estimated rent
Home value
$323,900
$272,000 - $379,000
$1,574/mo
Zestimate® history
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$1,784/mo
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Corner lot
Zillow last checked:
Listing updated:
Listed by:
Darwin Laureano 610-973-9441,
EXP Realty, LLC
Bought with:
Darwin Laureano, RS356195
EXP Realty, LLC
Source: Bright MLS,MLS#: PAPH2481236
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
Heating
- Baseboard, Forced Air, Electric, Natural Gas
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 1,978
- Total interior livable area: 1,978 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,551 sqft
- Dimensions: 24.00 x 65.00
Details
- Additional structures: Above Grade
- Parcel number: 871532080
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Retail
Materials
- Masonry
Condition
- Below Average
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Philadelphia
- Subdivision: Port Richmond
- Municipality: PHILADELPHIA
HOA & financial
Other financial information
- Total actual rent: 30000
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Income includes: Apartment Rentals
- Listing terms: Conventional,Cash,FHA 203(k),Other
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Sold | $295,000-6.3%$149/sqft |
Source:  Bright MLS #PAPH2481236 Report a problem | ||
| 11/5/2025 | Pending sale | $315,000$159/sqft |
Source: Bright MLS #PAPH2481236 Report a problem | ||
| 9/26/2025 | Price change | $315,000-4.5%$159/sqft |
Source: Bright MLS #PAPH2481236 Report a problem | ||
| 6/30/2025 | Listed for sale | $330,000$167/sqft |
Source: Bright MLS #PAPH2481236 Report a problem | ||
| 6/19/2025 | Listing removed | $330,000$167/sqft |
Source: Bright MLS #PAPH2481236 Report a problem | ||
| 5/23/2025 | Price change | $330,000-5.7%$167/sqft |
Source: Bright MLS #PAPH2481236 Report a problem | ||
| 5/10/2025 | Listed for sale | $350,000-9.1%$177/sqft |
Source: Bright MLS #PAPH2481236 Report a problem | ||
| 9/18/2024 | Listing removed | $385,000$195/sqft |
Source: Bright MLS #PAPH2382622 Report a problem | ||
| 8/2/2024 | Listed for sale | $385,000+670%$195/sqft |
Source: Bright MLS #PAPH2382622 Report a problem | ||
| 2/16/2006 | Sold | $50,000+25.3%$25/sqft |
Source: Public Record Report a problem | ||
| 4/5/2001 | Sold | $39,900+232.5%$20/sqft |
Source: Public Record Report a problem | ||
| 1/7/1997 | Sold | $12,000$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,955 +2.7% | $211,100 +2.7% |
| 2024 | $2,877 | $205,500 |
| 2023 | $2,877 +46.5% | $205,500 |
| 2022 | $1,964 | -- |
| 2021 | $1,964 +0.9% | -- |
| 2018 | $1,946 | -- |
| 2017 | $1,946 +3.2% | -- |
| 2016 | $1,886 -21.4% | -- |
| 2015 | $2,398 | -- |
| 2014 | $2,398 | $171,300 |
Find assessor info on the county website
Neighborhood: Richmond
Nearby schools
GreatSchools rating
- 6/10Richmond SchoolGrades: K-5Distance: 0.2 mi
- 4/10Conwell Russell Middle SchoolGrades: 5-8Distance: 0.6 mi
- 2/10Kensington High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$323,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$323,900
- Pennsylvania
- Philadelphia County
- Philadelphia
- 19134
- Richmond
- 2981 Memphis St
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