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$475,000
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Property Description
Located between the trendy Northern Liberties and Fishtown neighborhoods, This 3-story building boasts both a spacious commercial space and a residential unit, offering an incredible opportunity for investors or those seeking a live/work space. The ground-floor commercial space features an open layout, a half bathroom, and direct access to a large backyard-perfect for outdoor gatherings or expansion. Above, the recently upgraded bi-level, 2-bedroom, 1-bath residential unit occupies the second and third floors. This apartment enjoys its own private entrance, offering privacy and convenience. This property also includes a full, unfinished basement with exterior access. Located just around the corner from the picturesque Hancock Park, a beautifully maintained green space with amenities for all ages, the property is in a desirable area with plenty of foot traffic. Buyers are encouraged to conduct due diligence regarding zoning and potential future uses.Great opportunity! Seller financing available with only 15% down. Ideal for buyers seeking alternative financing options.
Full Property Details
Full Property Details for 178 W Master St
General
- Price: $475,000
- Taxes: $3,229 (2025)
- Status: Active
- Type: Retail
- Source: BrightMLSPhilly
- MLS ID: PAPH2592054
- Updated: 3/23/2026
- Added to Site: 23 day(s) ago
Business
- Business Type: Other/General Retail
Interior
- Flooring: Carpet, Laminated
Additional Information
- Security/Safety: Carbon Monoxide Detector(s), Fire Detection System, Smoke Detector
Parking
- Parking Type: On Street
Location
- Area: 19122 (19122)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Cross Streets: N. 2Nd Street
- Driving Directions: On Master ST. between N. Hancock St. and N. Palethorp St.
Heating & Cooling
- Cooling Type: Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water Available, Sewer Available, Electric Available
Structural Information
- Construction: Masonry, Brick
- Foundation: Stone, Other
- Roof: Flat
- Stories/Levels: 3
- Building Size: 1836
- Year Built: 1915
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,620
- Lot Size Source: Assessor
- Lot Dimensions: 18.00 x 90.00
- Fence: Yes
- Zoning: RSA5
- Lot Description: Rear Yard
Financial Considerations
- Price Per Sq. Ft.: $258.71
- Assessment Year: 2026
- School Tax: $1,808
- City/TownTax: $1,420
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $230,700
- Tax Amount: $3,229
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: washer, dryer, refrigerator.
- Lot Number: 6
Listed by Elfant Wissahickon-Chestnut Hill, Miriam Mosquera-Martinez
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Schools
Schools serving 178 W Master St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Moffet John School 127 West Oxford Street, Philadelphia, PA 19122 | K-5 | 0.2 mi |
Penn Treaty Middle School 600 East Thompson Street, Philadelphia, PA 19125 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 178 W Master St
Date
Details
Price
Change
Source
3/10/2026
Listed
$475,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 178 W Master St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,229
—
$230,700
—
2024
$3,229
34%
$230,700
100%
2021
$2,405
-34%
-100%
2023
$3,666
52%
$261,900
52%
2020
$2,405
1%
$171,800
1%
2019
$2,381
-5%
$170,100
-5%
2018
$2,501
14%
$178,700
14%
2017
$2,200
—
$157,200
—
2016
$2,200
4%
$157,200
—
2015
$2,106
—
$157,200
—
2014
$2,106
40%
$157,200
923%
2013
$1,501
—
$15,360
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 178 W Master St
178 W Master Street, Philadelphia, PA 19122 (MLS# PAPH2592054) is a Retail property. 178 W Master Street is currently listed for $475,000 and was received on March 10, 2026. Want to learn more about 178 W Master Street? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

