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$600,000
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Property Description
Can be purchased as a package with 2343 & 2345 E Somerset St. Surrounded by new construction, this 2-building 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.
Full Property Details
Full Property Details for 2347 E Somerset St
General
- Price: $600,000
- Taxes: $4,901 (2025)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PAPH2562866
- Updated: 5/5/2026
- Added to Site: 168 day(s) ago
Business
- Business Type: Other/General Retail, Restaurant/Bar
Interior
- Flooring: Ceramic Tile, Luxury Vinyl Plank
Parking
- Parking Type: On Street
Location
- Area: 19134 (19134)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: PORT RICHMOND
- Cross Streets: Aramingo
- Driving Directions: At the corner of Aramingo and Somerset
School Information
- Elementary School: Richmond
- Middle School: Memphis Street Academy Charter School At J.P. Jones
- High School: Kensington
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Forced Air, Radiator
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Foundation: Stone
- Building Size: 1500
- Year Built: 1925
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,323
- Lot Size Source: Estimated
- Lot Dimensions: 41.00 x 73.00
- Zoning: CMX1
Financial Considerations
- Price Per Sq. Ft.: $400
- Assessment Year: 2025
- School Tax: $1,289
- City/TownTax: $1,013
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $164,500
- Tax Amount: $4,901
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: 2 Refrigerators, 2 washers, 2 dryers
Listed by KW Empower, Stacy L Sanseverino
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Schools
Schools serving 2347 E Somerset St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Richmond School 2944 Belgrade Street, Philadelphia, PA 19134 | K-5 | 0.3 mi |
Kensington HS 2501 Coral Street, Philadelphia, PA 19125 | 9-12 | 0.6 mi |
Kensington Culinary Arts 2463 Emerald Street, Philadelphia, PA 19125 | 9-12 | 0.7 mi |
Kensington Creative & Performing Arts High School 1901 North Front Street, Philadelphia, PA 19122 | 9-12 | 1 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 2347 E Somerset St
Date
Details
Price
Change
Source
5/04/2026
Price Reduced
$600,000
-33.33%
MLS
3/20/2026
Price Reduced
$899,999
—
MLS
12/02/2025
Listed
$900,000
500%
MLS
8/19/2021
Sold
$150,000
—
Public Record
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 2347 E Somerset St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,242
-3%
$164,500
—
2025
$2,303
—
$164,500
—
2024
$2,303
51%
$164,500
100%
2021
$1,527
-32%
-100%
2023
$2,242
47%
$160,200
47%
2020
$1,527
1%
$109,100
1%
2019
$1,513
-5%
$108,100
-5%
2018
$1,590
-35%
$113,600
-35%
2017
$2,440
—
$174,300
—
2016
$2,440
4%
$174,300
—
2015
$2,336
—
$174,300
—
2014
$2,336
86%
$174,300
1255%
2013
$1,257
—
$12,864
—
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 2347 E Somerset St
2347 E Somerset Street, Philadelphia, PA 19134 (MLS# PAPH2562866) is a Commercial Service property. 2347 E Somerset Street is currently listed for $600,000 and was received on December 02, 2025. Want to learn more about 2347 E Somerset Street? Do you have questions about finding other Commercial Service real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

