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$295,000
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Property Description
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.
Full Property Details
Full Property Details for 2981 Memphis St
General
- Sold For: $295,000
- Taxes: $2,954 (2024)
- Status: Closed
- Type: Duplex
- Source: BrightMLSPhilly
- MLS ID: PAPH2481236
- Added to Site: 252 day(s) ago
Parking
- Parking Type: None
Location
- Area: 19134 (19134)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: PORT RICHMOND
- Driving Directions: GPD 2981 Memphis st. It's the corner store on the left hand side.
School Information
- School District: Philadelphia City
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric, 90% Forced Air
- Heating Fuel: Electric, Natural Gas
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: Over Storefront
- Construction: Masonry
- Square Feet: 1,978
- Sq. Ft. Source: Estimated
- Living Area: 1,978 Sq. Ft.
- Finished Above Grnd: 1,978 Sq. Ft.
- Year Built: 1925
- Year Built Source: Estimated
- Property Condition: Below Average
Unit Information
- Other Units: Unit 1, Unit 2
Lot Features
- Lot Size (Acres): 0.04
- Lot Size (Sq. Ft.): 1,551
- Lot Size Source: Estimated
- Lot Dimensions: 24.00 x 65.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $159.25
- Assessment Year: 2025
- School Tax: $1,654
- City/TownTax: $1,300
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $211,100
- Tax Amount: $2,954
- Tax Year: 2024
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Store Appliances
- Lot Number: 16
Listed and Sold by EXP Realty, LLC, Darwin Laureano
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Schools
Schools serving 2981 Memphis St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Richmond School 2944 Belgrade Street, Philadelphia, PA 19134 | K-5 | 0.2 mi |
Kensington HS 2501 Coral Street, Philadelphia, PA 19125 | 9-12 | 0.8 mi |
Kensington Culinary Arts 2463 Emerald Street, Philadelphia, PA 19125 | 9-12 | 0.9 mi |
Kensington Creative & Performing Arts High School 1901 North Front Street, Philadelphia, PA 19122 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2981 Memphis St
Date
Details
Price
Change
Source
11/18/2025
Sold
$295,000
-6.35%
MLS
9/26/2025
Price Reduced
$315,000
-4.55%
MLS
5/23/2025
Price Reduced
$330,000
-5.71%
MLS
5/10/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2981 Memphis Street, Philadelphia, PA 19134 (MLS# PAPH2481236) is a Duplex property that was sold at $295,000 on November 18, 2025. Want to learn more about 2981 Memphis Street? Do you have questions about finding other Duplex real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

