4340-42 CRESSON ST Philadelphia, PA 19127
UPDATED:
Key Details
Property Type Townhouse
Sub Type End of Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 4,232 sqft
Price per Sqft $140
MLS Listing ID PAPH2660592
Style Other
Abv Grd Liv Area 4,232
Year Built 1900
Available Date 2026-08-21
Annual Tax Amount $8,663
Tax Year 2026
Lot Size 1,332 Sqft
Acres 0.03
Lot Dimensions 26.00 x 52.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
Listed at **$595,000** with a tax-assessed value of **$618,900**, this exceptional commercial duplex presents a rare opportunity to own a versatile income-producing property on an extra-large, double-wide corner lot in the heart of Manayunk, just steps from Main Street.
Both units are currently tenant occupied and generate a significant monthly rental income.
The Cresson Street unit features 2 nicely sized bedrooms, 1 full bathroom, an eat-in kitchen, living room, walk-in closet, and a dedicated laundry room. The washer and dryer were recently replaced.
The Grape Street unit offers 3 bedrooms and 2 full bathrooms, along with a generously sized eat-in kitchen and dining room featuring a gas fireplace. The expansive living room ceilings, exposed ductwork, wet bar, and third-floor loft/third bedroom create a distinctive industrial-modern feel. The unit has also been recently refreshed with new paint and new carpeting, and the property has a recently redone rubber roof.
Both units feature central air conditioning and gas heat.
A full basement with a separate entrance provides valuable additional space that could be used for storage, workspace, or potentially additional rental income, subject to applicable approvals.
The property's CMX-2.5 zoning allows for a variety of commercial uses, creating tremendous flexibility for an investor, owner-occupant, small business owner, or entrepreneur. The property could potentially accommodate a storefront or small business, while the existing residential units already provide income.
Located in one of Manayunk's most desirable and walkable areas, this property offers the combination of location, income, flexibility, and future upside that today's investors are looking for.
Property Highlights:
* $595,000 asking price
* $618,900 tax-assessed value
* Commercial duplex on an extra-large double-wide corner lot
* CMX-2.5 zoning
* 2 tenant-occupied units
* $3,722.50/month current rental income
* Below-market rent on the 2-bedroom unit offers upside
* 3BR / 2BA Grape Street unit
* 2BR / 1BA Cresson Street unit
* Central A/C in both units
* New paint & carpeting in Grape Street unit
* Recently replaced washer & dryer in Cresson Street unit
* Recently redone rubber roof
* Full basement with separate entrance
* Steps from Main Street and all that Manayunk has to offer
**Whether you're looking for a strong investment property, a flexible commercial/residential opportunity, or the ultimate house-hacking setup, this property is ready to deliver. Let the tenants help pay the mortgage while you build equity in one of Manayunk's prime locations. Priced to sell—don't miss this opportunity!**
Location
State PA
County Philadelphia
Area 19127 (19127)
Zoning CMX25
Rooms
Basement Other
Interior
Interior Features Carpet, Dining Area, Entry Level Bedroom, Kitchen - Eat-In, Wet/Dry Bar, Walk-in Closet(s)
Hot Water Natural Gas, Electric
Heating Hot Water
Cooling Central A/C
Flooring Carpet, Ceramic Tile, Vinyl
Fireplaces Number 1
Equipment Dishwasher, Dryer, Oven - Wall, Refrigerator, Washer, Water Heater
Fireplace Y
Appliance Dishwasher, Dryer, Oven - Wall, Refrigerator, Washer, Water Heater
Heat Source Natural Gas
Exterior
Utilities Available Electric Available, Sewer Available, Water Available, Natural Gas Available
Water Access N
Roof Type Shingle,Pitched
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 4232
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Masonry,Paneled Walls,Plaster Walls
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 211208500
Ownership Fee Simple
SqFt Source 4232
Acceptable Financing Cash, FHA, VA, Conventional
Listing Terms Cash, FHA, VA, Conventional
Financing Cash,FHA,VA,Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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