$779,000

Property Description

Welcome to 700 N 42nd Street, a rare, fully renovated and vacant live/work 3 investment opportunity offering two residential units plus a dedicated commercial space, all within one thoughtfully transformed property. The residential portion features two spacious 2-bedroom, 2-bathroom units with modern kitchens, beautifully updated bathrooms, comfortable living spaces and contemporary finishes throughout. The separate commercial space provides incredible flexibility for an owner-operator, entrepreneur or investor. Imagine the possibilities: live in one residence, rent the second and operate your business from the commercial space. Or lease the spaces separately and create multiple potential income streams from a single property. For the right buyer, this is a compelling opportunity to combine home, business and investment under one roof. This was not a cosmetic renovation. The property underwent a comprehensive professional renovation with permits pulled and all major systems replaced. Improvements include updated electrical, plumbing, roof, and mechanical systems, along with a state-of-the-art sprinkler system representing an approximately $40,000 investment. The result is a turnkey property designed for long-term ownership and significantly reduced near-term capital improvement needs. The property offers approximately 3,134 square feet of total measured floor area, including basement areas, providing substantial space and flexibility across the residential and commercial portions. Whether you're searching for a house hack, live/work opportunity, owner-occupied investment or a unique addition to your portfolio, 700 N 42nd Street offers a combination of condition, flexibility and income potential that is difficult to replicate. Live in one. Rent the other. Run your business from the third space. Schedule your private showing and experience the possibilities at 700 N 42nd Street.

Property Facts & Features

Property Type

Multi Family

Status

Active

Listed

Sep 13, 2026

Price per Sq Ft

$255/sqft

ZIP Code

19104

Parking

On Street

Heating

Forced Air

Cooling

Central A/C

Construction

Masonry

Style

Straight Thru

Property Tax (2026)

$9,125/yr

Assessed Value

$651,900

Last Sold

$145,000 · Apr 18, 2023

Neighborhood

West Philadelphia

County

Philadelphia

School District

The School District of Philadelphia

Estimated Value

Automated estimate. Not an appraisal.

Features & Amenities

Location

Lat 39.96487 · Lng -75.20757