Welcome to 1431 W Somerset Street, a versatile townhome located in the heart of North Philadelphia. Currently tenant-occupied and operating as an informal transitional home, this property is an excellent investment opportunity with a steady rent roll of $2,600 per month. The home is uniquely configured with two separate units on the first floor and two additional units on the second floor, equipped with a bathroom and kitchenette. The owner covers utilities, providing a seamless experience for tenants and ensuring consistent occupancy. Whether you're looking to expand your portfolio or explore new investment strategies, 1431 W Somerset Street offers a promising return and endless potential. Don't miss this chance to invest in a property with immediate income and future possibilities!
Property Details
Property Features
Property Information:
Architectural Style: Straight Thru
Year Built: 1925
Stories: 2
Living Area: 1,488 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (215) 923-7600
Listing Agent: Tim Brogan
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.02 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Ceiling Fan(s), Window Unit(s)
Other
Directions Information:
Directions: From N Broad Street, turn onto W Somerset and property is on the right hand side
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $125,000
Price Per SqFt: $84/SqFt
Tax Information:
Annual Amount: $533
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $136.8K less than the Median Sold Price and $115/SqFt less than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2382778
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (215) 923-7600
Listing Agent: Tim Brogan
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Mastery Charter School at Clymer
1201 W Rush St
Distance between this listing and this school0.24 miles
Public Charter Grades KG-6
2
/10
Kipp North Philadelphia Charter School
2539 N 16th St
Distance between this listing and this school0.30 miles
Public Charter Grades KG-6
1
/10
Thomas May Peirce Elementary School
2300 W Cambria St
Distance between this listing and this school0.72 miles
Public District Grades KG-6
Nearby Schools
4
/10
Kipp Philadelphia Charter School
2539 N 16th St
Distance between this listing and this school0.30 miles
Public Charter Grades KG-8
2
/10
Kenderton Elementary School
1500 W Ontario St
Distance between this listing and this school0.64 miles
Public District Grades KG-8
3
/10
Mary McLeod Bethune Elementary School
3301 Old York Rd
Distance between this listing and this school0.65 miles
Public District Grades KG-8
Nearby Schools
3
/10
Tech Freire Charter School
2221 N Broad St
Distance between this listing and this school0.61 miles
Public Charter Grades 9-12
2
/10
Dobbins Avt High School
2150 W Lehigh Ave
Distance between this listing and this school0.62 miles
Public District Grades 9-12
2
/10
Philadelphia Military Academy at Elverson
2118 N 13th St # 2160
Distance between this listing and this school0.70 miles
The neighbors living near this home have an average income of $29,429. The most common annual income of people living in Philadelphia, PA is less than $35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1431 W Somerset St
What is the listing price of this property?
The listing price of 1431 W Somerset St property is $125,000.
What type of property is this?
The property 1431 W Somerset St is a house located in Philadelphia, Pennsylvania, 19132.
Is this property for sale now?
Active Listing: 1431 W Somerset St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $533 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 30, 2013 for $19,250. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1431 W Somerset St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 1431 W Somerset St is 1,488 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1431 W Somerset St is 1925.
This home is located at 1431 W Somerset St in Philadelphia, PA and zip code 19132 in the Glenwood neighborhood. This 1,488 square foot home, which was built in 1925, sits on a 0.02 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 05, 2024 and is currently priced at $125,000.
In October 2024 more than 252 listings in Philadelphia, PA were sold above the asking price. During the same period more than 237 listings were sold at asking price, while more than 567 were sold below. In October 2024 in Philadelphia, PA there were 9.8% more homes for sale than in September 2024. Listings spent 44 days on the market in October 2024, and had a median list price of $261,807 during the same period.
From Rocket Homes Real Estate and based on county public records data.