4343 Main StPhiladelphia, PA 19127

Property Details for 4343 Main St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

4,070 SF

Zone code

CMX2.5

Property type

Investment properties

Property subtype

Live-work space

APN

87-1-0183-00

APU

871018300

Description

This exceptional mixed-use property, located at 4343-4345 Main Street in Philadelphia's vibrant Manayunk neighborhood, presents a compelling value-add investment opportunity. The property consists of two buildings, totaling 8,145 square feet, encompassing nine apartment units – a mix of studios, one-bedroom, and two-bedroom layouts – and approximately 3,500 square feet of commercial space currently occupied by established restaurants. Built in 1900 and renovated in 2017, this four-story building sits on a 3,695 square foot lot (APN: 87-1018300; 87-1018350) and is zoned CMX-2.5. The property benefits from its prime location, offering convenient access to major roadways including Route 1, I-76, Kelly Drive, and Ridge Avenue, as well as public transportation via SEPTA Regional Rail (Manayunk Station) and numerous bus routes. The thriving Manayunk neighborhood provides abundant amenities, including cafes, shops, galleries, and restaurants, all within walking distance. Nearby recreational opportunities include the Manayunk Canal, Schuylkill River Trail, Wissahickon Valley Park, and several golf courses. Light renovations to select units and common areas present a clear path to increase rental income and enhance the property's overall value. This property offers a strong combination of established commercial tenants and a desirable residential unit mix, making it an attractive investment for those seeking a well-located, value-add opportunity in a rapidly growing Philadelphia neighborhood. The asking price is $3,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $672,893

  6.5%

  $621,132

  7%

  $576,765

• Comparable approach

  Method

  Valuation

  Relative Method

  $531,786

  Geo Method

  $531,786

• Alternative Use

  Use

  Valuation

  Residential

  $770,203

  Hospitality

  $705,502

  Educational

  $586,969

  Medical

  $607,156

  Retail

  $913,063

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0256

Longitude

-75.2235

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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