4343 Main StPhiladelphia, PA 19127

For Sale
$3,300,000

9-Unit Apartment Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Value-add opportunity: Light renovations needed in select units and common areas.
  • Desirable unit mix: Studio, one-bedroom, and two-bedroom apartments.
  • Excellent location: Easy access to Route 1, I-76, Kelly Drive, and Ridge Avenue.
  • Convenient public transportation: Minutes from SEPTA Regional Rail (Manayunk Station) and bus routes.
  • Walkable to numerous amenities: Close proximity to Manayunk's shops, restaurants, and galleries.
  • Abundant nearby recreation: Convenient to Manayunk Canal, Schuylkill River Trail, Wissahickon Valley Park, and golf courses.

Property Details for 4343 Main St

Property type
Other retail properties, Multifamily properties
Square Feet
8,145 SF
Class
C
Year Built/Renovated
1900/2017
Buildings
2
Stories
4
Units
9

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0256009
Longitude
-75.2234981
4343 Main St, Philadelphia, Pennsylvania

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4343 Main St
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