Backup offers
#PAPH2490344, Wei Zhang, Listing office: Home Vista Realty
$579,900 List price
3847 Terrace St Philadelphia, PA 19128
2,918 sqft
0.04 acres
$199 / sqft
Multi-Family
Property details
About 3847 Terrace St
Located just blocks away from the vibrant retail and dining scene on Main Street and Ridge Avenue, this prime corner building offers a fantastic investment opportunity in one of Philadelphia’s most sought-after neighborhoods. With a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. The first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. The property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. This license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. The CMX1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, a washer and dryer in each unit and stylish new bathrooms. Located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.
Highlights
Home typeTriplex
HeatingHot Water
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)
(ACTIVE UNDER CONTRACT)
CoolingCentral Air
Size2,918 sqft
Lot size0.04 Acres
Year built1900
ParkingOn Street
MLS #PAPH2470658
Summary
- Parking: On Street
- Architectural Style: Traditional
- Heating: Hot Water
- Cooling: Central Air
- List Price: $579,900
- Price/SqFt: $198
- Annual Tax Amount: $3,369
- Tax Year: 2023
- Directions: Use 3847 Terrace Street, Philadelphia for GPS.
- Year Built: 1900
- Living Area: 2,918 SqFt
- Municipality: Philadelphia
- Lot Size: 0.04 Acres
- MLS Number: PAPH2470658
- MLS Name: BRIGHT
- Office Name: Compass Pennsylvania, LLC
- Office Phone: (610) 947-0408
- Office Email: marianne.dillon@compass.com
- Listing Agent: Aimee Lucia Alexander
- Agent Phone: (215) 990-9386
- Agent Email: aimee.alexander@compass.com
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.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/29/2025, 12:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 17, 2020 | Home Sold | $371,500 |
| Mar 05, 2015 | Home Sold | $250,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $240,700 | $3,369 |
| 2022 | $240,700 | $3,083 |
| 2021 | $- | $3,083 |
| 2020 | $220,300 | $3,083 |
| 2019 | $218,700 | $3,061 |
| 2018 | $225,400 | $3,155 |
| 2017 | $340,000 | $4,759 |
History based on county public records data.
Nearby schools
7
Belmont Hills Elementary School
Public District KG-4
1.3 mi
•200 School St
2
Philadelphia Hebrew Public Charter School
Public Charter KG-2
1.6 mi
•3300 Henry Ave
8
Cynwyd Elementary School
Public District KG-4
1.7 mi
•101 W Levering Mill Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,808. Typical income of Philadelphia, PA residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
36%
<35k
49%
35k-100k
12%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
76%
Single, No Kids
3%
Single, with Kids
14%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
2%
12-17 yrs old
62%
18-34 yrs old
25%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Tennis
Music Concerts
Hiking/backpacking
Where do the neighbors shop?
Crate & Barrel
H&M
Bloomingdales
Where do the neighbors go to eat?
Starbucks
Chipotle
Jack In The Box
What do the neighbors drive?
BMW
Volkswagen
Audi
What do the neighbors listen to?
News
Rhythmic Contemporary Hits- Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3847 Terrace St
The listing price of 3847 Terrace St property is $579,900.
The property 3847 Terrace St is a multi located in Philadelphia, Pennsylvania, 19128.
Accepting Backup Offers: 3847 Terrace St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 3847 Terrace St are: Belmont Hills Elementary School (GreatSchools Rating 7/10), Philadelphia Hebrew Public Charter School (GreatSchools Rating 2/10), Cynwyd Elementary School (GreatSchools Rating 8/10), Cook-Wissahickon Elementary School (GreatSchools Rating 5/10), Thomas Mifflin School (GreatSchools Rating 3/10), James Dobson Elementary School (GreatSchools Rating 6/10), Roxborough High School (GreatSchools Rating 2/10), Mastery Charter School-Pickett Campus (GreatSchools Rating 3/10), Randolph A. Philip Avt High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $3,369 (source: MLS/based on county public records data).
The last sale was on March 17, 2020 for $371,500 (source: MLS/tax record).
The property 3847 Terrace St is 2,918 SqFt (source: MLS/tax record).
The year of construction for 3847 Terrace St is 1900.
This home is located at 3847 Terrace St in Philadelphia, PA and zip code 19128 in the Roxborough / Manayunk neighborhood. This 2,918 square foot home, which was built in 1900, sits on a 0.04 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $579,900.
In June 2025 in Philadelphia, PA there were 36.5% more homes for sale than in May. While the average time on the market in June 2025 was 90 days, the median list price was $292,873.
From Rocket Homes Real Estate and based on county public records data.