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Historic Six-Unit Apartment Shell
For Sale
$650,000
Pending

403 S 42nd St, Philadelphia, PA 19104

Four-story redevelopment property with historic designation and previously approved plans for residential units.

Property Size4,790 SF
Days on Market590

Property Features for 403 S 42nd St

General Information

Standard status Pending
Size 4,790 SF
Property subtype Residential Income

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $14,153

Building Details

Stories 4
Listing Agency: OCF Realty LLC - Philadelphia
Listed By: Jesse Vandeboe · License #RS344327
Source: Exprealty
Added: Jan 23, 2025 Changed: Sep 2 Last Checked: Aug 31 at 7:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OCF Realty LLC - Philadelphia

Investment Insights

Based on property information with market context.

This 4,790-square-foot apartment building is an existing four-story shell configured for six units. The property has been designated historic, and the shell has previously received approval for the planned residential configuration.

Located at 403 S 42nd St in Philadelphia, the property is described as being a few blocks from Penn University. Its existing shell condition and approved six-unit plan provide a defined framework for residential redevelopment.

Key Highlights

  • 4,790‑square‑foot existing four‑story shell
  • Previously approved for 6 units
  • Property designated historic

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Furniture & Home Goods HVAC Service Electrical Service Florist (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

4,124
Businesses Nearby

Demographics for 19104, PA

56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-story redevelopment property with historic designation and previously approved plans for residential units.
Where is this apartment building located?
The property is located at 403 S 42nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,790‑square‑foot existing four‑story shell; Previously approved for 6 units; Property designated historic
More about this property
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