38 S 3RD ST, Philadelphia, PA 19106

Property Description

This fully-occupied 5,000 square foot building zoned CMX3, features 4 two bedrooms residential units. On the ground level there is a commercial space that is leased by Opportunity Barks Dog Training. Some basic updates have been made to the residential units in 2025, but there is still room for further improvements to increase the value. All units have central air and heat as well as washer/dryers. Located in the heart of Old City, 38 S. 3rd Street is a smart and strategic investment opportunity. Tenants enjoy exceptional walkability to great restaurants and boutiques. They have convenient access to public transit, with the 2nd Street Market–Frankford Line station just one block away. The property is also minutes from major medical institutions like Pennsylvania Hospital and Jefferson Hospital. It sits only a few blocks from I-95 providing quick, easy access to South Jersey.

Listing Status:

Active

Data Last Updated:

February 6, 2026 at 10:24PM

Listing Office:

Philly LMG, LLC : 2155457007

Listing Agent:

Sabina Palermo : 2158215527

MLS ID:

PAPH2576592

Interior

• A/C: Central A/C
• Heating: Forced AirNatural Gas
• Disability Feature: None

Construction

• General: Masonry

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: CMX3871009230

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN