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Justin Heath

justin@sellinggreaterphilly.com +1(215) 808-7425

$ 975,000

Est. payment -/mo

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Price Dropped by $50K

2042 RITTENHOUSE SQ Philadelphia, PA 19103

2,625 SqFt

OPEN HOUSE

Sun Nov 24, 12:00pm - 2:00pm

UPDATED:

11/20/2024 07:40 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,625 sqft

Price per Sqft $371

Subdivision Rittenhouse Square

MLS Listing ID PAPH2397102

Style Other

Abv Grd Liv Area 2,625

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $12,915

Tax Year 2025

Lot Size 1,200 Sqft

Acres 0.03

Lot Dimensions 15.00 x 80.00

Property Description

Rare opportunity to own a special property on a most desirable tree-lined block. 2042 Rittenhouse is currently set up as a 3-unit building with first floor commercial office space and two residential apartments on floors 2 and 3. Its flexible CMX-1 zoning offers several potential uses--The property could become (1) a single-family townhome, with superb character and light; (2) a residential multi-unit with an owner’s residence and one or two income-generating spaces; (3) a fabulous triplex for investors; (4) perfect for multi-generational living; or (5) the perfect live-work space with office space and residential above (with separate entrances for the residential and commercial). This property has by-right roof deck potential either as a south-facing 3rd-floor walk-out or via a 4th-floor pilot house. Opportunity to expand the 3rd floor interior square footage as well. 2042 Rittenhouse has spectacular bones and a deep lot but does need renovation/updating. On one of Center City’s most charming blocks. Convenient to everything. GARAGE PARKING available within one block. NOTE—At buyer’s option, Commercial Broker has qualified tenant lined up for the 1st floor commercial space. Willing to sign LOI or lease contingent upon acquisition. Contact Listing broker for details and terms.

Location

State PA

County Philadelphia

Area 19103 (19103)

Zoning CMX1

Rooms

Basement Partial

Interior

Interior Features Store/Office

Hot Water Natural Gas

Heating Forced Air, Hot Water

Cooling Central A/C, Wall Unit

Inclusions All appliances.

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871500280

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Jeffrey Block • Compass RE

Justin Heath

Team Leader | Realtor | License ID: RS347845 PA & 2298019 NJ

+1(215) 808-7425

Justin Heath

2042 RITTENHOUSE SQ Philadelphia, PA 19103

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2042 RITTENHOUSE SQ