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Live, work, and earn at one address. 700 N 42nd Street is a fully renovated, fully permitted mixed-use building offering two private residential apartments plus a ground-floor commercial space ready for business use. Each apartment features 2 bedrooms and 2 full bathrooms, creating strong rental appeal and a rare house-hack opportunity. The apartments are bright, efficient, and move in ready. The commercial space sits behind a street facing storefront on a high visibility corridor. The ground-floor commercial space is approximately 760 sq ft with its own bathroom and storefront presence, making it ideal for an owner-user, small business, office, studio, salon, personal service use, or investor seeking multiple income streams. Live in one unit, operate your business downstairs, and rent the other apartment, or lease all three spaces as a turnkey income-producing asset. This is not a cosmetic renovation. All major capital improvements have already been completed, including full permits, city approvals, architect-drawn plans, updated all-electric systems, separate electric metering, ductless mini-split heating and cooling, and a full-building $40,000+ sprinkler system providing added life-safety protection and code compliance. Delivered vacant or we can help find your first tenant. Located minutes from Drexel, Penn, University City, and major employment and medical centers, this is a rare opportunity to own a flexible live/work/income property in a growing West Philadelphia corridor.
| DAYS ON MARKET | 0 | LAST UPDATED | 5/20/2026 |
|---|---|---|---|
| YEAR BUILT | 1925 | COMMUNITY | 19104 (19104) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19104 (19104) |
| HEAT | Electric, Forced Air |
| LOT | 1307 sq ft |
| LOT DIMENSIONS | 16.00 x 80.00 |
| PARKING | On Street |
| TAXES | 9125 |
| ZONING | Use & Occupancy: Commercial space with residential multifamily use. |
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