UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,864 sqft
Price per Sqft $254
MLS Listing ID PAPH2589954
Style Straight Thru
Abv Grd Liv Area 2,864
Year Built 1915
Annual Tax Amount $6,996
Tax Year 2025
Lot Size 1,280 Sqft
Acres 0.03
Lot Dimensions 16.00 x 80.00
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
This corner property features three fully leased 1-bedroom/1-bath apartments above a ground-floor commercial space, offering a blend of stable in-place income and long-term upside.
Currently generating $5,150/month, the property delivers a 6.7% cap rate with low operating expenses and clear opportunity for future growth. The commercial space is positioned for a bakery + coffee shop, bringing added foot traffic, neighborhood appeal, and long-term rental potential.
Each residential unit is well maintained with strong rental history, while the CMX-2 zoning provides flexibility for continued mixed-use operation or future repositioning.
Located just steps from East Passyunk Avenue's top restaurants, cafés, and boutiques, this is a turnkey asset in one of Philadelphia's most desirable corridors.
Whether you're an investor seeking consistent cash flow with upside, or an owner-occupant looking to integrate business and residential income, 1229 S 6th Street offers a compelling opportunity at a newly adjusted price.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 2864
Sewer Public Septic
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871038400
Ownership Fee Simple
SqFt Source 2864
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS