1121 Walnut St, Philadelphia, PA 19107
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
1121 Walnut St,Philadelphia, PA 19107
$2,875,000
- 6 Beds
- - Baths
- 6,076 sq. ft.
- Multi-family
- Pending
Listed by: bruno r. r pouget, brett caspi
Office: compass pennsylvania, llc.
MLS#:PAPH2559208
Source:BRIGHTMLS
Price summary
- Price:$2,875,000
- Price per sq. ft.:$473.17
About this home
An extraordinary investment opportunity awaits at 1121 Walnut Street—an impeccably renovated, fully occupied mixed-use property in the vibrant heart of Midtown Philadelphia. This premier CMX5-zoned asset features two 2-bed/2-bath residences, two 1-bed/1-bath residences, and a stabilized retail space, all situated within one of the city’s fastest-growing districts. Surrounded by luxury development, world-class hospitality, major medical institutions, and the bustling Convention Center, the property occupies a prime position at the center of Philadelphia’s continued urban renaissance.
Designed for both immediate performance and long-term potential, this dynamic building blends modern residential living with established commercial tenancy. Four stylish, professionally reimagined apartments rise above a flagship restaurant tenant anchoring the ground floor, creating a balanced and dependable income stream. With a cap rate above 7% and full occupancy, the property offers turnkey stability alongside impressive upside through its CMX5 zoning—accommodating future vertical expansion, repositioning, or complete redevelopment.
Investment advantages include the security of long-term tenants, the strength of diversified residential and commercial income, the appeal of newly renovated units with strong rental demand, and the rare flexibility afforded by CMX5 designation. Its unbeatable location—steps from premier dining, retail, cultural institutions, arts venues, multiple transit lines, Jefferson Hospital, and the Convention Center—positions this asset at the epicenter of convenience and continued appreciation. Owner financing is also available, offering an exceptional advantage for qualified buyers.
Whether you are a seasoned investor seeking reliable, high-yield performance or a visionary buyer looking to capitalize on Midtown’s explosive momentum, 1121 Walnut Street represents a rare opportunity to anchor yourself in Philadelphia’s most exciting corridor of growth. This offering is more than an acquisition—it is a strategic foothold in the city’s next era of transformation.
Review attached Pro Forma provided for financial details...
Contact an agent
Home facts
- Year built:1900
- Listing ID #:PAPH2559208
- Added:145 day(s) ago
- Updated:April 09, 2026 at 07:31 AM
Rooms and interior
- Bedrooms:6
- Living area:6,076 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Natural Gas
Structure and exterior
- Year built:1900
- Building area:6,076 sq. ft.
- Lot area:0.06 Acres
- Architectural Style:Traditional
- Construction Materials:Masonry
- Foundation Description:Stone
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,875,000
- Price per sq. ft.:$473.17
- Tax amount:$19,955 (2025)
Features and amenities
- Amenities:200+ Amp Service
Parking
- Parking description:Off Street, On Street
New listings near 1121 Walnut St
- Coming SoonOpen Sat, 12:30 to 2:30pm
$1,695,000Coming Soon5 beds 4 baths205 W Highland Ave, PHILADELPHIA, PA 19118
MLS# PAPH2602926Listed by: KURFISS SOTHEBY'S INTERNATIONAL REALTY - Coming SoonOpen Fri, 5 to 7pm
$649,000Coming Soon3 beds 3 baths500 Ridgerun Ln, PHILADELPHIA, PA 19111
MLS# PAPH2605008Listed by: KELLER WILLIAMS REAL ESTATE - SOUTHAMPTON - Coming Soon
$428,000Coming Soon4 beds 2 baths820 Tasker St, PHILADELPHIA, PA 19148
MLS# PAPH2605092Listed by: RE/MAX 2000 - Coming SoonOpen Sun, 11am to 12:30pm
$469,000Coming Soon1 beds 1 baths700 Commodore Ct #2705, PHILADELPHIA, PA 19146
MLS# PAPH2605414Listed by: HOUWZER, LLC - New
$1,325,000Active7 beds -- baths4,568 sq. ft.1642 Cambridge St, PHILADELPHIA, PA 19130
MLS# PAPH2605536Listed by: PHILADELPHIA REALTY EXCHANGE - Coming Soon
$275,000Coming Soon1 beds 1 baths1759 Frankford Ave #4, PHILADELPHIA, PA 19125
MLS# PAPH2605544Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$449,900Coming Soon3 beds 3 baths3814 Brookview Rd, PHILADELPHIA, PA 19154
MLS# PAPH2605558Listed by: RE/MAX 2000 - Coming SoonOpen Sat, 12 to 2pm
$329,000Coming Soon3 beds 3 baths8585 Benton Ave, PHILADELPHIA, PA 19152
MLS# PAPH2605560Listed by: KELLER WILLIAMS REAL ESTATE - NEWTOWN - Coming SoonOpen Sun, 11am to 1pm
$325,000Coming Soon2 beds 2 baths1442 N Marston St, PHILADELPHIA, PA 19121
MLS# PAPH2605566Listed by: BHHS FOX & ROACH-CHESTNUT HILL - New
$235,000Active6 beds 2 baths1,120 sq. ft.5943 N Marvine St, PHILADELPHIA, PA 19141
MLS# PAPH2605576Listed by: EXP REALTY, LLC