1204 E Palmer St, Philadelphia, PA 19125
Local realty services provided by:Better Homes and Gardens Real Estate GSA Realty
1204 E Palmer St,Philadelphia, PA 19125
$609,000
- 4 Beds
- - Baths
- 1,710 sq. ft.
- Multi-family
- Active
Listed by: benjamin katz
Office: coldwell banker realty
MLS#:PAPH2678864
Source:BRIGHTMLS
Price summary
- Price:$609,000
- Price per sq. ft.:$356.14
About this home
Presenting an exceptional investment or owner-occupant opportunity in the heart of Fishtown. 1204 E Palmer Street is a well-crafted, three-unit mixed-use property built in 2017, offering a compelling combination of modern finishes, consistent tenant demand and strong rental income, with end-user flexibility under CMX-2 commercial mixed-use zoning allowances.
The property features a bi-level commercial space on the ground floor, along with two well appointed residential efficiency apartments on the upper levels, each offering one bedroom and one bathroom.
With its versatile layout, the commercial space offers a variety of potential uses, including boutique commercial or wellness services, or conversion to a residential apartment with a simple kitchen conversion.
The two upper-level residential efficiency units feature oversized, front-facing Pella windows, inviting galley kitchens with quartz countertops, in-unit washers and dryers, and clean, modern finishes that create a comfortable, contemporary living environment. Historically, each residential unit has leased consistently with high demand, tenant requested lease extensions, and minimal owner vacancies!
Located in the heart of booming Fishtown, this property offers an attractive combination of proven residential rental income, commercial leasing potential, and flexibility for an owner-occupant seeking to offset expenses with its revenue stream.
Quality construction, versatile mixed-use potential, and a sought-after location make 1204 E Palmer Street a compelling opportunity in a market where well-positioned investment properties are limited in supply!
Unit 1 - $1,800 (projected) per month
Unit 2 - $1,365 per month
Unit 3 - $1,300 per month
Rent roll= $53,580
NOI = $42,500
CAP RATE = 7.00%...
Contact an agent
Home facts
- Year built:2016
- Subdivision & Development:FISHTOWN
- Listing ID #:PAPH2678864
- Added:3 day(s) ago
- Updated:October 23, 2026 at 01:40 PM
Rooms and interior
- Bedrooms:4
- Basement:Yes
- Basement Description:Fully Finished
- Living area:1,710 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:2016
- Building area:1,710 sq. ft.
- Lot area:0.01 Acres
- Architectural Style:Straight Thru
- Construction Materials:Brick, Masonry
Schools
- Elementary school:ALEXANDER ADAIRE
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$609,000
- Price per sq. ft.:$356.14
- Tax amount:$5,505 (2026)
New listings near 1204 E Palmer St
- Coming SoonOpen Thu, 5:30 to 6:30pm
$525,000Coming Soon3 beds 3 baths1,562 sq. ft.859 N Lawrence St, PHILADELPHIA, PA 19123
MLS# PAPH2681814Listed by: LPT REALTY, LLC - Coming Soon
$210,000Coming Soon3 beds 1 baths984 sq. ft.2052 Margaret St, PHILADELPHIA, PA 19124
MLS# PAPH2683682Listed by: SPRINGER REALTY GROUP - Coming Soon
$75,000Coming Soon4 beds 2 baths1,950 sq. ft.1678 Church St, PHILADELPHIA, PA 19124
MLS# PAPH2683678Listed by: COMPASS PENNSYLVANIA, LLC - Coming SoonOpen Sun, 11am to 3pm
$299,900Coming Soon3 beds 2 baths1,128 sq. ft.7702 Bradford St, PHILADELPHIA, PA 19152
MLS# PAPH2673590Listed by: COLDWELL BANKER REALTY - Coming Soon
$70,000Coming Soon-- beds 1 baths313 sq. ft.1324 Locust St #1228, PHILADELPHIA, PA 19107
MLS# PAPH2683598Listed by: BHHS FOX & ROACH-HAVERFORD - Coming Soon
$340,000Coming Soon2 beds 2 baths1,327 sq. ft.4463 Driftwood Dr #123, PHILADELPHIA, PA 19129
MLS# PAPH2682924Listed by: EXP REALTY, LLC - Coming Soon
$359,900Coming Soon3 beds 3 baths2,070 sq. ft.5244 Walton Ave, PHILADELPHIA, PA 19143
MLS# PAPH2680376Listed by: KELLER WILLIAMS REAL ESTATE-BLUE BELL - Coming Soon
$1,395,000Coming Soon3 beds 2 baths1,950 sq. ft.2113 Naudain St, PHILADELPHIA, PA 19146
MLS# PAPH2681114Listed by: COMPASS PENNSYLVANIA, LLC - Coming Soon
$469,000Coming Soon5 beds 4 baths1,818 sq. ft.2218 E Lehigh Ave, PHILADELPHIA, PA 19125
MLS# PAPH2682890Listed by: OPUS ELITE REAL ESTATE - Coming Soon
$409,900Coming Soon3 beds 3 baths1,512 sq. ft.1653 N Cadwallader St, PHILADELPHIA, PA 19122
MLS# PAPH2682910Listed by: KELLER WILLIAMS REAL ESTATE-BLUE BELL