1206 N 5th St, Philadelphia, PA 19122

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
1206 N 5th St,Philadelphia, PA 19122
$450,000
  • 2 Beds
  • - Baths
  • 2,715 sq. ft.
  • Multi-family
  • Active
Listed by: stacy l sanseverino
Office: kw empower
MLS#:PAPH2586360
Source:BRIGHTMLS

Price summary

  • Price:$450,000
  • Price per sq. ft.:$165.75

About this home

1206 N 5th Street is a fully occupied, income-producing 4-unit mixed-use building in the heart of the thriving Northern Liberties/Olde Kensington corridor, featuring 1 commercial storefront, 1 studio apartment, and 2 one-bedroom units, plus a shared outdoor space and basement with common laundry. All utilities are separately metered, except water and those powering the laundry, helping to control operating expenses. The property offers a strong 10.5% cap rate, so you generate income on day one. The new price reflects some capital improvements that are needed to sustain the building for the next 100 years! All leases are currently month-to-month, providing flexibility to renovate and increase rents as units turn over or to pursue owner-occupancy if desired. The residential units offer enormous ceilings and excellent natural light, and the commercial space features a traditional storefront façade without the burden of a historical designation. Lead-Safe Certificates for all three...

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Home facts

  • Year built:1915
  • Listing ID #:PAPH2586360
  • Added:1165 day(s) ago
  • Updated:June 09, 2026 at 10:20 AM

Rooms and interior

  • Bedrooms:2
  • Flooring:Ceramic Tile, Wood
  • Living area:2,715 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Hot Water, Natural Gas, Radiator

Structure and exterior

  • Year built:1915
  • Building area:2,715 sq. ft.
  • Lot area:0.03 Acres
  • Architectural Style:Traditional
  • Construction Materials:Masonry
  • Foundation Description:Stone

Schools

  • High school:PENN TREATY
  • Middle school:JAMES R. LUDLOW
  • Elementary school:JAMES R. LUDLOW

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$450,000
  • Price per sq. ft.:$165.75
  • Tax amount:$4,774 (2026)

Parking

  • Parking description:On Street

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