1229 S 6th St, Philadelphia, PA 19147

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Premier
1229 S 6th St,Philadelphia, PA 19147
$715,000
  • 3 Beds
  • - Baths
  • 2,864 sq. ft.
  • Multi-family
  • Active
Listed by: amira coleman
Office: compass pennsylvania, llc.
MLS#:PAPH2589954
Source:BRIGHTMLS

Price summary

  • Price:$715,000
  • Price per sq. ft.:$249.65

About this home

A rare opportunity to acquire a mixed-use asset in a prime location, combining immediate returns with future value creation. 6.7% cap rate with potential to exceed 8% through rent growth and value-add improvements. An exceptional mixed-use investment opportunity in the heart of Passyunk Square, offering stable in-place income with clear long-term upside. This corner property features a ground-floor commercial space positioned for a coffee concept, complemented by 3 fully leased 1-bedroom apartments above. With strong neighborhood foot traffic and proximity to East Passyunk Avenue, the asset benefits from both residential demand and commercial viability. Currently generating approximately $5,150/month, the property delivers consistent cash flow with a clear path for growth. Projected rental income of approximately $5,700–$6,000/month can be achieved through strategic rent increases, value-add improvements to the residential units, and continued commercial optimization.

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Home facts

  • Year built:1915
  • Listing ID #:PAPH2589954
  • Added:246 day(s) ago
  • Updated:July 03, 2026 at 02:22 PM

Rooms and interior

  • Bedrooms:3
  • Living area:2,864 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1915
  • Building area:2,864 sq. ft.
  • Lot area:0.03 Acres
  • Architectural Style:Straight Thru
  • Construction Materials:Masonry

Utilities

  • Water:Public
  • Sewer:Public Septic

Finances and disclosures

  • Price:$715,000
  • Price per sq. ft.:$249.65
  • Tax amount:$6,996 (2025)

Parking

  • Parking description:On Street

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