549 N 12th St, Philadelphia, PA 19123
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
549 N 12th St,Philadelphia, PA 19123
$549,900
- 1 Beds
- - Baths
- 2,441 sq. ft.
- Multi-family
- Active
Listed by: eli qarkaxhia, mark weinberg
Office: compass pennsylvania, llc.
MLS#:PAPH2557172
Source:BRIGHTMLS
Price summary
- Price:$549,900
- Price per sq. ft.:$225.28
About this home
Discover an incredible opportunity in the heart of Spring Garden with this mixed-use property—perfect for investors or owner-occupants looking to make their mark. The property features a commercial space, most recently used as a restaurant, on the main level and a large one-bedroom apartment above, which will soon be available for rent.
The commercial space offers a versatile footprint with existing electrical infrastructure and restaurant framework in place—ready for a full build-out or renovation to suit your needs.
Currently, the commercial space is occupied by a tenant on a month-to-month lease, paying $4,000 per month and covering approximately 80% of the property’s expenses, including taxes and utilities. The tenant can remain in place for steady investment income or vacate for an end user’s immediate use.
An optional liquor license is also available for purchase, offered separately at $150,000—providing an excellent value for anyone looking to operate a restaurant, bar, or café.
The seller is open to selling the property as-is or completing a custom build-out for the right buyer, subject to the extent of the project/terms.
Whether you’re seeking an income-generating investment or an inviting opportunity to bring your business vision to life, this property offers flexibility, prime positioning, and long-term potential.
Contact an agent
Home facts
- Year built:1920
- Listing ID #:PAPH2557172
- Added:7 day(s) ago
- Updated:November 15, 2025 at 03:47 PM
Rooms and interior
- Bedrooms:1
- Living area:2,441 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Flat
- Year built:1920
- Building area:2,441 sq. ft.
- Lot area:0.02 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$549,900
- Price per sq. ft.:$225.28
- Tax amount:$4,913 (2025)
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