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Listed by Amira Coleman • Compass Pennsylvania, LLC
$ 745,000
Est. payment /mo
New
1229 S 6TH ST Philadelphia, PA 19147
1,280 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Passyunk Square
MLS Listing ID PAPH2552474
Year Built 1915
Annual Tax Amount $6,996
Tax Year 2025
Lot Size 1,280 Sqft
Acres 0.03
Lot Dimensions 16.00 x 80.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Welcome to 1229 S 6th Street – a prime mixed-use investment in Philadelphia's desirable Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space with three fully occupied 1-bedroom/1-bath apartments above, offering a 7% cap rate with potential to reach 8%+ through rent increases or new tenants.
The commercial storefront provides excellent visibility and foot traffic, currently operating as a dentist's office. Each apartment is separately metered and features updated kitchens and baths, hardwood floors, and strong rental history.
Zoned CMX-2, the property allows for flexible use and future redevelopment. Located steps from Passyunk Avenue's top restaurants, cafés, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
The commercial storefront provides excellent visibility and foot traffic, currently operating as a dentist's office. Each apartment is separately metered and features updated kitchens and baths, hardwood floors, and strong rental history.
Zoned CMX-2, the property allows for flexible use and future redevelopment. Located steps from Passyunk Avenue's top restaurants, cafés, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871038400
Ownership Fee Simple
Special Listing Condition Standard
