$ 525,000
-
$525,000
Price -
0
Bed -
0
Bath -
2,715
SqFt
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About the Listing KWEMPWR - 3156290
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 9% cap rate, so you generate income on day one. 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 residential units, Rental License, Fire Alarm Certificate, and leases will be provided upon successful offer for the Buyer’s review. Located just steps from Girard Avenue and a few blocks from the shops and restaurants at the Piazza and along Frankford Avenue and Front Street. Convenient access to the Market-Frankford Line for an easy commute to Center City and beyond, this high-visibility location continues to attract entrepreneurs and renters alike, making it an exceptional opportunity for investors seeking immediate cash flow with long-term upside. Unit breakdown: 1st Floor Commercial Unit $700/mo (M2M); 1st Floor Rear Studio $995/mo (M2M); 2nd Floor One Bedroom $1200 (M2M); 3rd Floor One Bedroom $1437 (thru 6/30/2026).
Listing Highlights
Status
Active
Days on Site
24
Property Type
Commercial Sale
MLS ®
PAPH2587216
Year Built
1915
Total Square Footage
2,715
Lot/Acreage
0.03
County
Philadelphia
Neighborhood
Northern Liberties
Area
19122 (19122)
School District
The School District Of Philadelphia
Elementary School
James R. Ludlow
Middle School
James R. Ludlow
High School
Penn Treaty
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Hot Water,Radiator
- Fireplaces:
- Floor: Wood,Ceramic Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 17.00 x 78.00
- Zoning: Mixed-use (1 Commerical Unit and 3 Residential Units)
- Roof:
- Others: Average
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $4,774
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1206 N 5th St Philadelphia, PA 19122
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