$ 745,000
-
$745,000
Price -
3
Bed -
0
Bath -
2,864
SqFt
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About the Listing COMPASS1 - 3296245
1229 S 6th Street presents a prime mixed-use investment opportunity in Philadelphia’s highly sought-after Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space and three fully occupied 1-bedroom/1-bath residential units above, generating approximately $61,800 in current annual income (6.6% cap rate) following after rent increases that take effect April 1. The ground-floor commercial storefront offers strong visibility and steady tenancy. Each residential unit is separately metered and features updated kitchens and baths, hardwood floors, and a consistent rental history, making this a stable, income-producing asset. Zoned CMX-2, the property allows for flexible mixed-use occupancy and long-term value appreciation. Located just steps from East Passyunk Avenue’s renowned restaurants, cafés, and boutique retail, and within minutes of Center City, public transit, and major highways, 1229 S 6th Street offers investors a turnkey asset in one of Philadelphia’s most desirable and walkable neighborhoods with strong, recently increased rental income and long-term upside potential.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
PAPH2589954
Year Built
1915
Total Square Footage
2,864
Lot/Acreage
0.03
Interior Details
- Bedrooms: 3
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2864
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 16.00 x 80.00
- Zoning: CMX1
- Roof:
- Others:
- Sewer: Public Septic
- Parking Features: On Street
Financial Details
- Tax Amount: $6,996
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1229 S 6th St Philadelphia, PA 19147
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