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Listed by Nancy Alperin • MAXWELL REALTY COMPANY
$1,099,999
Est. payment /mo
1,634 Sqft Lot
Price Dropped by $75K
229 RACE ST Philadelphia, PA 19106
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Additional details
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Old City
MLS Listing ID PAPH2648166
Year Built 1850
Annual Tax Amount $22,228
Tax Year 2025
Lot Size 1,634 Sqft
Acres 0.04
Lot Dimensions 19.00 x 86.00
Property Sub-Type Other
Source BRIGHT
Property Description
Exceptional INCOME-PRODUCING multi-family opportunity in the heart of historic OLD CITY. This BEAUTIFULLY RESTORED FOUR-STORY DUPLEX features two spacious residences under one roof and generates over $80,000 in annual rental income, making it an outstanding investment or future owner-occupant opportunity. Rich in historic character, the property showcases exposed brick walls, wide-plank hardwood floors, restored original details, decorative fireplaces, custom tile work, soaring 11-foot ceilings on the second floor, and updated kitchens and baths throughout. The first-floor bi-level residence offers approximately 2,000 square feet with a spacious open living area, custom kitchen with granite countertops and stainless steel appliances, one bedroom and full bath on the main level, a fully finished lower level with additional flex space ideal for a bedroom, office, gym or recreation room, laundry, abundant storage, and a private rear patio. The upper residence spans the second through fourth floors and features an OPEN LOFT-STYLE LAYOUT with hardwood floors, wood plank ceilings, a large eat-in kitchen, two bedrooms plus a flexible loft space, one full and a half bath, in-unit laundry, central air, generous closet space, and it's own private fenced patio. Located in the heart of Old City. This location offers easy access to I-95, I-676, Route 76, Center City, Penn's Landing, Race Street Pier, Spruce Street Harbor Park, Jefferson, Cooper, and Pennsylvania Hospitals, acclaimed restaurants, boutiques, galleries, coffee shops, neighborhood markets, and Philadelphia's most iconic historic landmarks. A rare opportunity to own a TURNKEY INVESTMENT property in one of the city's most desirable and consistently high-demand neighborhoods.
Location
State PA
County Philadelphia
Area 19106 (19106)
Zoning CMX3
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 052201000
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
