SQUARE FEET2,864
MLS#PAPH2589954
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPHILADELPHIA CITY
Property Description
A rare opportunity to acquire a mixed-use asset in a prime location, combining immediate returns with future value creation. 6.7% cap rate with potential to exceed 8% through rent growth and value-add improvements. An exceptional mixed-use investment opportunity in the heart of Passyunk Square, offering stable in-place income with clear long-term upside. This corner property features a ground-floor commercial space positioned for a coffee concept, complemented by 3 fully leased 1-bedroom apartments above. With strong neighborhood foot traffic and proximity to East Passyunk Avenue, the asset benefits from both residential demand and commercial viability. Currently generating approximately $5,150/month, the property delivers consistent cash flow with a clear path for growth. Projected rental income of approximately $5,700–$6,000/month can be achieved through strategic rent increases, value-add improvements to the residential units, and continued commercial optimization.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Straight Thru
Lot Size: 0.03 Acres
Taxes: $6,996
Year Built: 1915
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Masonry
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
One Bedroom Units: 3
Sewer: Public Septic
Structure Type: End of Row/Townhouse
Units: 4
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Compass Pennsylvania, LLC
Agency Phone: 2674358015
Shown By
Agent Name: Homesale Realty Careers Team
Agent Phone: (800) 383-3535
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 2,420.33 per month $1,624.44 Principal & Interest $583.00 Property Tax $212.89 Homeowner's Insurance
1229 S 6th Street | MLS# PAPH2589954
This multi-family property located at 1229 S 6th Street, Philadelphia, PA 19147 is currently listed for sale with an asking price of $729,900. S 6th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.homesalecareers.com today.