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$ 745,000
Est. payment | /mo
1,280 Sqft Lot
$ 745,000
Est. payment | /mo
1,280 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 1,280 Sqft
MLS Listing ID PAPH2600914
Subdivision Passyunk Square
Total Units 4
Short Sale No
Originating MLS BRIGHT
Property Description
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.
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.
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
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Building
New Construction N
Foundation Other
Lot Dimensions 16.00 x 80.00
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax Amount $6,996
Tax Year 2025
Tax ID 871038400
Ownership Fee Simple
Special Sale Standard
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Listed by Amira Coleman • Compass Pennsylvania, LLC
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Robert Lucido
Advisor | yjnn 4444789