MLS#PAPH2648166
STATUSACTIVE
PROPERTY TYPECommercial - Business
SUBDIVISIONOLD CITY
SCHOOLPHILADELPHIA CITY
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.
Property Features
Property Type: Commercial - Business
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Hot Water
Lot Size: 0.04 Acres
Taxes: $22,228
Year Built: 1850
Feature Descriptions
Days on Site: 1
Exterior: Masonry
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 4
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: MAXWELL REALTY COMPANY
Agency Phone: 2155466000
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
229 Race Street | MLS# PAPH2648166
This commercial property located at 229 Race Street , Philadelphia, PA 19106 is currently listed for sale with an asking price of $1,250,000. Race Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.