An extraordinary investment opportunity awaits at 1121 Walnut Street—an impeccably renovated, fully occupied mixed-use property in the vibrant heart of Midtown Philadelphia. This premier CMX5-zoned asset features two 2-bed/2-bath residences, two 1-bed/1-bath residences, and a stabilized retail space, all situated within one of the city’s fastest-growing districts. Surrounded by luxury development, world-class hospitality, major medical institutions, and the bustling Convention Center, the property occupies a prime position at the center of Philadelphia’s continued urban renaissance. Designed for both immediate performance and long-term potential, this dynamic building blends modern residential living with established commercial tenancy. Four stylish, professionally reimagined apartments rise above a flagship restaurant tenant anchoring the ground floor, creating a balanced and dependable income stream. With a cap rate above 7% and full occupancy, the property offers turnkey stability alongside impressive upside through its CMX5 zoning—accommodating future vertical expansion, repositioning, or complete redevelopment. Investment advantages include the security of long-term tenants, the strength of diversified residential and commercial income, the appeal of newly renovated units with strong rental demand, and the rare flexibility afforded by CMX5 designation. Its unbeatable location—steps from premier dining, retail, cultural institutions, arts venues, multiple transit lines, Jefferson Hospital, and the Convention Center—positions this asset at the epicenter of convenience and continued appreciation. Owner financing is also available, offering an exceptional advantage for qualified buyers. Whether you are a seasoned investor seeking reliable, high-yield performance or a visionary buyer looking to capitalize on Midtown’s explosive momentum, 1121 Walnut Street represents a rare opportunity to anchor yourself in Philadelphia’s most exciting corridor of growth. This offering is more than an acquisition—it is a strategic foothold in the city’s next era of transformation. Review attached Pro Forma provided for financial details
For sale
$2,875,000
1121 Walnut St, Philadelphia, PA 19107
6beds
--baths
6,076sqft
Est.:
Townhouse
Built in 1900
-- sqft lot
$2,620,600 Zestimate®
$473/sqft
$-- HOA
What's special
Stabilized retail spaceStylish professionally reimagined apartments
- 54 days |
- 784 |
- 17 |
Zillow last checked: 8 hours ago
Listing updated: December 22, 2025 at 10:54am
Listed by:
Bruno Pouget 215-990-9525,
Compass RE 2674358015,
Co-Listing Agent: Brett Caspi 516-633-6106,
Compass RE
Source: Bright MLS,MLS#: PAPH2559208
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 0
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Number of fireplaces: 2
Interior area
- Total structure area: 6,076
- Total interior livable area: 6,076 sqft
Property
Parking
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Other, Other Bath Mod, Mobility Improvements, Accessible Entrance, 2+ Access Exits
Features
- Pool features: None
Lot
- Size: 2,793 Square Feet
- Dimensions: 21.00 x 133.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 871011000
- Zoning: CMX5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Stone, Other
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 200+ Amp Service, 3 Phases, Other
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $473/sqft
- Tax assessed value: $1,425,600
- Annual tax amount: $19,955
- Date on market: 11/20/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,1031 Exchange,Private Financing Available
- Ownership: Fee Simple
- Total actual rent: 243503
- Income includes: Apartment Rentals, Other
Estimated market value
$2,620,600
$2.49M - $2.75M
$2,210/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Listed for sale | $2,875,000+576.5%$473/sqft |
Source: | ||
| 9/19/2000 | Sold | $425,000$70/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $19,956 -3.9% | $1,425,600 -3.9% |
| 2024 | $20,763 | $1,483,300 |
| 2023 | $20,763 +8.5% | $1,483,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$17,405/mo
Principal & interest
$14147
Property taxes
$2252
Home insurance
$1006
Climate risks
Neighborhood: Washington Square
Nearby schools
GreatSchools rating
- 8/10McCall Gen George A SchoolGrades: K-8Distance: 0.5 mi
- 2/10Franklin Benjamin High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading
- Loading








