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Sold for $2,575,000
  • $2,575,000

    1121 Walnut St, Philadelphia, PA 19107

    6beds
    --baths
    6,076sqft
    Townhouse
    Built in 1900
    -- sqft lot
    $2,575,300 Zestimate®
    $424/sqft
    $3,233 Estimated rent

    Home value

    $2,575,300

    $2.45M - $2.70M

    $3,233/mo

    Zestimate® history
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    Owner options

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    $3,233/mo

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    $3,233/mo

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    $15,770/mo

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    $15,770/mo

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    What's special

    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Bruno Pouget 215-990-9525,

    Compass RE,

    Co-Listing Agent: Brett Caspi 516-633-6106,

    Compass RE

    Bought with:

    Jayna Zoeiro

    KW Empower

    Noah Ostroff, RS308424

    KW Empower

    Source: Bright MLS,MLS#: PAPH2559208MLS Logo

    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 sqft
    • 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 & neighborhood

    Location
    • Region: Philadelphia
    • Municipality: PHILADELPHIA

    HOA & financial

    Other financial information
    • Total actual rent: 243503

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Income includes: Apartment Rentals, Other
    • Listing terms: Cash,Conventional,1031 Exchange,Private Financing Available
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    4/16/2026Sold$2,575,000-10.4%$424/sqft
    Source: Bright MLS #PAPH2559208 Report a problem
    4/1/2026Pending sale$2,875,000$473/sqft
    Source: Bright MLS #PAPH2559208 Report a problem
    2/1/2026Contingent$2,875,000$473/sqft
    Source: Bright MLS #PAPH2559208 Report a problem
    11/20/2025Listed for sale$2,875,000+576.5%$473/sqft
    Source: Bright MLS #PAPH2559208 Report a problem
    9/19/2000Sold$425,000$70/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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
    2022$19,137 --
    2021$19,137 +1%--
    2018$18,948 +168%--
    2017$7,071 -61.6%--
    2016$18,396 -1.7%--
    2015$18,711 --
    2014$18,711 $1,336,700

    Find assessor info on the county website

    Neighborhood: Washington Square

    Nearby schools

    GreatSchools rating
    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.

    Get a cash offer in 3 minutes
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    Estimated market value
    $2,575,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,575,300