Welcome to 1229 S 6th Street – a prime mixed-use investment in Philadelphia’s desirable Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space with three fully occupied 1-bedroom/1-bath apartments above, offering a 7% cap rate with potential to reach 8%+ through rent increases or new tenants. The commercial storefront provides excellent visibility and foot traffic, currently operating as a dentist's office. Each apartment is separately metered and features updated kitchens and baths, hardwood floors, and strong rental history. Zoned CMX-2, the property allows for flexible use and future redevelopment. Located steps from Passyunk Avenue’s top restaurants, cafés, and shops, and minutes from Center City and I-95, this is a turnkey, income-producing property with strong upside potential.
For sale
$745,000
1229 S 6th St, Philadelphia, PA 19147
3beds
--baths
2,864sqft
Est.:
Townhouse
Built in 1915
-- sqft lot
$724,800 Zestimate®
$260/sqft
$-- HOA
What's special
Ground-floor commercial spaceCommercial storefrontUpdated kitchens and bathsHardwood floorsCorner property
- 13 days |
- 238 |
- 3 |
Likely to sell faster than
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