1229 S 6TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19147
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Passyunk Square
MLS Listing ID PAPH2552474
Year Built 1915
Annual Tax Amount $6,996
Tax Year 2025
Lot Size 1,280 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Exterior
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Special Listing Condition Standard