229 RACE ST, Philadelphia, PA 19106
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229 RACE ST, Philadelphia, PA 19106
229 RACE ST, Philadelphia, PA 19106
229 RACE ST, Philadelphia, PA 19106
229 RACE ST, Philadelphia, PA 19106
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Jaimee Solar

Jaimee Solar

+1(856) 266-4605
Listed by Nancy Alperin • MAXWELL REALTY COMPANY
$ 1,099,999
Est. payment /mo
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Price Dropped by $75K

229 RACE ST Philadelphia, PA 19106

1,634 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Old City

MLS Listing ID PAPH2648166

Year Built 1850

Annual Tax Amount $22,228

Tax Year 2025

Lot Size 1,634 Sqft

Acres 0.04

Lot Dimensions 19.00 x 86.00

Property Sub-Type Other

Source BRIGHT

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.

Location

State PA

County Philadelphia

Area 19106 (19106)

Zoning CMX3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 052201000

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Jaimee Solar

Jaimee Solar

REALTOR® NJ 1865255 | PA RS342342

+1(856) 266-4605

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229 RACE ST