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About This Home
This 0-bedroom, 0-bathroom other at 1229 S 6TH Street in PHILADELPHIA, PA is listed for $745,000. Built in 1915, on a 0.03 acres lot.
1229 S 6th Street presents a prime mixed-use investment opportunity in Philadelphia's highly sought-after Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space and three fully occupied 1-bedroom/1-bath residential units above, generating approximately $61,800 in current annual income (6.6% cap rate) following after rent increases that take effect April 1.
The ground-floor commercial storefront offers strong visibility and steady tenancy. Each residential unit is separately metered and features updated kitchens and baths, hardwood floors, and a consistent rental history, making this a stable, income-producing asset.
Zoned CMX-2, the property allows for flexible mixed-use occupancy and long-term value appreciation. Located just steps from East Passyunk Avenue's renowned restaurants, cafes, and boutique retail, and within minutes of Center City, public transit, and major highways, 1229 S 6th Street offers investors a turnkey asset in one of Philadelphia's most desirable and walkable neighborhoods with strong, recently increased rental income and long-term upside potential.
Key Features
- Built in 1915
- 0.03 acre lot
Property Details
Amenities
Monthly Cost Estimate
$3,984/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1229 S 6TH Street
PHILADELPHIA, PA 19147
PASSYUNK SQUARE
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom other at 1229 S 6TH Street is listed at $745,000. The estimated monthly payment is $3,228 based on 20% down at 6.5% interest.
Key features include: Built in 1915, 0.03 acre lot.
This property is listed by Amira Coleman and can be reached at 2673340686 or amiracoleman@compass.com.