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Philadelphia,PA 19102
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2554488
Year Built 1890
Annual Tax Amount $16,051
Tax Year 2025
Lot Size 2,600 Sqft
Acres 0.06
Lot Dimensions 20.00 x 130.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Rare Investment Opportunity in Rittenhouse Square
Exceptional chance to own a historically zoned multi-family property in one of Philadelphia's most coveted neighborhoods. This legal six-unit building offers the potential for a seventh unit with a variance, presenting an excellent value-add opportunity for investors.
Currently, two units are tenant-occupied, allowing flexibility for renovation or lease-up strategies. The property showcases timeless architectural details, including 20-foot ceilings on the first floor, original crown moldings, and 8-inch wainscoting along the hallways.
The building's layout includes:
First Floor: Front one-bedroom and rear two-bedroom apartments
Second Floor: Rear one-bedroom with private patio and front one-bedroom apartment
Third Floor: Rear duplex with deck and front one-bedroom apartment
Fourth Floor: Full-floor one-bedroom apartment
Additional highlights include a fenced parking space at the rear of the property.
A rare find in Rittenhouse Square—ideal for investors seeking long-term appreciation, value-add potential, and prime Center City location.
Location
State PA
County Philadelphia
Area 19102 (19102)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Window Unit(s)
Heat Source Natural Gas Available
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Foundation Stone
Sewer Public Septic
Water Public Hook-up Available
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881530000
Ownership Fee Simple
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard,Third Party Approval