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229 Race Street, Philadelphia, PA 19106

$1,250,000
  • 229 Race Street, Philadelphia, PA 19106 Main Photo

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ACTIVE
BEDS4 BATHS2 full 1 partial SQUARE FEET3,493 MLS#PAPH2645586
STATUSACTIVE PROPERTY TYPEResidential - Townhouse SUBDIVISIONOLD CITY SCHOOLPHILADELPHIA CITY

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.

229 Race Street | MLS# PAPH2645586

This townhouse located at 229 Race Street, Philadelphia, PA 19106 is currently listed for sale with an asking price of $1,250,000. This property was built in 1850 and has 4 bedrooms and 2 full and 1 partial baths with 3493 sq. ft. Race Street is located in the OLD CITY subdivision within the PHILADELPHIA CITY school district. Search OLD CITY real estate on www.duffyrealestate.com today.

Property Features

Property Type: Residential - Townhouse
Basement: Full, Fully Finished
Basement: Yes
Cooling: Central A/C
Fireplaces: 1
Fuel Type: Natural Gas
Heating: Hot Water
Lot Size: 0.04 Acres
Stories: 4.0
Taxes: $22,228
Year Built: 1850

Feature Descriptions

Additional Structures: Above Grade, Below Grade
Days on Site: 9
Exterior: Bump-outs, Exterior Lighting, Sidewalks, Street Lights
Exterior: Masonry
Interior: 2nd Kitchen, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Exposed Beams, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Walk-in Closet(s), Wood Floors
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Parking Notes: 0 Total Parking Spaces
Sewer: Public Sewer
SQFT Above Finished: 3105
SQFT Below Finished: 388
SQFT Total Finished: 3493
Structure Type: Interior Row/Townhouse
Total Garage/Parking Spaces: 0
Water: Public

Local Schools

School District: PHILADELPHIA CITY

Listed By / Shown By

Listed By

Agency Name: MAXWELL REALTY COMPANY
Agency Phone: 2155466000

Shown By

Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655

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Estimated Payment

$ 8,212.42 per month $5,995.51 Principal & Interest $1,852.33 Property Tax $364.58 Homeowner's Insurance

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