1206 E PALMER ST Philadelphia, PA 19125
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,418 sqft
Price per Sqft $297
MLS Listing ID PAPH2678862
Style Straight Thru
Abv Grd Liv Area 2,418
Year Built 2016
Available Date 2026-10-20
Annual Tax Amount $7,784
Tax Year 2026
Lot Size 1,188 Sqft
Acres 0.03
Lot Dimensions 15.12' x 79.00'
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
The property features a bi-level commercial space on the ground floor, along with two residential apartments on the upper levels, each offering two bedrooms and one bathroom.
The versatile commercial space includes a lower-level kitchen, two full bathrooms, a private rear patio, and an in-unit washer and dryer. With its flexible layout, the space offers a variety of potential uses, including boutique commercial or wellness services, or conversion to a residential apartment. The former spa and wellness tenant has recently vacated, providing buyers the opportunity to take possession of the commercial space vacant or explore occupancy arrangements (subject to buyer preferences).
The two upper-level residential units feature oversized, front-facing Pella windows, inviting kitchens with quartz countertops, in-unit washers and dryers, and clean, modern finishes that create a comfortable, contemporary living environment.
Located in the heart of booming Fishtown, this property offers an attractive combination of proven residential rental income, commercial leasing potential, and flexibility for an owner-occupant seeking to offset expenses with its revenue stream.
Quality construction, versatile mixed-use potential, and a sought-after location make 1206 E Palmer Street a compelling opportunity in a market where well-positioned investment properties remain limited in demand. A must-see for investors and owner-occupants alike!
Unit 1 - $2,250 (projected) per month
Unit 2 - $1,700 + $30 water per month
Unit 3 - $1,700 + $30 water per month
Rent roll= $68,520
NOI = $54,800
CAP RATE = 7.62%
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning CMX2
Rooms
Basement Fully Finished
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 2418
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Adaire Alexander
School District Philadelphia City
Others
Tax ID 871095245
Ownership Fee Simple
SqFt Source 2418
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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