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sales rep | Brivity IDX

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1204 E Palmer St , Philadelphia, PA 19125
$579,000
Est. Payment: $3,127.86/mo
4 Bed
4 Bath
1710 Sqft
0.01 Acres
Status: active | Days on site: 22
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CBPREOC - 3319451
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House Description

Price Improvement on 3-unit mixed-use building in Fishtown! Presenting an exceptional investment or owner-occupant opportunity in the heart of Fishtown. 1204 E Palmer Street is a well-crafted, three-unit mixed-use property built in 2017, offering a compelling combination of modern finishes, consistent tenant demand and strong rental income, with end-user flexibility under CMX-2 commercial mixed-use zoning allowances. The property features a bi-level commercial space on the ground floor, along with two well appointed residential efficiency apartments on the upper levels, each offering one bedroom and one bathroom. With its versatile layout, the commercial space offers a variety of potential uses, including boutique commercial or wellness services, or conversion to a residential apartment with a simple kitchen conversion. The two upper-level residential efficiency units feature oversized, front-facing Pella windows, inviting galley kitchens with quartz countertops, in-unit washers and dryers, and clean, modern finishes that create a comfortable, contemporary living environment. Historically, each residential unit has leased consistently with high demand, tenant requested lease extensions, and minimal owner vacancies! 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 1204 E Palmer Street a compelling opportunity in a market where well-positioned investment properties are limited in supply! Unit 1 - $1,800 (projected) per month Unit 2 - $1,365 per month Unit 3 - $1,300 per month Rent roll= $53,580 NOI = $42,500 CAP RATE = 7.00%

Highlights

Listed by Benjamin Katz , 2152609337 Coldwell Banker Realty , 2159237600. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.01

Year Built

2016

County

Philadelphia

Area

19125 (19125)

Neighborhood

Fishtown

School District

Philadelphia City

Listing ID

PAPH2678864

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:1710
Basement:Fully Finished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:14.25' x 40.00'
Zoning:CMX2
Sewer:Public Sewer
Principal Interest
$3,128
Taxes
$459

Home Price

$579,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$115,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,127.86

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,127.86 $458.75 $0.00 $3,586.61
Yearly $37,534.30 $5,505.00 $0.00 $43,039.30
Total $1,126,028.96 $165,150.00 $0.00 $1,291,178.96
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS