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1206 E Palmer St , Philadelphia, PA 19125
$719,000
Est. Payment: $3,884.16/mo
7 Bed
4 Bath
2418 Sqft
0.03 Acres
Status: active | Days on site: 11
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CBPREOC - 3319451
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House Description

Presenting an exceptional investment or owner-occupant opportunity in the heart of Fishtown. 1206 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 with strong rental income, and flexibility under CMX-2 commercial mixed-use zoning. 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 - $2,400 (projected) per month Unit 2 - $1,700 + $35 water per month Unit 3 - $1,700 + $35 water per month Rent roll= $70,440 NOI = $54,590 CAP RATE = 7.60%

Highlights

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

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

2016

County

Philadelphia

Area

19125 (19125)

School District

Philadelphia City

Listing ID

PAPH2678862

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:4
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:2418
Basement:Fully Finished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:15.12' x 79.00'
Zoning:CMX2
Sewer:Public Sewer
Principal Interest
$3,884
Taxes
$649

Home Price

$719,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$143,800
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:
$3,884.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,884.16 $648.67 $0.00 $4,532.83
Yearly $46,609.95 $7,784.00 $0.00 $54,393.95
Total $1,398,298.48 $233,520.00 $0.00 $1,631,818.48
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