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sales rep | Brivity IDX

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229 Race St , Philadelphia, PA 19106
$1,099,999
Est. Payment: $5,942.38/mo
4 Bed
3 Bath
3493 Sqft
0.04 Acres
Status: active | Days on site: 115
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MAXWELL - 3144937
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House 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.

Highlights

Listed by Nancy L Alperin , 2156200099 MAXWELL REALTY COMPANY , 2155466000. Bright MLS

Property Type

Townhome

Lot/Acreage
0.04

Year Built

1850

County

Philadelphia

Area

19106 (19106)

Neighborhood

Old City

School District

Philadelphia City

Listing ID

PAPH2645586

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:2
  • ▪ 1/2 Bathrooms:1
Air Cond:Central A/C
Fireplaces:1 Fireplace
Above Ground Sq Ft:3105
Below Ground Sq Ft:388
Basement:Full,Fully Finished
Other:
  • ▪ Main Floor Bedrooms:4
  • ▪ Additional: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
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:19.00 x 86.00
Zoning:CMX3
Others:
  • ▪ Additional:Bump-outs, Exterior Lighting, Sidewalks, Street Lights
Sewer:Public Sewer
Principal Interest
$5,942
Taxes
$1,852

Home Price

$1,099,999

Loan Details

30 yrs
7.148%

Down Payment

20%
$220,000
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:
$5,942.38

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,942.38 $1,852.33 $0.00 $7,794.72
Yearly $71,308.62 $22,228.00 $0.00 $93,536.62
Total $2,139,258.60 $666,840.00 $0.00 $2,806,098.60
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: 2026-11-14T05:05:10.000Z

© 2026 Bright MLS