A rare opportunity to acquire a mixed-use asset in a prime location, combining immediate returns with future value creation. 6.7% cap rate with potential to exceed 8% through rent growth and value-add improvements. An exceptional mixed-use investment opportunity in the heart of Passyunk Square, offering stable in-place income with clear long-term upside. This corner property features a ground-floor commercial space positioned for a coffee concept, complemented by 3 fully leased 1-bedroom apartments above. With strong neighborhood foot traffic and proximity to East Passyunk Avenue, the asset benefits from both residential demand and commercial viability. Currently generating approximately $5,150/month, the property delivers consistent cash flow with a clear path for growth. Projected rental income of approximately $5,700–$6,000/month can be achieved through strategic rent increases, value-add improvements to the residential units, and continued commercial optimization.
For sale
Price cut: $14.9K (6/9)
$715,000
1229 S 6th St, Philadelphia, PA 19147
3beds
3baths
2,864sqft
Townhouse
Built in 1915
-- sqft lot
$703,300 Zestimate®
$250/sqft
$-- HOA
What's special
Ground-floor commercial spaceCorner property
- 121 days |
- 374 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Amira Coleman 267-334-0686,
Compass RE 2674358015
Source: Bright MLS,MLS#: PAPH2589954
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Natural Gas
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 2,864
- Total interior livable area: 2,864 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 1,280 Square Feet
- Dimensions: 16.00 x 80.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 871038400
- Zoning: CMX1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Straight Thru
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Other
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Septic
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $250/sqft
- Tax assessed value: $499,800
- Annual tax amount: $6,996
- Date on market: 3/4/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
- Total actual rent: 61800
Estimated market value
$703,300
$668,000 - $738,000
$2,576/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2026 | Price change | $715,000-2%$250/sqft |
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| 4/22/2026 | Price change | $729,900-2%$255/sqft |
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| 3/4/2026 | Listed for sale | $745,000$260/sqft |
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| 12/29/2025 | Listing removed | $745,000$260/sqft |
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| 10/30/2025 | Listed for sale | $745,000+2.2%$260/sqft |
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| 9/9/2025 | Listing removed | $729,000$255/sqft |
Source: | ||
| 8/16/2025 | Price change | $729,000-2.8%$255/sqft |
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| 7/27/2025 | Listed for sale | $750,000$262/sqft |
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| 6/4/2025 | Listing removed | $750,000$262/sqft |
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| 4/19/2025 | Price change | $750,000+3.4%$262/sqft |
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| 2/2/2025 | Listed for sale | $725,000-13.6%$253/sqft |
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| 2/22/2023 | Listing removed | $838,900$293/sqft |
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| 1/8/2023 | Price change | $838,9000%$293/sqft |
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| 10/13/2022 | Price change | $839,000-0.1%$293/sqft |
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| 10/6/2022 | Price change | $839,900-0.6%$293/sqft |
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| 9/9/2022 | Price change | $844,900-0.5%$295/sqft |
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| 7/8/2022 | Price change | $848,900-0.1%$296/sqft |
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| 6/4/2022 | Listed for sale | $849,999$297/sqft |
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| 5/17/2022 | Listing removed | $849,999$297/sqft |
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| 4/14/2022 | Listed for sale | $849,999+5%$297/sqft |
Source: | ||
| 1/13/2021 | Listing removed | -- |
Source: | ||
| 1/8/2021 | Price change | $809,900-0.6%$283/sqft |
Source: RE/MAX Affiliates #PAPH950280 Report a problem | ||
| 10/29/2020 | Listed for sale | $815,000+15.6%$285/sqft |
Source: RE/MAX Affiliates #PAPH950280 Report a problem | ||
| 9/20/2020 | Listing removed | $1,150 |
Source: Owner Report a problem | ||
| 9/15/2020 | Listed for rent | $1,150 |
Source: Owner Report a problem | ||
| 6/12/2019 | Sold | $705,000+151.8%$246/sqft |
Source: Public Record Report a problem | ||
| 4/28/2017 | Sold | $280,000+600%$98/sqft |
Source: Public Record Report a problem | ||
| 10/4/1996 | Sold | $40,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,996 +39.8% | $499,800 +39.8% |
| 2024 | $5,003 | $357,400 |
| 2023 | $5,003 -0.1% | $357,400 |
| 2022 | $5,008 | -- |
| 2021 | $5,008 +1% | -- |
| 2018 | $4,959 | -- |
| 2017 | $4,959 +26.5% | -- |
| 2016 | $3,919 -9.4% | -- |
| 2015 | $4,327 | -- |
| 2014 | $4,327 | $309,100 +2872.1% |
| 2000 | -- | $10,400 +1.6% |
| 1999 | -- | $10,240 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Dickinson Narrows
Nearby schools
GreatSchools rating
- 6/10Vare-Washington Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 2/10Furness Horace High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: Philadelphia City
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.







