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For sale
    • Price cut: $75K (8/27)
    $1,099,999

    229 Race St, Philadelphia, PA 19106

    4beds
    3,493sqft
    : 
    $7,084/mo
    Get pre-qualified
    Townhouse
    Built in 1850
    1,634 Square Feet Lot
    $1,074,200 Zestimate®
    $315/sqft
    $-- HOA

    What's special

    Beautifully restored four-story duplexPrivate rear patioRestored original detailsOpen loft-style layoutCustom tile workIn-unit laundryPrivate fenced patio
    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.
    99 days
    476
    20

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Nancy Alperin 215-620-0099,

    MAXWELL REALTY COMPANY (215) 546-6000

    Source: Bright MLS,MLS#: PAPH2645586MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bathrooms: 3
      • Main level bedrooms: 4
      Basement
      • Area: 388
      Heating
      • Hot Water, Natural Gas
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Gas Water Heater
      • Laundry: Dryer In Unit, Has Laundry, Hookup, Washer In Unit
      Features
      • 2nd Kitchen, Breakfast Area, Built-in Features, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Exposed Beams, Open Floorplan, Floor Plan - Traditional, Eat-in Kitchen, Kitchen - Gourmet, Kitchen Island, Recessed Lighting, Walk-In Closet(s)
      • Flooring: Wood
      • Basement: Full,Finished
      • Number of fireplaces: 1
      Interior area
      • Total structure area: 3,493
      • Total interior livable area: 3,493 sqft
      • Finished area above ground: 3,105
      • Finished area below ground: 388

      Property

      Parking
      • Parking features: None
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Four
      • Stories: 4
      • Patio & porch: Breezeway, Patio, Porch
      • Exterior features: Bump-outs, Lighting, Sidewalks, Street Lights, Balcony
      • Pool features: None
      Lot
      • Size: 1,634 Square Feet
      • Dimensions: 19.00 x 86.00
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 052201000
      • Zoning: CMX3
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Other
      • Property subtype: Townhouse
      Materials
      • Masonry
      • Foundation: Other
      Condition
      • New construction: No
      • Year built: 1850
      • Major remodel year: 2006

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Old City
      HOA
      • Has HOA: No
      Location
      • Region: Philadelphia
      • Municipality: PHILADELPHIA

      Financial & listing details

      • Price per square foot: $315/sqft
      • Tax assessed value: $1,588,000
      • Annual tax amount: $22,228
      • Date on market: 7/8/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Exclusions: Tenants Belongings
      • Ownership: Fee Simple

        Estimated market value

        $1,074,200

        $1.02M - $1.13M

        $4,177/mo

        Price history

        DateEventPrice
        8/27/2026Price change$1,099,999-6.4%$315/sqft
        Source: Bright MLS #PAPH2645586 Report a problem
        7/22/2026Price change$1,175,000-6%$336/sqft
        Source: Bright MLS #PAPH2645586 Report a problem
        7/8/2026Listed for sale$1,250,000+26.9%$358/sqft
        Source: Bright MLS #PAPH2645586 Report a problem
        2/14/2025Listing removed$2,800$1/sqft
        Source: Bright MLS #PAPH2395280 Report a problem
        11/7/2024Price change$2,800+7.7%$1/sqft
        Source: Bright MLS #PAPH2395280 Report a problem
        9/11/2024Listed for rent$2,600+18.5%$1/sqft
        Source: Bright MLS #PAPH2395280 Report a problem
        4/15/2022Sold$985,000-1.1%$282/sqft
        Source: Bright MLS #PAPH2097968 Report a problem
        4/4/2022Pending sale$995,900$285/sqft
        Source: Bright MLS #PAPH2097968 Report a problem
        3/30/2022Listed for sale$995,900$285/sqft
        Source: Bright MLS #PAPH2097968 Report a problem
        5/28/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        5/21/2021Listed for rent$2,195+11.1%$1/sqft
        Source: Zillow Rental Manager Report a problem
        7/30/2015Listing removed$1,975$1/sqft
        Source: Re/Max Access #6604489 Report a problem
        7/5/2015Listed for rent$1,975$1/sqft
        Source: RE/MAX Access #6604489 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        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.
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        Climate risks

        Neighborhood: Old City

        Getting around

        97 / 100
        Walker's Paradise
        97 / 100
        Rider's Paradise
        88 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        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.

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