Investor opportunity with tremendous upside! This legal 3-unit, semi-detached multifamily property offers approximately 2,400 square feet of living space and is approximately 90% complete, presenting the perfect chance for an investor to step in, finish the project, and reap the rewards. Being sold due to a partnership dissolution, this is a rare opportunity to acquire a nearly completed income-producing asset at a significant value. The property features an attractive unit mix consisting of two 2-bedroom, 1-bath apartments and one spacious 3-bedroom, 1-bath apartment, for a total of 7 bedrooms and 3 bathrooms. Major infrastructure improvements have already been completed, including separate utility meters and a brand-new water meter, helping streamline future management and tenant billing. With projected rental income of approximately $5,300 per month, this property offers exceptional cash flow potential and is positioned to achieve a strong cap rate once fully stabilized. Whether you’re a seasoned multifamily investor, a landlord looking to expand your portfolio, or a developer seeking a project nearing the finish line, this property checks all the boxes.Take advantage of this unique opportunity to complete a high-yield multifamily asset and add a strong performer to your investment portfolio.
For sale
Price cut: $20K (7/7)
$299,000
6226 Race St, Philadelphia, PA 19139
7beds
--baths
2,248sqft
Townhouse
Built in 1925
-- sqft lot
$-- Zestimate®
$133/sqft
$-- HOA
What's special
- 24 days |
- 150 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Rick Land 609-992-8248,
KW Empower 215-627-3500,
Listing Team: Ccl Team
Source: Bright MLS,MLS#: PAPH2638820
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
Basement
- Area: 0
Heating
- Radiator
Cooling
- None
Appliances
- Included: Gas Water Heater
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,248
- Total interior livable area: 2,248 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,200 Square Feet
- Dimensions: 20.00 x 110.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 341016300
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Townhouse
Materials
- Masonry
- Foundation: Stone
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Haddington
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $133/sqft
- Tax assessed value: $232,700
- Annual tax amount: $3,257
- Date on market: 6/18/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,915/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $299,000-6.3%$133/sqft |
Source: | ||
| 6/18/2026 | Listed for sale | $319,000+286.7%$142/sqft |
Source: | ||
| 6/18/2025 | Sold | $82,500+358.3%$37/sqft |
Source: Public Record Report a problem | ||
| 8/12/2016 | Sold | $18,000$8/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,257 +23.3% | $232,700 +23.3% |
| 2024 | $2,641 | $188,700 |
| 2023 | $2,641 | $188,700 |
| 2022 | $2,641 | -- |
| 2021 | $2,641 +3.9% | -- |
| 2018 | $2,543 | -- |
| 2017 | $2,543 +89.1% | -- |
| 2016 | $1,345 | -- |
| 2015 | $1,345 | -- |
| 2014 | $1,345 +4.5% | $96,100 +1666.5% |
| 2012 | $1,288 | $5,440 |
| 2011 | -- | $5,440 |
| 2010 | -- | $5,440 |
| 2009 | -- | $5,440 |
| 2008 | -- | $5,440 |
| 2007 | -- | $5,440 +7.6% |
| 2006 | -- | $5,056 |
| 2005 | -- | $5,056 |
| 2004 | -- | $5,056 |
| 2003 | -- | $5,056 |
| 2002 | -- | $5,056 |
| 2000 | -- | $5,056 |
| 1999 | -- | $5,056 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Principal & interest
$1,547Mortgage insurance
$0Property taxes
$170Home insurance
$105HOA fees
$0Utilities
Not includedAll 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: Haddington
Nearby schools
GreatSchools rating
- 3/10Barry Community John SchoolGrades: PK-8Distance: 0.4 mi
- 2/10Sayre William L Middle 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.
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