1229 S 6 Th St

Highlights:

• Days on Market: 4
• Heating: Forced Air

Description:

1229 S 6th Street presents a prime mixed-use investment opportunity in Philadelphia’s highly sought-after Passyunk Square neighborhood. This well-maintained corner property features a ground-floor commercial space and three fully occupied 1-bedroom/1-bath residential units above, generating approximately $61,800 in current annual income (6.6% cap rate) following after rent increases that take effect April 1.

The ground-floor commercial storefront offers strong visibility and steady tenancy. Each residential unit is separately metered and features updated kitchens and baths, hardwood floors, and a consistent rental history, making this a stable, income-producing asset.

Zoned CMX-2, the property allows for flexible mixed-use occupancy and long-term value appreciation. Located just steps from East Passyunk Avenue’s renowned restaurants, cafés, and boutique retail, and within minutes of Center City, public transit, and major highways, 1229 S 6th Street offers investors a turnkey asset in one of Philadelphia’s most desirable and walkable neighborhoods with strong, recently increased rental income and long-term upside potential.

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Listing ID: 804701321238