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1229 S 6th St
For Sale $729,900 ($254.85 per Sq Ft)
$729,900 ($254.85 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 2,864 Sq Ft
- 1,280 Sq Ft
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $729,900 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 2,864 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1915 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 871038400 |
| MLS # | PAPH2589954 |
| Property ID | 322641783 |
| Lot Sqft | 1,280 |
| Zoning | CMX1 |
| Total Units | 4 |
| Days on Market | 88 |
| Original List Price | Unknown |
| Date Updated | May 17, 2026 |
| Date Created | March 03, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $61,800 | $0 |
| Cap Rate | 6.70% |
Listing Provided By
Amira Coleman an agent of . Lic #RS350967
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Data last updated: May 30, 2026.
Robert Crawford
REAL ESTATE AGENT