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$729,900
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Property 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.
Full Property Details
Full Property Details for 1229 S 6th St
General
- Price: $729,900
- Taxes: $6,996 (2025)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2589954
- Updated: 5/3/2026
- Added to Site: 94 day(s) ago
Rental Information
- Lease Info: Month to Month
Parking
- Parking Type: On Street
Location
- Area: 19147 (19147)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: gps
School Information
- School District: Philadelphia City
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Natural Gas
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Septic
- Water: Public
Structural Information
- Architectural Style: Straight Thru
- Structure Type: End of Row/Townhouse
- Construction: Masonry
- Foundation: Other
- Square Feet: 2,864
- Sq. Ft. Source: Estimated
- Living Area: 2,864 Sq. Ft.
- Finished Above Grnd: 2,864 Sq. Ft.
- Year Built: 1915
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,280
- Lot Size Source: Estimated
- Lot Dimensions: 16.00 x 80.00
- Zoning: CMX1
Financial Considerations
- Price Per Sq. Ft.: $254.85
- Assessment Year: 2025
- School Tax: $3,917
- City/TownTax: $3,078
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $499,800
- Tax Amount: $6,996
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 342
Listed by Compass Pennsylvania, LLC, Amira Coleman
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Schools
Schools serving 1229 S 6th St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Vare-Washington Elementary School 1198 South 5th Street, Philadelphia, PA 19147 | K-8 | 0.1 mi |
Furness Horace High School 1900 South 3rd Street, Philadelphia, PA 19148 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1229 S 6th St
Date
Details
Price
Change
Source
4/21/2026
Price Reduced
$729,900
-2.03%
MLS
3/04/2026
Listed
$745,000
5.67%
MLS
5/16/2019
Sold
$705,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1229 S 6th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,996
—
$499,800
—
2024
$6,996
40%
$499,800
100%
2021
$5,008
—
-100%
2023
$5,003
—
$357,400
—
2020
$5,008
1%
$357,800
1%
2019
$4,959
27%
$354,300
27%
2018
$3,919
-9%
$280,000
-9%
2017
$4,327
—
$309,100
—
2016
$4,327
4%
$309,100
—
2015
$4,142
—
$309,100
—
2014
$4,142
231%
$309,100
2315%
2013
$1,251
—
$12,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1229 S 6th St
1229 S 6th Street, Philadelphia, PA 19147 (MLS# PAPH2589954) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 1229 S 6th Street is currently listed for $729,900 and was received on March 04, 2026. Want to learn more about 1229 S 6th Street? Do you have questions about finding other Townhouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

