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$1,250,000 Just Listed

  • For Sale
  • Active
  • Townhouse
  • 4 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 3,493 Sq. Ft.
  • Updated 6 days ago
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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.

Full Property Details for 229 Race St

General

  • Price: $1,250,000
  • Taxes: $22,228 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2645586
  • Updated: 7/8/2026
  • Added to Site: 6 day(s) ago

Interior

  • Interior Features: 2nd Kitchen, Breakfast Area, Built-Ins, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Entry Level Bedroom, Exposed Beams, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Walk-in Closet(s), Wood Floors
  • Fireplace: Yes
  • Number of Fireplaces: 1

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Floor Baths: 3
  • Main - Full Baths: 2
  • Main - 1/2 Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Main & Up: 4

Exterior

  • Exterior Features: Bump-outs, Exterior Lighting, Sidewalks, Street Lights
  • Porch/Patio/Deck: Balcony, Breezeway, Patio(s), Porch(es)

Parking

  • Parking Type: None

Location

  • Area: 19106 (19106)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: OLD CITY
  • Cross Streets: 2Nd
  • Driving Directions: Use GPS

School Information

  • School District: Philadelphia City

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: Interior Row/Townhouse
  • Construction: Masonry
  • Basement: Yes
  • Basement Desc.: Full, Fully Finished
  • Foundation: Other
  • Stories Description: Main
  • Square Feet: 3,493
  • Sq. Ft. Source: Estimated
  • Living Area: 3,493 Sq. Ft.
  • Finished Above Grnd: 3,105 Sq. Ft.
  • Finished Below Grnd: 388 Sq. Ft.
  • Year Built: 1850
  • Year Built Source: Assessor

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,634
  • Lot Size Source: Assessor
  • Lot Dimensions: 19.00 x 86.00
  • Zoning: CMX3

Financial Considerations

  • Price Per Sq. Ft.: $402.58
  • Assessment Year: 2026
  • School Tax: $12,448
  • City/TownTax: $9,780
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,588,000
  • Tax Amount: $22,228
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 3105

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenants belongings
  • Lot Number: 169

Listed by Maxwell Realty Company, Nancy L Alperin

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Listing agent

— 229 Race St —

  • Nancy L Alperin

    Maxwell Realty Company

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 229 Race St

School District:Philadelphia City School District
NameGradesDistance
McCall Gen George A School
325 South 7th Street, Philadelphia, PA 19106
K-80.8 mi
Franklin Benjamin High School
550 North Broad Street, Philadelphia, PA 19130
12-111.2 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 229 Race St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/08/2026
Listed
$1,250,000
26.9%
MLS
4/08/2022
Sold
$985,000
—
Public Record
Get Price Alerts and Save Property
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 for 229 Race St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,229
—
$1,588,000
—
2024
$22,229
99%
$1,588,000
100%
2021
$11,183
-12%
-100%
2023
$12,710
14%
$908,000
14%
2020
$11,183
3%
$798,900
3%
2019
$10,822
32%
$773,100
32%
2018
$8,173
—
$583,900
—
2017
$8,173
—
$583,900
—
2016
$8,173
4%
$583,900
—
2015
$7,824
—
$583,900
—
2014
$7,824
134%
$583,900
1605%
2013
$3,346
—
$34,240
—
View All
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 for 229 Race St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Maxwell Realty Company, Nancy L Alperin

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229 Race Street, Philadelphia, PA 19106 (MLS# PAPH2645586) is a Townhouse property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 229 Race Street is currently listed for $1,250,000 and was received on July 08, 2026. Want to learn more about 229 Race Street? Do you have questions about finding other Townhouse real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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