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$1,600,000
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Property Description
239 Race Street: A Legacy of Industrial Elegance in Philadelphia's Old City Own an Architectural Masterpiece and a prestigious piece of American history with the John Jordan Building, a meticulously maintained, historic masonry structure standing in the heart of Old City since 1900. This mixed-use powerhouse offers a rare blend of (5) five residential condominiums and a premier commercial office suite, totaling approximately 5,895 square feet of high-yield real estate. Residential Interiors: Where Historic Soul Meets High Design Step inside to discover interiors that define "Old City Luxury." Each unit serves as a masterclass in industrial-chic design, featuring: Original Craftsmanship: Glistening wide-plank pine floors and dramatic decorative marble fireplaces serve as stunning focal points in the living areas. Curated Details: Soaring 10-foot+ ceilings are complemented by bespoke built-in library bookshelves, some featuring classic rolling ladders. Light & Air: Massive factory-style windows and private patio's balconies/decks offer sun-drenched living spaces and views of the neighborhood's tree-lined beauty. Modern Amenities: Every unit is thoughtfully "fully loaded" with in-unit laundry, appliances (including dishwashers and gas ranges), and central A/C. Detailed Unit Breakdown & Monthly Income This diversified portfolio provides immediate income stability with the following residential layouts: Unit A: 1 Bed / 1 Bath | 780 sq ft Unit B: 2 Bed / 1.5 Bath | 1,422 sq ft Unit C: 3 Bed / 2 Bath | 1,272 sq ft Unit D: 2 Bed / 1 Bath | 966 sq ft Unit E: 1 Bed / 1 Bath + Den | 720 sq ft Basement 735 sq ft Unrivaled Investment & Development Upside Strategically zoned CMX-3, this property is more than a turn-key income generator, it is a growth engine with room to raise the current rents of these amazing condo's. Development Potential: The current zoning allows for significant future expansion, including potential vertical or rear extensions. An additional 735 square feet of cellar storage offers a "blank canvas" for resident amenities or expanded commercial utility. Optimized Systems: Benefit from a full roof replacement in 2023, new HVAC systems, and new water heaters, ensuring minimal capital expenditure for years to come. At the Center of Philadelphia's Historic Renaissance Boasting a near-perfect Walk Score of 97, 239 Race Street places your tenants in the "Most Stylish Neighborhood" in the city. Culture: Seconds from the Benjamin Franklin Bridge, Race Street Pier, and the legendary Elfreth's Alley. Dining: Surrounded by world-class staples like Race Street Cafe, Tuna Bar, and Cafe Ole. Schedule your appointment today to capture this timeless allure of Old City. 239 Race Street is an acquisition for the ages. Live. Work. Own the Entire Experience. This is one of those rare properties where you don't just invest, you position yourself. Operate your business from a premier commercial space while living upstairs in a stunning Old City residence, or keep the full building income-producing while still having the option to step in whenever you want. Flexibility, control, and presence, all under one roof in one of Philadelphia's most iconic neighborhoods. Schedule your appointment today!
Full Property Details
Full Property Details for 239 Race St #A
General
- Price: $1,600,000
- Taxes: $19,592 (2025)
- Status: Active
- Type: Business
- Source: BrightMLSPhilly
- MLS ID: PAPH2594256
- Updated: 4/16/2026
- Added to Site: 54 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Hardwood
Parking
- Parking Type: On Street
Location
- Area: 19106 (19106)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: OLD CITY
- Building Name: NONE AVAILABLE
- Cross Streets: 2nd Street
- Driving Directions: East on Race St, pass 3rd St and property on the left
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Masonry
- Foundation: Brick/Mortar
- Building Size: 5895
- Current Bldg. Use: Residential, Other
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size Source: Assessor
- Zoning: CMX3
Financial Considerations
- Price Per Sq. Ft.: $271.42
- Assessment Year: 2026
- School Tax: $2,114
- City/TownTax: $1,661
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $269,700
- Tax Amount: $19,592
- Tax Year: 2025
Disclosures and Reports
- Ownership: Other
- Lot Number: 753
Listed by Keller Williams Real Estate - Newtown, Thomas A. Greer
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Schools
Schools serving 239 Race St #A
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
McCall Gen George A School 325 South 7th Street, Philadelphia, PA 19106 | K-8 | 0.8 mi |
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130 | 12-11 | 1.1 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 239 Race St #A
Date
Details
Price
Change
Source
4/16/2026
Price Reduced
$1,600,000
-3.03%
MLS
3/14/2026
Listed
$1,650,000
—
MLS
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 239 Race St #A
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,775
—
$269,700
—
2024
$3,775
9%
$269,700
100%
2021
$3,474
-4%
-100%
2023
$3,613
4%
$258,100
4%
2020
$3,474
4%
$248,200
4%
2019
$3,341
5%
$238,700
5%
2018
$3,182
—
$227,300
—
2017
$3,182
6%
$227,300
6%
2016
$2,994
4%
$213,900
—
2015
$2,866
—
$213,900
—
2014
$2,866
50%
$213,900
990%
2013
$1,917
—
$19,616
—
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 239 Race St #A
239 Race Street #A, Philadelphia, PA 19106 (MLS# PAPH2594256) is a Business property. 239 Race Street #A is currently listed for $1,600,000 and was received on March 14, 2026. Want to learn more about 239 Race Street #A? Do you have questions about finding other Business real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

