1206 N 5th St, Philadelphia, PA 19122

Philadelphia
Local realty services provided by:ERA Reed Realty, Inc.
1206 N 5th St,Philadelphia, PA 19122
$525,000
  • 2 Beds
  • - Baths
  • 2,715 sq. ft.
  • Multi-family
  • Active
Listed by: stacy l sanseverino
Office: kw empower
MLS#:PAPH2586360
Source:BRIGHTMLS

Price summary

  • Price:$525,000
  • Price per sq. ft.:$193.37

About this home

1206 N 5th Street is a fully occupied, income-producing 4-unit mixed-use building in the heart of the thriving Northern Liberties/Olde Kensington corridor, featuring 1 commercial storefront, 1 studio apartment, and 2 one-bedroom units, plus a shared outdoor space and basement with common laundry. All utilities are separately metered, except water and those powering the laundry, helping to control operating expenses. The property offers a strong 9% cap rate, so you generate income on day one. All leases are currently month-to-month, providing flexibility to renovate and increase rents as units turn over or to pursue owner-occupancy if desired. The residential units offer enormous ceilings and excellent natural light, and the commercial space features a traditional storefront façade without the burden of a historical designation. Lead-Safe Certificates for all three residential units, Rental License, Fire Alarm Certificate, and leases will be provided upon successful offer for the...

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Home facts

  • Year built:1915
  • Listing ID #:PAPH2586360
  • Added:1088 day(s) ago
  • Updated:March 24, 2026 at 04:35 AM

Rooms and interior

  • Bedrooms:2
  • Flooring:Ceramic Tile, Wood
  • Living area:2,715 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Hot Water, Natural Gas, Radiator

Structure and exterior

  • Year built:1915
  • Building area:2,715 sq. ft.
  • Lot area:0.03 Acres
  • Architectural Style:Traditional
  • Construction Materials:Masonry
  • Foundation Description:Stone

Schools

  • High school:PENN TREATY
  • Middle school:JAMES R. LUDLOW
  • Elementary school:JAMES R. LUDLOW

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$525,000
  • Price per sq. ft.:$193.37
  • Tax amount:$4,774 (2026)

Parking

  • Parking description:On Street

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