6226 Race St, Philadelphia, PA 19139

Philadelphia
Local realty services provided by:ERA Reed Realty, Inc.
6226 Race St,Philadelphia, PA 19139
$319,000
  • 7 Beds
  • - Baths
  • 2,248 sq. ft.
  • Multi-family
  • Active
Listed by: eric land
Office: kw empower
MLS#:PAPH2638820
Source:BRIGHTMLS

Price summary

  • Price:$319,000
  • Price per sq. ft.:$141.9

About this home

Investor opportunity with tremendous upside! This legal 3-unit, semi-detached multifamily property offers approximately 2,400 square feet of living space and is approximately 90% complete, presenting the perfect chance for an investor to step in, finish the project, and reap the rewards. Being sold due to a partnership dissolution, this is a rare opportunity to acquire a nearly completed income-producing asset at a significant value. The property features an attractive unit mix consisting of two 2-bedroom, 1-bath apartments and one spacious 3-bedroom, 1-bath apartment, for a total of 7 bedrooms and 3 bathrooms. Major infrastructure improvements have already been completed, including separate utility meters and a brand-new water meter, helping streamline future management and tenant billing. With projected rental income of approximately $5,300 per month, this property offers exceptional cash flow potential and is positioned to achieve a strong cap rate once fully stabilized. Whether...

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Home facts

  • Year built:1925
  • Listing ID #:PAPH2638820
  • Added:1 day(s) ago
  • Updated:June 19, 2026 at 05:42 AM

Rooms and interior

  • Bedrooms:7
  • Basement:Yes
  • Basement Description:Unfinished
  • Living area:2,248 sq. ft.

Heating and cooling

  • Heating:Radiator

Structure and exterior

  • Year built:1925
  • Building area:2,248 sq. ft.
  • Lot area:0.05 Acres
  • Architectural Style:Traditional
  • Construction Materials:Masonry
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$319,000
  • Price per sq. ft.:$141.9
  • Tax amount:$3,257 (2025)

Parking

  • Parking description:On Street

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