229 Race St
Listing Notes
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.
Price in context
Cheaper than 21% of the 24 homes listed nearby right now, which run $695,000 to $1,594,900.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 506 S 5th St | $695,000 | — |
| 715 Rodman St | $695,000 | 2 bd · 1.5 ba |
| 813 N Orianna St Unit 813A | $790,000 | 3 bd · 3 ba |
| 813 N Orianna St Unit 813A | $790,000 | 3 bd · 3 ba |
| 421 Wallace St | $799,000 | 3 bd · 3.5 ba |
| 430 Brown St | $825,000 | 3 bd · 2.5 ba |
| 605 Pine St | $825,000 | 2 bd · 2 ba |
| 128 Pemberton St | $825,000 | — |
| 701 S 6th St | $885,000 | 3 bd · 2.5 ba |
| 953 N Marshall St | $935,000 | 3 bd · 4 ba |
| 105 S 12th St Apt 500 | $945,000 | 2 bd · 2 ba |
| 301 Brown St Unit A | $949,777 | 4 bd · 3.5 ba |
| 614 Brenna Walk Unit 27 | $950,000 | 4 bd · 4 ba |
| 26 S Strawberry St | $999,999 | 3 bd · 2.5 ba |
| 954 N 6th St | $1,067,450 | 3 bd · 4 ba |
| 341 S 5th St | $1,100,000 | 5 bd · 3.5 ba |
| 227 W George St | $1,160,000 | 4 bd · 3 ba |
| 1228-32 Arch St Unit 8E | $1,200,000 | 2 bd · 2 ba |
| 626 S 7th St | $1,200,000 | — |
| 966 N 6th St | $1,300,000 | 3 bd · 4 ba |
| 514 Delancey St | $1,495,000 | 3 bd · 2.5 ba |
| 308 N 2nd St | $1,500,000 | 5 bd · 4 ba |
| 114 Bainbridge St | $1,589,900 | 4 bd · 3.5 ba |
| 241 S 6th St Unit 1610-11 | $1,594,900 | 4 bd · 3.5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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