1121 Walnut St Philadelphia, PA 19107
Center City Market East NeighborhoodEstimated payment $16,786/month
Highlights
- Traditional Architecture
- 2-minute walk to 12Th-13Th & Locust St
- Mobility Improvements
- 2 Fireplaces
- More Than Two Accessible Exits
- Central Heating and Cooling System
About This Home
An extraordinary investment opportunity awaits at 1121 Walnut Street—an impeccably renovated, fully occupied mixed-use property in the vibrant heart of Midtown Philadelphia. This premier CMX5-zoned asset features two 2-bed/2-bath residences, two 1-bed/1-bath residences, and a stabilized retail space, all situated within one of the city’s fastest-growing districts. Surrounded by luxury development, world-class hospitality, major medical institutions, and the bustling Convention Center, the property occupies a prime position at the center of Philadelphia’s continued urban renaissance. Designed for both immediate performance and long-term potential, this dynamic building blends modern residential living with established commercial tenancy. Four stylish, professionally reimagined apartments rise above a flagship restaurant tenant anchoring the ground floor, creating a balanced and dependable income stream. With a cap rate above 7% and full occupancy, the property offers turnkey stability alongside impressive upside through its CMX5 zoning—accommodating future vertical expansion, repositioning, or complete redevelopment. Investment advantages include the security of long-term tenants, the strength of diversified residential and commercial income, the appeal of newly renovated units with strong rental demand, and the rare flexibility afforded by CMX5 designation. Its unbeatable location—steps from premier dining, retail, cultural institutions, arts venues, multiple transit lines, Jefferson Hospital, and the Convention Center—positions this asset at the epicenter of convenience and continued appreciation. Owner financing is also available, offering an exceptional advantage for qualified buyers. Whether you are a seasoned investor seeking reliable, high-yield performance or a visionary buyer looking to capitalize on Midtown’s explosive momentum, 1121 Walnut Street represents a rare opportunity to anchor yourself in Philadelphia’s most exciting corridor of growth. This offering is more than an acquisition—it is a strategic foothold in the city’s next era of transformation. Review attached Pro Forma provided for financial details
Listing Agent
(215) 990-9525 bruno.pouget@foxroach.com Compass RE License #AB068095 Listed on: 11/20/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,955
Year Built
- Built in 1900
Lot Details
- 2,793 Sq Ft Lot
- Lot Dimensions are 21.00 x 133.00
Home Design
- Traditional Architecture
- Stone Foundation
- Masonry
Interior Spaces
- 6,076 Sq Ft Home
- 2 Fireplaces
Parking
- On-Street Parking
- Off-Street Parking
Accessible Home Design
- Mobility Improvements
- More Than Two Accessible Exits
- Level Entry For Accessibility
Utilities
- Central Heating and Cooling System
- Three-Phase Power
- 200+ Amp Service
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 871011000
Community Details
Overview
- 4 Units
- 4-Story Building
Building Details
- Income includes apartment rentals
- Operating Expense $49,813
- Gross Income $243,503
- Net Operating Income $193,691
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $20,763 | $1,425,600 | $285,120 | $1,140,480 |
| 2025 | $20,763 | $1,425,600 | $285,120 | $1,140,480 |
| 2024 | $20,763 | $1,425,600 | $285,120 | $1,140,480 |
| 2023 | $20,763 | $1,483,300 | $296,600 | $1,186,700 |
| 2022 | $19,137 | $1,483,300 | $296,600 | $1,186,700 |
| 2021 | $19,137 | $0 | $0 | $0 |
| 2020 | $19,137 | $0 | $0 | $0 |
| 2019 | $18,948 | $0 | $0 | $0 |
| 2018 | $18,396 | $0 | $0 | $0 |
| 2017 | $18,711 | $0 | $0 | $0 |
| 2016 | $7,600 | $0 | $0 | $0 |
| 2015 | $3,265 | $0 | $0 | $0 |
| 2014 | -- | $1,336,700 | $349,100 | $987,600 |
| 2012 | -- | $112,000 | $33,600 | $78,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | For Sale | $2,875,000 | -- | $473 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $425,000 | Stewart Title Guaranty Compa |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | Commercial | |
| Closed | $325,000 | Seller Take Back |
Source: Bright MLS
MLS Number: PAPH2559208
APN: 871011000
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