$2,875,000

Estimated payment $16,786/month

Total Views 1,963
-- Bed
-- Bath
6,076 Sq Ft
$473 Price per Sq Ft

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

Bruno Pouget

(215) 990-9525 bruno.pouget@foxroach.com Compass RE License #AB068095 Listed on: 11/20/2025

Compass RE

Co-Listing Agent

Brett Caspi

(516) 633-6106 brett.caspi@foxroach.com Compass RE License #RSR003269

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,955

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: Mobility Improvements, Level Entry - Main, 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 11/20/2025 12:00:00 AM
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces Count: 2
  • Fireplace: Yes
  • Foundation Details: Stone, Other
  • Total Sq Ft: 6076
  • Living Area Sq Ft: 6076
  • Price Per Sq Ft: 473.17
  • Above Grade Finished Sq Ft: 6076
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, 3 Phases
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 21.00 x 133.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2793.00
  • Zoning: CMX5

Rental Info

  • Existing Lease Type: Gross With Expense Stop
  • Ground Rent Exists: No
  • Owner Pays: Pest Control
  • Rent Control: No
  • Total Actual Rent: 243503.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 11175.00
  • Tax Annual Amount: 19955.00
  • Assessor Parcel Number: 871011000
  • Tax Lot: 15
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Gross Income: 243503.00
  • Gross Scheduled Income: 243503.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 49812.88

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Deed $425,000 Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 Commercial
Closed $325,000 Seller Take Back
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2559208

Bright MLS

APN: 871011000