$3,899,990

1316 Walnut St Philadelphia, PA 19107

Washington Square West Neighborhood

Estimated payment $24,186/month

Total Views 376
-- Bed
-- Bath
12,600 Sq Ft
$310 Price per Sq Ft

Highlights

  • 0.08 Acre Lot
  • Central Heating and Cooling System
  • 2-minute walk to 12Th-13Th & Locust St

About This Home

This property is situated in a highly desirable, high foot traffic area - Center City. The building spans from street to street and features one commercial space along with nine residential units, offering excellent investment potential. The commercial space is approximately 3,820 sq ft, consists the first floor and mezzanine, has approximately 6-7 years remaining lease term with two 5yr options. With the 9 apartments, which consists of 6 two-bedroom units and 3 one-bedroom unit.

Listing Agent

Jessica Liu

(646) 406-9369 jessicaliu800@yahoo.com Wynn Real Estate LLC Listed on: 11/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $43,577

Year Built

  • Built in 1900

Lot Details

  • 3,570 Sq Ft Lot
  • Lot Dimensions are 21.00 x 170.00

Parking

  • On-Street Parking

Home Design

  • 12,600 Sq Ft Home
  • Masonry

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 881012206

Community Details

Overview

  • 2 Units

Building Details

  • Income includes apartment rentals
  • Net Operating Income $256,971

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$43,577

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: All equipment and furniture that are used to operate the business are excluded in this sale. Liquor license and tenants' personal property
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 12600
  • Living Area Sq Ft: 12600
  • Price Per Sq Ft: 309.52
  • Above Grade Finished Sq Ft: 12600
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 21.00 x 170.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3570.00
  • Zoning: CMX5

Rental Info

  • Existing Lease Type: Long Term
  • Units Leased Count: 10
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 43577.00
  • Assessor Parcel Number: 881012206
  • Tax Lot: 89
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Gross Income: 312548.00
  • Income Includes: Apartment Rentals
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: PHILADELPHIA CITY

Map

Range of Values:

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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 $43,577 $3,113,100 $311,310 $2,801,790
2025 $43,577 $3,113,100 $311,310 $2,801,790
2024 $43,577 $3,113,100 $311,310 $2,801,790
2023 $31,419 $3,113,100 $311,310 $2,801,790
2022 $31,454 $2,244,545 $311,310 $1,933,235
2021 $31,454 $0 $0 $0
2020 $31,454 $0 $0 $0
2019 $31,221 $0 $0 $0
2018 $25,603 $0 $0 $0
2017 $20,297 $0 $0 $0
2016 $20,297 $0 $0 $0
2015 $19,430 $0 $0 $0
2014 -- $2,000,200 $220,200 $1,780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2025 11/10/25 Price Changed $3,899,990 +6.6% $310 / Sq Ft
11/10/2025 11/10/25 Price Changed $3,659,999 +0.3% $290 / Sq Ft
11/10/2025 11/10/25 For Sale $3,650,000 -- $290 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $1,450,000 None Available
Deed $1,045,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,540,000 Future Advance Clause Open End Mortgage
Previous Owner $1,060,000 Commercial
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2557594

Bright MLS

APN: 881012206

Pennsylvania Philadelphia County Philadelphia 19107 Washington Square West

1316 Walnut St, Philadelphia, PA

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Jessica Liu
Listing Agent
Jessica Liu
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Wynn Real Estate LLC
(646) 406-9369