$1,100,000

Estimated payment $6,909/month

Total Views 1,611
-- Bed
-- Bath
3,444 Sq Ft
$319 Price per Sq Ft

Highlights

  • Contemporary Architecture
  • Forced Air Heating and Cooling System
  • 4-minute walk to Race Street Pier
  • 1 Fireplace
  • Property is in excellent condition

About This Home

Fully Renovated Income-Producing Historical Triplex in Old City with Parking & Stunning Bridge Views!
Located in the heart of Old City, this beautifully renovated 3-unit triplex is a rare opportunity for investors or owner-occupants seeking style, space, and strong rental income. Each unit blends modern amenities with thoughtful design, offering comfort, flexibility, and unique character.
Unit 1: Chic and sun soaked 1 bed / 1 bath with a private balcony, new HVAC, dishwasher, washer & dryer, and heater.
Unit 2: Spacious 2 bed / 1 bath featuring soaring ceilings, a lofted office space, tons of storage, new stove, dishwasher, washer & dryer, and a light-filled open layout.
Water St Unit: A truly one-of-a-kind 1–2 bed / 1 bath residence with a large bay door that opens to the outdoors for seamless indoor/outdoor living. This historic space features a distinct industrial vibe with exposed brick walls, steel beams, and a cozy fireplace. During renovations, a previously hidden tunnel dating back to the 1600s was uncovered and carefully excavated, revealing original stonework and architectural elements that had been concealed for centuries. This remarkable discovery adds approximately 220 square feet of unique, usable space to the unit, perfect for a creative studio, wine cellar, or private retreat. The unit also includes new HVAC, microwave, tankless water heater, washer & dryer, and a private 5x8 storage closet.
All three units offer hardwood floors, stainless steel appliances, quartz countertops, recessed lighting, large modern bathrooms, ample storage, and plenty of natural light. The building also features a stylish tiled foyer, brand-new roof and gutters, and parking.
Enjoy breathtaking views of the Ben Franklin Bridge and Delaware River and enjoy the sunrise every morning from all 3 units. Just steps away from the best of Old City’s historic charm, art scene, and vibrant dining. Easy access to 95, 676 & 76, The Ben Franklin Bridge and just a short walk to public transportation. One of Old City's favorite dog park is right across street. Whether you're looking to live in one unit and rent the others or expand your investment portfolio with a truly exceptional property, this triplex delivers space, income, and unmatched character. This is not just a property, it’s a piece of Philadelphia’s living history.

Listing Agent

Thomas Greer

Keller Williams Real Estate - Newtown License #RS324020 Listed on: 06/23/2025

Keller Williams Real Estate - Newtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,627

Year Built

  • Built in 1920 | Remodeled in 2023

Lot Details

  • 966 Sq Ft Lot
  • Lot Dimensions are 24.00 x 40.00
  • Property is in excellent condition

Home Design

  • Triplex
  • Contemporary Architecture
  • Straight Thru Architecture
  • Traditional Architecture
  • Brick Foundation
  • Block Foundation
  • Masonry

Interior Spaces

  • 1 Fireplace

Parking

  • 1 Parking Space
  • 1 Driveway Space

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 055006880

Community Details

Overview

  • 3 Units
  • Old City Subdivision

Building Details

  • Income includes apartment rentals
  • Insurance Expense $4,500
  • Maintenance Expense $2,000
  • Trash Expense $500
  • Net Operating Income $20,627

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,627

Year Built

Built in 1920 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Contemporary, Traditional, Straight Thru, Unit/Flat
  • Ownership: Fee Simple
  • Inclusions: All refrigerators, washers and dryers
  • New Construction: No
  • Year Built: 1920
  • Year Renovated: 2023
  • Remarks Public: Fully Renovated Income-Producing Historical Triplex in Old City with Parking & Stunning Bridge Views! Located in the heart of Old City, this beautifully renovated 3-unit triplex is a rare opportunity for investors or owner-occupants seeking style, space, and strong rental income. Each unit blends modern amenities with thoughtful design, offering comfort, flexibility, and unique character. Unit 1: Chic and sun soaked 1 bed / 1 bath with a private balcony, new HVAC, dishwasher, washer & dryer, and heater. Unit 2: Spacious 2 bed / 1 bath featuring soaring ceilings, a lofted office space, tons of storage, new stove, dishwasher, washer & dryer, and a light-filled open layout. Water St Unit: A truly one-of-a-kind 1–2 bed / 1 bath residence with a large bay door that opens to the outdoors for seamless indoor/outdoor living. This historic space features a distinct industrial vibe with exposed brick walls, steel beams, and a cozy fireplace. During renovations, a previously hidden tunnel dating back to the 1600s was uncovered and carefully excavated, revealing original stonework and architectural elements that had been concealed for centuries. This remarkable discovery adds approximately 220 square feet of unique, usable space to the unit, perfect for a creative studio, wine cellar, or private retreat. The unit also includes new HVAC, microwave, tankless water heater, washer & dryer, and a private 5x8 storage closet. All three units offer hardwood floors, stainless steel appliances, quartz countertops, recessed lighting, large modern bathrooms, ample storage, and plenty of natural light. The building also features a stylish tiled foyer, brand-new roof and gutters, and parking. Enjoy breathtaking views of the Ben Franklin Bridge and Delaware River and enjoy the sunrise every morning from all 3 units. Just steps away from the best of Old City’s historic charm, art scene, and vibrant dining. Easy access to 95, 676 & 76, The Ben Franklin Bridge and just a short walk to public transportation. One of Old City's favorite dog park is right across street. Whether you're looking to live in one unit and rent the others or expand your investment portfolio with a truly exceptional property, this triplex delivers space, income, and unmatched character. This is not just a property, it’s a piece of Philadelphia’s living history.
  • Special Features: 4098

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block, Brick/Mortar
  • Total Sq Ft: 3664
  • Living Area Sq Ft: 3444
  • Price Per Sq Ft: 319.40
  • Above Grade Finished Sq Ft: 3444
  • Above Grade Unfinished Sq Ft: 220
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 311

Exterior Features

  • Other Structures: Above Grade, Below 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
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 1

Utilities

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

Schools

  • School District: PHILADELPHIA CITY
  • School District Key: 803408593408
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: U30
  • Lot Size Acres: 0.02
  • Lot Dimensions: 24.00 x 40.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 966.00
  • Property Condition: Excellent
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Owner Occupied, Yearly
  • Owner Pays: Water
  • Total Actual Rent: 94500.00
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • School Tax: 5951.00
  • Tax Annual Amount: 10627.00
  • Assessor Parcel Number: 055006880
  • Tax Lot: 20
  • Tax Total Finished Sq Ft: 1944
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

Multi Family

  • Income Includes: Apartment Rentals

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

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 For Sale $1,100,000 -- $319 / Sq Ft
Source: Bright MLS

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Source: Bright MLS

MLS Number: PAPH2504872

Bright MLS