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MLS: #PAPH2645586, Listed By: Nancy Alperin, MAXWELL REALTY COMPANY, Source:Bright MLS

229 Race Street

PHILADELPHIA, PA 19106
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Bed 4

Bed

Bath 3

Bath

SqFt3,493

Sqft

Acres0.04

Acre(Lot)

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 fin ished 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.

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Detail Ic Property Details

Property Type : Residential

Price : $1,175,000

AD Id : 87800589

MLS Id : PAPH2645586

Beds : 4

Lot Size : 0.04 Acre

Living Area Size : 3,493

Year Built : 1850

County : PHILADELPHIA

Subdivision: Old City

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Map

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 3 Full Baths: 2 Half Baths: 1

    Room Information

    Has Basement: Yes Basement: Finished, Full
  • Flooring Information

    Wood
  • Interior Features

    Eat-in Kitchen, Ceiling Fan(s), Kitchen Island, Recessed Lighting, Walk-In Closet(s), Built-in Features, Beamed Ceilings, Open Floorplan Appliances: Gas Water Heater, Washer, Dryer
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: Central Air, Ceiling Fan(s), Electric

  • Building Information

    Year Built: 1850 Building Area Total: 3493 Patio And Porch Features: Patio, Porch Pool Features: None Private Pool: No
  • Exterior Features

    Exterior Features: Balcony, Lighting

  • Lot Information

    Lot Dimensions: 19.00 x 86.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1634

    Property Information

    Subdivision: OLD CITY Source Property Type: Residential Postal Code Plus 4: 1909 Property SubType: Townhouse Levels: Three Or More Property Age: 176

  • Listing Price Information

    Listing Price: $1175000

  • Tax Information

    Parcel Number: 052201000 Tax Lot: 169 Tax Year: 2025 Annual Tax: $22228

  • Parking Information

    None

  • Location Information

    Direction: Use GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
7 N Christopher Columbu.., Philadelphia, PA, 19106 $495,000 2 3 2,165 2,165 SqFt
142R S Front Street, Philadelphia, PA, 19106 $1,745,000 4 5 3,896 3,896 SqFt
115 Church Street, Philadelphia, PA, 19106 $1,920,000 4 7 4,070 4,070 SqFt
308 N 2nd Street, Philadelphia, PA, 19106 $1,500,000 5 5 3,800 3,800 SqFt
26 S Strawberry Street, Philadelphia, PA, 19106 $999,999 3 3 3,264 3,264 SqFt
249 Philip Way, Philadelphia, PA, 19106 $1,595,000 3 7 4,655 4,655 SqFt
303 S American Street, Philadelphia, PA, 19106 $1,295,000 3 3 1,680 1,680 SqFt
303 Spruce Street, Philadelphia, PA, 19106 $2,300,000 6 6 3,577 3,577 SqFt
2 Willings Alley Mews, Philadelphia, PA, 19106 $949,000 3 3 2,283 2,283 SqFt
327 Lawrence Court, Philadelphia, PA, 19106 $650,000 4 2 1,435 1,435 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 07/27/2026 @ 18:38

MLS: PAPH2645586 LISTED BY: Nancy Alperin, MAXWELL REALTY COMPANY 215-546-6000 SOURCE: Bright MLS

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