6226 RACE ST, Philadelphia, PA 19139
6226 RACE ST, Philadelphia, PA 19139
6226 RACE ST, Philadelphia, PA 19139
39
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Listed by Rick Land • KW Empower
$319,000
Est. payment /mo
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2,248 SqFt
New

6226 RACE ST Philadelphia, PA 19139

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Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,248 sqft

Price per Sqft $141

Subdivision Haddington

MLS Listing ID PAPH2638820

Style Traditional

Abv Grd Liv Area 2,248

Year Built 1925

Annual Tax Amount $3,257

Tax Year 2025

Lot Size 2,200 Sqft

Acres 0.05

Lot Dimensions 20.00 x 110.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Investor opportunity with tremendous upside! This legal 3-unit, semi-detached multifamily property offers approximately 2,400 square feet of living space and is approximately 90% complete, presenting the perfect chance for an investor to step in, finish the project, and reap the rewards. Being sold due to a partnership dissolution, this is a rare opportunity to acquire a nearly completed income-producing asset at a significant value. The property features an attractive unit mix consisting of two 2-bedroom, 1-bath apartments and one spacious 3-bedroom, 1-bath apartment, for a total of 7 bedrooms and 3 bathrooms. Major infrastructure improvements have already been completed, including separate utility meters and a brand-new water meter, helping streamline future management and tenant billing. With projected rental income of approximately $5,300 per month, this property offers exceptional cash flow potential and is positioned to achieve a strong cap rate once fully stabilized. Whether you're a seasoned multifamily investor, a landlord looking to expand your portfolio, or a developer seeking a project nearing the finish line, this property checks all the boxes.Take advantage of this unique opportunity to complete a high-yield multifamily asset and add a strong performer to your investment portfolio.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RSA5

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Radiator

Cooling None

Fireplace N

Heat Source None

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Above Ground Finished SqFt 2248

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 341016300

Ownership Fee Simple

SqFt Source 2248

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

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6226 RACE ST