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Discover the exceptional potential of 239 Race Street, a spacious 5-unit building perfectly positioned at the corner of 3rd and Race in the heart of Old City"”one of Philadelphia's most iconic and high-demand neighborhoods. Just steps from the acclaimed Bridge on Race and surrounded by vibrant restaurants, nightlife, and historic landmarks, this building offers an incredible opportunity for investors, developers, or owner-occupants seeking prime real estate in a coveted location. This fully occupied, income-producing property includes 5 separately deeded condominiums plus a 735 sq ft cellar storage space, with flexible lease options and potential for short-term rentals or live/work setups. All units feature HVAC systems and water heaters that have been replaced within the last few years, and the roof and wood trim were updated in 2023, offering peace of mind for the next owner. Unit Breakdown: Unit A: 1 bed / 1 bath - 780 sq ft - Est. Rent: $1,750/month Unit B: 2 bed / 1.5 bath - 1,422 sq ft - Est. Rent: $2,200/month Unit C: 3 bed / 2 bath - 1,272 sq ft - Est. Rent: $2,500/month Unit D: 2 bed / 1 bath - 966 sq ft - Est. Rent: $1,800/month Unit E: 1 bed / 1 bath + Den - 720 sq ft - Est. Rent: $2,135/month Bonus Cellar Space: 735 sq ft of extra storage Total Building Size: Approx. 5,895 sq ft Estimated Yearly Taxes: $19,592 Whether you're looking to expand your rental portfolio, develop luxury condos, or secure an office/home combo in one of Philadelphia's most walkable districts"”239 Race Street is a must-see. Half a block from 2nd & Race, and easily accessible by transit and major roadways.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/25/2025 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | 19106 (19106) |
| COUNTY | PHILADELPHIA | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | 19106 (19106) |
| HEAT | Forced Air, Natural Gas |
| LOT | 1307 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 19592 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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