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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.
Property Type(s):
Commercial
| Last Updated | 4/25/2025 | Year Built | 1900 |
|---|---|---|---|
| Community | 19106 (19106) | County | PHILADELPHIA |
SCHOOLS
| 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 |
Location
Listing provided by TCS Management, LLC
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 Keller Williams 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. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. 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.
Data last updated: 4/25/25 9:46 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
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