Philadelphia, PA 19106,239 RACE ST
Philadelphia, PA 19106,239 RACE ST
Philadelphia, PA 19106,239 RACE ST
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Listed by Moshe Adika • TCS Management, LLC
$2,000,000
Est. payment /mo
5,895 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,895 sqft

Price per Sqft $339

MLS Listing ID PAPH2472694

Originating Board BRIGHT

Year Built 1900

Available Date 2025-04-25

Annual Tax Amount $19,592

Tax Year 2025

Lot Size 1,500 Sqft

Acres 0.03

Property Sub-Type Five Or More Units

Property Description

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.

Location

State PA

County Philadelphia

Area 19106 (19106)

Zoning CMX3

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 888035668

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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agent

Springer Realty Group

+1(484) 498-4000

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