229 RACE St, Philadelphia, PA 19106
- Beds
- 4
- Baths
- 3
- Sqft
- 3,493
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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 finished 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.
Location
Full feature list
Basic info
- Property type
- Other residential
- Number of bedrooms
- 4
- Number of bathrooms
- 3
- Square feet
- 3,493
- Lot size (acres)
- 0.04
- Year built
- 1850
Interior features
- Basement
- Yes, Finished
- Fireplaces
- 1
- Laundry
- In Unit
Exterior features
- Water view
- Yes
Utilities
- Heating
- Natural Gas
- Cooling
- Central Air
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $22,228
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Bright MLS MLS®#: PAPH2645586 Last checked: …

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