1206 N 5TH ST, Philadelphia, PA 19122
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1206 N 5TH ST, Philadelphia, PA 19122
1206 N 5TH ST, Philadelphia, PA 19122
1206 N 5TH ST, Philadelphia, PA 19122
1206 N 5TH ST, Philadelphia, PA 19122
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ONest Real Estate Harrisburg OFFICE

ONest Real Estate Harrisburg OFFICE

+1(717) 765-7665
Listed by Stacy Sanseverino • KW Empower
$ 450,000
Est. payment /mo
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Pending

1206 N 5TH ST Philadelphia, PA 19122

1,338 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Subdivision Northern Liberties

MLS Listing ID PAPH2587216

Year Built 1915

Available Date 2026-03-06

Annual Tax Amount $4,774

Tax Year 2026

Lot Size 1,338 Sqft

Acres 0.03

Lot Dimensions 17.00 x 78.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

1206 N 5th Street is a fully occupied, income-producing 4-unit mixed-use building in the heart of the thriving Northern Liberties/Olde Kensington corridor, featuring 1 commercial storefront, 1 studio apartment, and 2 one-bedroom units, plus a shared outdoor space and basement with common laundry. All utilities are separately metered, except water and those powering the laundry, helping to control operating expenses. The property offers a strong 10.5% cap rate, so you generate income on day one. The new price reflects some capital improvements that are needed to sustain the building for the next 100 years! All leases are currently month-to-month, providing flexibility to renovate and increase rents as units turn over or to pursue owner-occupancy if desired. The residential units offer enormous ceilings and excellent natural light, and the commercial space features a traditional storefront façade without the burden of a historical designation. Lead-Safe Certificates for all three residential units, Rental License, Fire Alarm Certificate, and leases will be provided to the Buyer for their review after their offer is accepted. Located just steps from Girard Avenue and a few blocks from the shops and restaurants at the Piazza and along Frankford Avenue and Front Street. Convenient access to the Market-Frankford Line for an easy commute to Center City and beyond, this high-visibility location continues to attract entrepreneurs and renters alike, making it an exceptional opportunity for investors seeking immediate cash flow with long-term upside.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Window Unit(s)

Flooring Wood, Ceramic Tile

Inclusions Refrigerators, washer, dryer

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools James R. Ludlow

Middle Schools James R. Ludlow

High Schools Penn Treaty

School District The School District Of Philadelphia

Others

Tax ID 871524510

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Standard

Bright MLS (BMLS)
ONest Real Estate Harrisburg OFFICE

ONest Real Estate Harrisburg OFFICE

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+1(717) 765-7665

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1206 N 5TH ST