239 Race St Philadelphia, PA 19106

239 Race Street – Mixed-Use 5-Unit Investment Opportunity in the Heart of Old City Welcome to 239 Race Street, a rare mixed-use property located near the corner of 3rd and Race in the heart of Old City. This well-maintained five-unit building includes four residential units, a commercial office space, and an additional 735 sq ft of cellar storage—making it ideal for investors or owner-users seeking flexibility and long-term upside in one of Philadelphia’s most desirable neighborhoods. The total building square footage is approximately 5,895 sq ft. Residential units are a mix of 1- to 3-bedroom layouts, many of which are occupied by long-term tenants, providing immediate stability with significant potential for rent growth over time. The ground-floor commercial office makes this a true mixed-use asset, suitable for a professional looking to operate their business on-site or lease it out for additional income. 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 • Cellar Storage – 735 sq ft (additional value-add space) Recent building upgrades include all HVAC systems and water heaters being replaced within the last few years, a full roof replacement in 2023, and fresh exterior trim painting. With estimated annual taxes at $19,592 and a projected gross rent of over $10,000/month, this property is well-positioned for steady income and future appreciation. Located just a half-block from 2nd & Race and steps from the acclaimed Bridge on Race luxury building, 239 Race offers unbeatable walkability to restaurants, nightlife, public transit, and historic Philadelphia landmarks.