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239 Race Street

Philadelphia, PA 19106

– beds
– baths
769 sqft
1,306 sqft lot
$2,730 per sqft
1900 build

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.

Listing courtesy of BRIGHT / TCS Management, LLC

Last checked: Checking… • Last updated Apr 29, 2025 •

MLS# PAPH2476604 —

The Building

Year Built:

1900
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Masonry
Building Units Total:

4
Structure Type:

Interior Row/Townhouse
Architectural Style:

Unit/Flat, Traditional, Colonial
Accessibility Features:

None
Foundation Details:

Brick/Mortar
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

769

Interior

Flooring Type:

Hardwood
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

769
Living Area SqFt:

769 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Cash, Conventional
Possession:

Settlement

Location

Directions:

Located near the intersection of Race and 3rd St, near the Benjamin Franklin Bridge, near Race Street Cafe, and the many shops in Old City.
Latitude:

39.95417023
Longitude:

-75.14437866

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Estimated
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,306 Sqft
Zoning:

CMX3
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

570
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

888035668
Tax Year:

2025
Tax Lot:

753
Tax Annual Amount:

$19,592
Year Assessed:

2025
School Tax:

2114.0
City/Town Tax:

1661.00
Total Taxes Payment Frequency:

Annually

The Listing

Virtual Tour

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Vacation Rental:

No
One Bedroom Units:

2
Two Bedroom Units:

2
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/29/25 Apr 29, 2025	Listed / Active	BRIGHT	$2,100,000

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This multifamily located in Central, Philadelphia, PA 19106 is currently for sale for $2,100,000. 239 Race Street is a 769 square foot multifamily with – beds and – baths. 239 Race Street is in the Central neighborhood of Philadelphia and has a WalkScore® of 97, making it a walker’s paradise. This multifamily is in the attendance area of Benjamin Franklin High School and Gen. George A. Mccall School.

Listing Courtesy of: BRIGHT and TCS Management, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.