1204 E PALMER ST Philadelphia, PA 19125
1,710 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,710 sqft
Price per Sqft $356
Subdivision Fishtown
MLS Listing ID PAPH2678864
Style Straight Thru
Abv Grd Liv Area 1,710
Year Built 2016
Available Date 2026-10-20
Annual Tax Amount $5,505
Tax Year 2026
Lot Size 570 Sqft
Acres 0.01
Lot Dimensions 14.25' x 40.00'
Property Sub-Type Triplex
Source BRIGHT
Property Description
The property features a bi-level commercial space on the ground floor, along with two well appointed residential efficiency apartments on the upper levels, each offering one bedroom and one bathroom.
With its versatile layout, the commercial space offers a variety of potential uses, including boutique commercial or wellness services, or conversion to a residential apartment with a simple kitchen conversion.
The two upper-level residential efficiency units feature oversized, front-facing Pella windows, inviting galley kitchens with quartz countertops, in-unit washers and dryers, and clean, modern finishes that create a comfortable, contemporary living environment. Historically, each residential unit has leased consistently with high demand, tenant requested lease extensions, and minimal owner vacancies!
Located in the heart of booming Fishtown, this property offers an attractive combination of proven residential rental income, commercial leasing potential, and flexibility for an owner-occupant seeking to offset expenses with its revenue stream.
Quality construction, versatile mixed-use potential, and a sought-after location make 1204 E Palmer Street a compelling opportunity in a market where well-positioned investment properties are limited in supply!
Unit 1 - $1,800 (projected) per month
Unit 2 - $1,365 per month
Unit 3 - $1,300 per month
Rent roll= $53,580
NOI = $42,500
CAP RATE = 7.00%
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning CMX2
Rooms
Basement Fully Finished
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Above Ground Finished SqFt 1710
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Alexander Adaire
School District Philadelphia City
Others
Tax ID 871095240
Ownership Fee Simple
SqFt Source 1710
Special Listing Condition Standard
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