1121 Walnut St, Philadelphia, PA 19107
Local realty services provided by:CENTURY 21 New Millennium
1121 Walnut St,Philadelphia, PA 19107
$2,875,000
- 6 Beds
- - Baths
- 6,076 sq. ft.
- Multi-family
- Active
Listed by: bruno r. r pouget, brett caspi
Office: compass pennsylvania, llc.
MLS#:PAPH2559208
Source:BRIGHTMLS
Price summary
- Price:$2,875,000
- Price per sq. ft.:$473.17
About this home
An extraordinary investment opportunity awaits at 1121 Walnut Street—an impeccably renovated, fully occupied mixed-use property in the vibrant heart of Midtown Philadelphia. This premier CMX5-zoned asset features two 2-bed/2-bath residences, two 1-bed/1-bath residences, and a stabilized retail space, all situated within one of the city’s fastest-growing districts. Surrounded by luxury development, world-class hospitality, major medical institutions, and the bustling Convention Center, the property occupies a prime position at the center of Philadelphia’s continued urban renaissance.
Designed for both immediate performance and long-term potential, this dynamic building blends modern residential living with established commercial tenancy. Four stylish, professionally reimagined apartments rise above a flagship restaurant tenant anchoring the ground floor, creating a balanced and dependable income stream. With a cap rate above 7% and full occupancy, the property offers turnkey stability alongside impressive upside through its CMX5 zoning—accommodating future vertical expansion, repositioning, or complete redevelopment.
Investment advantages include the security of long-term tenants, the strength of diversified residential and commercial income, the appeal of newly renovated units with strong rental demand, and the rare flexibility afforded by CMX5 designation. Its unbeatable location—steps from premier dining, retail, cultural institutions, arts venues, multiple transit lines, Jefferson Hospital, and the Convention Center—positions this asset at the epicenter of convenience and continued appreciation. Owner financing is also available, offering an exceptional advantage for qualified buyers.
Whether you are a seasoned investor seeking reliable, high-yield performance or a visionary buyer looking to capitalize on Midtown’s explosive momentum, 1121 Walnut Street represents a rare opportunity to anchor yourself in Philadelphia’s most exciting corridor of growth. This offering is more than an acquisition—it is a strategic foothold in the city’s next era of transformation.
Review attached Pro Forma provided for financial details
Contact an agent
Home facts
- Year built:1900
- Listing ID #:PAPH2559208
- Added:32 day(s) ago
- Updated:December 17, 2025 at 05:38 PM
Rooms and interior
- Bedrooms:6
- Living area:6,076 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Natural Gas
Structure and exterior
- Year built:1900
- Building area:6,076 sq. ft.
- Lot area:0.06 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,875,000
- Price per sq. ft.:$473.17
- Tax amount:$19,955 (2025)
New listings near 1121 Walnut St
- New
$169,900Active3 beds 1 baths986 sq. ft.5150 Wakefield St, PHILADELPHIA, PA 19144
MLS# PAPH2566558Listed by: FIFTH REALTY - New
$159,000Active3 beds 2 baths1,180 sq. ft.5009 N 16th St, PHILADELPHIA, PA 19141
MLS# PAPH2567710Listed by: ELITE REALTY GROUP UNL. INC. - New
$129,900Active3 beds 1 baths980 sq. ft.601 N Wilton St, PHILADELPHIA, PA 19131
MLS# PAPH2567762Listed by: ELITE REALTY GROUP UNL. INC. - Coming Soon
$200,000Coming Soon3 beds 1 baths5908 A St, PHILADELPHIA, PA 19120
MLS# PAPH2567790Listed by: EXP REALTY, LLC - New
$170,000Active4 beds 2 baths1,500 sq. ft.137 S 54th St, PHILADELPHIA, PA 19139
MLS# PAPH2567882Listed by: ACQUISITION TEAM LLC - New
$120,000Active2 beds 1 baths870 sq. ft.2236 W Firth St, PHILADELPHIA, PA 19132
MLS# PAPH2567884Listed by: TESLA REALTY GROUP, LLC - Coming Soon
$240,000Coming Soon3 beds 1 baths6159 Charles St, PHILADELPHIA, PA 19135
MLS# PAPH2567898Listed by: HONEST REAL ESTATE - New
$799,999Active1 beds 2 baths2,001 sq. ft.2005-7 E Sergeant St, PHILADELPHIA, PA 19125
MLS# PAPH2567918Listed by: OPUS ELITE REAL ESTATE OF NJ, LLC - New
$250,000Active3 beds 2 baths1,180 sq. ft.1633 S 59th St, PHILADELPHIA, PA 19143
MLS# PAPH2459196Listed by: COMPASS PENNSYLVANIA, LLC - Coming SoonOpen Sat, 10:30am to 12pm
$379,900Coming Soon3 beds 2 baths1541 N 28th St, PHILADELPHIA, PA 19121
MLS# PAPH2562556Listed by: COMPASS PENNSYLVANIA, LLC