229 Race St, Philadelphia, PA 19106
Local realty services provided by:CENTURY 21 Advantage Gold
229 Race St,Philadelphia, PA 19106
$1,099,999
- 4 Beds
- 3 Baths
- 3,493 sq. ft.
- Townhouse
- Active
Listed by: nancy l alperin
Office: maxwell realty company
MLS#:PAPH2645586
Source:BRIGHTMLS
Price summary
- Price:$1,099,999
- Price per sq. ft.:$314.92
About this home
Exceptional INCOME-PRODUCING multi-family opportunity in the heart of historic OLD CITY. This BEAUTIFULLY RESTORED FOUR-STORY DUPLEX features two spacious residences under one roof and generates over $80,000 in annual rental income, making it an outstanding investment or future owner-occupant opportunity. Rich in historic character, the property showcases exposed brick walls, wide-plank hardwood floors, restored original details, decorative fireplaces, custom tile work, soaring 11-foot ceilings on the second floor, and updated kitchens and baths throughout. The first-floor bi-level residence offers approximately 2,000 square feet with a spacious open living area, custom kitchen with granite countertops and stainless steel appliances, one bedroom and full bath on the main level, a fully finished lower level with additional flex space ideal for a bedroom, office, gym or recreation room, laundry, abundant storage, and a private rear patio. The upper residence spans the second through fourth floors and features an OPEN LOFT-STYLE LAYOUT with hardwood floors, wood plank ceilings, a large eat-in kitchen, two bedrooms plus a flexible loft space, one full and a half bath, in-unit laundry, central air, generous closet space, and it’s own private fenced patio. Located in the heart of Old City. This location offers easy access to I-95, I-676, Route 76, Center City, Penn's Landing, Race Street Pier, Spruce Street Harbor Park, Jefferson, Cooper, and Pennsylvania Hospitals, acclaimed restaurants, boutiques, galleries, coffee shops, neighborhood markets, and Philadelphia's most iconic historic landmarks. A rare opportunity to own a TURNKEY INVESTMENT property in one of the city's most desirable and consistently high-demand neighborhoods....
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Home facts
- Year built:1850
- Subdivision & Development:OLD CITY
- Listing ID #:PAPH2645586
- Added:65 day(s) ago
- Updated:September 12, 2026 at 01:52 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Dining Description:Combination Dining/Living, Combination Kitchen/Dining, Dining Area
- Kitchen Description:2nd Kitchen, Breakfast Area, Built-Ins, Combination Kitchen/Living, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting
- Bedroom Description:Entry Level Bedroom, Walk In Closet(s)
- Basement:Yes
- Basement Description:Full, Fully Finished
- Living area:3,493 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Hot Water, Natural Gas
Structure and exterior
- Year built:1850
- Building area:3,493 sq. ft.
- Lot area:0.04 Acres
- Construction Materials:Masonry
- Exterior Features:Balcony, Breezeway, Bump-outs, Exterior Lighting, Patio(s), Porch(es), Sidewalks, Street Lights
- Levels:4 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,099,999
- Price per sq. ft.:$314.92
- Tax amount:$22,228 (2025)
Features and amenities
- Laundry features:Dryer In Unit, Has Laundry, Hookup, Washer In Unit
- Amenities:Built-Ins, Ceiling Fan(s), Exposed Beams, Recessed Lighting
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