MLS#PAPH2587216
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONNORTHERN LIBERTIES
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
1206 N 5th Street is a fully occupied, income-producing 4-unit mixed-use building in the heart of the thriving Northern Liberties/Olde Kensington corridor, featuring 1 commercial storefront, 1 studio apartment, and 2 one-bedroom units, plus a shared outdoor space and basement with common laundry. All utilities are separately metered, except water and those powering the laundry, helping to control operating expenses. The property offers a strong 9% cap rate, so you generate income on day one. All leases are currently month-to-month, providing flexibility to renovate and increase rents as units turn over or to pursue owner-occupancy if desired. The residential units offer enormous ceilings and excellent natural light, and the commercial space features a traditional storefront façade without the burden of a historical designation. Lead-Safe Certificates for all three residential units, Rental License, Fire Alarm Certificate, and leases will be provided upon successful offer for the Buyer’s review. Located just steps from Girard Avenue and a few blocks from the shops and restaurants at the Piazza and along Frankford Avenue and Front Street. Convenient access to the Market-Frankford Line for an easy commute to Center City and beyond, this high-visibility location continues to attract entrepreneurs and renters alike, making it an exceptional opportunity for investors seeking immediate cash flow with long-term upside. Unit breakdown: 1st Floor Commercial Unit $700/mo (M2M); 1st Floor Rear Studio $995/mo (M2M); 2nd Floor One Bedroom $1200 (M2M); 3rd Floor One Bedroom $1437 (thru 6/30/2026).
Property Features
Property Type: Commercial -
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Hot Water, Radiator
Lot Size: 0.03 Acres
Taxes: $4,774
Year Built: 1915
Feature Descriptions
Days on Site: 35
Exterior: Masonry
Flooring: Wood, Ceramic Tile
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 4
Water: Public
Local Schools
High School: PENN TREATY
Middle School: JAMES R. LUDLOW
Elementary School: JAMES R. LUDLOW
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: KW Empower
Agency Phone: 2156273500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
1206 N 5th Street | MLS# PAPH2587216
This commercial property located at 1206 N 5th Street, Philadelphia, PA 19122 is currently listed for sale with an asking price of $525,000. N 5th Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymarkllc.com today.