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Philadelphia,PA 19140
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,656 sqft
Price per Sqft $109
MLS Listing ID PAPH2480638
Year Built 1942
Annual Tax Amount $5,754
Tax Year 2024
Lot Size 4,589 Sqft
Acres 0.11
Lot Dimensions 64.00 x 72.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Prime Mixed-Use Investment Opportunity – Steps from Temple Hospital
Located at a high-visibility corner just off Broad Street and Old York Road, 1234 Rising Sun Avenue offers a rare chance to own a cash-flowing mixed-use building in one of North Philadelphia's most active corridors.
This well-maintained property features six residential units above a spacious ground-floor commercial space, generating $117,600 in annual income with immediate upside—two units have 20% rental increase potential.
With strong proximity to Temple Hospital, public transit, and major thoroughfares, this property benefits from consistent tenant demand and excellent walkability. The corner positioning adds value for retail exposure and long-term appreciation.
Whether you're expanding your portfolio or seeking a stable asset with room to grow, 1234 Rising Sun delivers on location, income, and potential.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning RM1
Interior
Hot Water Multi-tank
Heating Baseboard - Electric
Cooling None
Inclusions all existing appliances
Heat Source Electric
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881054630
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Private
Listing Terms Cash,Private
Financing Cash,Private
Special Listing Condition Standard