in-place 8 Cap. Built in 2019 and still benefiting from Philadelphia's 10-year tax abatement, this CMX-2 mixed-use property delivers stable, long-term cash flow in a fast-improving section of North Philadelphia. The building includes one street-level commercial tenant (a daycare) and six residential condo-grade units above, all fully leased with strong in-place tenants. The structure and finishes are modern, minimizing near-term maintenance and reducing ownership expense. The property sits along Germantown Avenue's active redevelopment corridor-near new multifamily, community, and retail projects-positioning it for continued appreciation as the neighborhood matures. Highlights 2019 Construction - Modern systems and finishes 100% Occupied - One commercial + six residential tenants Tax Abatement through 2029 - Exceptional near-term yield
| MLS # | PAPH2626220 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 2019 |
| Days On Site | 120 |
| Listing Provided By | Keller Williams Main Line | Jon M O'Shea |
| SQ Feet | 10,404 |
|---|---|
| Story(s) | 1 |
| Zoning | CMX2 |
| Acreage | 0.09 |
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Construction Materials | Masonry |
|---|
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 0 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19122 |
| Area | 19122 (19122) |
| Community Name | WEST KENSINGTON |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in WEST KENSINGTON) | |
Price: $2,250,000 low | high Med: $107,500 sqft: 10,404 low | high Med: 1,482 $ / sqft: $216 low | high Med: $75 On site: 120 low | high Med: 885.5 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19122 |
| Area | 19122 (19122) |
| Community Name | WEST KENSINGTON |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in WEST KENSINGTON) | |
Price: $2,250,000 low | high Med: $107,500 sqft: 10,404 low | high Med: 1,482 $ / sqft: $216 low | high Med: $75 On site: 120 low | high Med: 885.5 | |
![]() | $2,100,000809 Diamond StPhiladelphia, PA 19122 |
![]() | $3,650,0001424 Germantown AvePhiladelphia, PA 19122 |