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Under contract
  • $2,875,000

    1121 Walnut St, Philadelphia, PA 19107

    6beds
    --baths
    6,076sqft
    : 
    Townhouse
    Built in 1900
    -- sqft lot
    $2,636,800 Zestimate®
    $473/sqft
    $-- HOA

    What's special

    Stabilized retail spaceStylish professionally reimagined apartments
    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
    127 days
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    28
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    0
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    Zillow last checked: 7 hours ago

    Listing updated: February 04, 2026 at 02:04am

    Listed by:

    Bruno Pouget 215-990-9525,

    Compass RE 2674358015,

    Co-Listing Agent: Brett Caspi 516-633-6106,

    Compass RE

    Source: Bright MLS,MLS#: PAPH2559208MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      Basement
      • Area: 0
      Heating
      • Central, Natural Gas
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Gas Water Heater
      Features
      • Number of fireplaces: 2
      Interior area
      • Total structure area: 6,076
      • Total interior livable area: 6,076 sqft

      Property

      Parking
      • Parking features: Off Street, On Street
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Other, Other Bath Mod, Mobility Improvements, Accessible Entrance, 2+ Access Exits
      Features
      • Pool features: None
      Lot
      • Size: 2,793 Square Feet
      • Dimensions: 21.00 x 133.00
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 871011000
      • Zoning: CMX5
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Traditional
      • Property subtype: Townhouse
      Materials
      • Masonry
      • Foundation: Stone, Other
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Electric: 200+ Amp Service, 3 Phases, Other
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Philadelphia
      • Municipality: PHILADELPHIA

      Financial & listing details

      • Price per square foot: $473/sqft
      • Tax assessed value: $1,425,600
      • Annual tax amount: $19,955
      • Date on market: 11/20/2025
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,1031 Exchange,Private Financing Available
      • Ownership: Fee Simple
      • Total actual rent: 243503
      • Income includes: Apartment Rentals, Other
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        Estimated market value

        $2,636,800

        $2.50M - $2.77M

        $2,552/mo

        Price history

        Price history
        DateEventPrice
        2/1/2026Contingent$2,875,000$473/sqft
        Source: Bright MLS #PAPH2559208 Report a problem
        11/20/2025Listed for sale$2,875,000+576.5%$473/sqft
        Source: Bright MLS #PAPH2559208 Report a problem
        9/19/2000Sold$425,000$70/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$19,956 -3.9%$1,425,600 -3.9%
        2024$20,763 $1,483,300
        2023$20,763 +8.5%$1,483,300
        2022$19,137 --
        2021$19,137 +1%--
        2018$18,948 +168%--
        2017$7,071 -61.6%--
        2016$18,396 -1.7%--
        2015$18,711 --
        2014$18,711 $1,336,700

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $16,915/mo
        Principal & interest
        $14663
        Property taxes
        $2252
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          Climate risks

          Neighborhood: Washington Square

          Getting around

          100 / 100
          Walker's Paradise
          100 / 100
          Rider's Paradise
          87 / 100
          Very Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Philadelphia City

          Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

          Local experts in 19107

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