239 Race St 5 Unit Apartment Building $1,600,000 ($320,000/Unit) Philadelphia, PA 19106

239 Race Street: A Legacy of Industrial Elegance in Philadelphia’s Old City
Own an Architectural Masterpiece and a prestigious piece of American history with the John Jordan Building, a meticulously maintained, historic masonry structure standing in the heart of Old City since 1900. This mixed-use powerhouse offers a rare blend of (5) five residential condominiums and a premier commercial office suite, totaling approximately 5,895 square feet of high-yield real estate.
Residential Interiors: Where Historic Soul Meets High Design Step inside to discover interiors that define "Old City Luxury." Each unit serves as a masterclass in industrial-chic design, featuring:
Original Craftsmanship: Glistening wide-plank pine floors and dramatic decorative marble fireplaces serve as stunning focal points in the living areas.
Curated Details: Soaring 10-foot+ ceilings are complemented by bespoke built-in library bookshelves, some featuring classic rolling ladders.
Light & Air: Massive factory-style windows and private patio’s balconies/decks offer sun-drenched living spaces and views of the neighborhood's tree-lined beauty.
Modern Amenities: Every unit is thoughtfully "fully loaded" with in-unit laundry, appliances (including dishwashers and gas ranges), and central A/C.
Detailed Unit Breakdown & Monthly Income This diversified portfolio provides immediate income stability with the following residential layouts:
Unit A: 1 Bed / 1 Bath | 780 sq ft
Unit B: 2 Bed / 1.5 Bath | 1,422 sq ft
Unit C: 3 Bed / 2 Bath | 1,272 sq ft
Unit D: 2 Bed / 1 Bath | 966 sq ft
Unit E: 1 Bed / 1 Bath + Den | 720 sq ft
Basement 735 sq ft
Unrivaled Investment & Development Upside Strategically zoned CMX-3, this property is more than a turn-key income generator, it is a growth engine with room to raise the current rents of these amazing condo's.
Development Potential: The current zoning allows for significant future expansion, including potential vertical or rear extensions.
An additional 735 square feet of cellar storage offers a "blank canvas" for resident amenities or expanded commercial utility.
Optimized Systems: Benefit from a full roof replacement in 2023, new HVAC systems, and new water heaters, ensuring minimal capital expenditure for years to come.
At the Center of Philadelphia’s Historic Renaissance Boasting a near-perfect Walk Score of 97, 239 Race Street places your tenants in the "Most Stylish Neighborhood" in the city.
Culture: Seconds from the Benjamin Franklin Bridge, Race Street Pier, and the legendary Elfreth’s Alley.
Dining: Surrounded by world-class staples like Race Street Cafe, Tuna Bar, and Cafe Ole.
Schedule your appointment today to capture this timeless allure of Old City. 239 Race Street is an acquisition for the ages.
Live. Work. Own the Entire Experience. This is one of those rare properties where you don’t just invest, you position yourself. Operate your business from a premier commercial space while living upstairs in a stunning Old City residence, or keep the full building income-producing while still having the option to step in whenever you want. Flexibility, control, and presence, all under one roof in one of Philadelphia’s most iconic neighborhoods.
Schedule your appointment today!
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