Multifamily Gut Renovation
209 S 60TH ST Philadelphia, PA 19139
209 S 60TH ST, Philadelphia, PA, 19139
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For Sale
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Full gut renovation opportunity for multifamily redevelopment, located in an Opportunity Zone with potential 10-year tax abatement eligibility.
Property Size3,600 SF
Price / SF$54.17
Days on Market78
Property Features for 209 S 60TH ST
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1915
Listing agency
Berkshire Hathaway HomeServices Fox & Roach REALTORS Devon
(732) 513-6855
Listed by
Alina Xie · License #PA RS338386
Source
Crexi
Added: May 6 Updated: Jul 21 at 1:50PM Checked: Jul 21 at 1:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Fox & Roach REALTORS Devon
Investment Insights
Based on property information with market context.
This property at 209 S 60th St is presented as a full gut renovation opportunity suitable for multifamily redevelopment. The offering is positioned in an Opportunity Zone and may be eligible for Philadelphia’s 10-year tax abatement, subject to program requirements.
The remarks also note demand for one-bedroom rentals, referencing a shortage of affordable and workforce housing and indicating that Section 8 and voucher-compatible rental potential may be supported by local demand. Additionally, the listing mentions that recent citywide property tax reassessments could affect operating costs.
With the existing condition described as a full renovation, the property is being marketed as a value-add redevelopment asset for renovation and stabilization strategies.
The remarks also note demand for one-bedroom rentals, referencing a shortage of affordable and workforce housing and indicating that Section 8 and voucher-compatible rental potential may be supported by local demand. Additionally, the listing mentions that recent citywide property tax reassessments could affect operating costs.
With the existing condition described as a full renovation, the property is being marketed as a value-add redevelopment asset for renovation and stabilization strategies.
Key Highlights
- Built in 1915—full gut renovation required for multifamily redevelopment at 209 S 60th St.
- Located in an Opportunity Zone, with potential eligibility for Philadelphia’s 10‑year tax abatement.
- Multifamily redevelopment opportunity with strong one‑bedroom rental demand noted in the remarks.
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
Specialty property - Full gut renovation opportunity for multifamily redevelopment, located in an Opportunity Zone with potential 10-year tax abatement eligibility.
Where is this specialty property located?
The property is located at 209 S 60TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Built in 1915—full gut renovation required for multifamily redevelopment at 209 S 60th St.; Located in an Opportunity Zone, with potential eligibility for Philadelphia’s 10‑year tax abatement.; Multifamily redevelopment opportunity with strong one‑bedroom rental demand noted in the remarks.
