Multifamily Gut Renovation
For Sale
Contact for pricing
Pending
209 S 60TH ST, Philadelphia, PA 19139
Full gut renovation opportunity for multifamily redevelopment, located in an Opportunity Zone with potential 10-year tax abatement eligibility.
Property Size3,600 SF
Days on Market125
Property Features for 209 S 60TH ST
General Information
Standard status
Pending
Size
3,600 SF
Class
D
Property subtype
Retail, Multifamily, Mixed Use
Zoning
CMX3
Investment Type
Redevelopment
Building Details
Year Built
1915
Stories
3
Units
5
Listing Agency:
Berkshire Hathaway HomeServices Fox & Roach REALTORS Devon
Listed By:
Alina Xie · License #PA RS338386
(732) 513-6855
Source:
Crexi
Added: May 6
Changed: Aug 8
Last Checked: Sep 6 at 2:05AM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
