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Restored Four-Story Duplex
For Sale
$1,099,999

229 Race St, Philadelphia, PA 19106

Two residences offer updated kitchens, private patios, laundry, and preserved historic architectural details.

Property SizeContact for details
Days on Market10

Property Features for 229 Race St

General Information

Standard status Active

Building Details

Year Built 1850
Listing Agency: MAXWELL REALTY COMPANY
Listed By: Nancy L Alperin · License #RM050817L
Source: Premierehomegroup
Added: Aug 29 Changed: Aug 31 Last Checked: Sep 6 at 12:36PM

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 MAXWELL REALTY COMPANY

Investment Insights

Based on property information with market context.

Built in 1850, this restored four-story duplex contains two residences with distinct layouts and private outdoor areas. The lower bi-level home includes approximately 2,000 square feet, an open living area, custom kitchen with granite countertops and stainless steel appliances, a main-level bedroom and full bath, finished lower-level flex space, laundry, storage, and a rear patio. The upper residence occupies the second through fourth floors and features an open loft-style plan, two bedrooms, flexible loft space, one full bath and one half bath, an eat-in kitchen, in-unit laundry, central air, and a fenced patio.

Historic elements include exposed brick, wide-plank hardwood flooring, decorative fireplaces, custom tile, original details, wood plank ceilings, and 11-foot ceilings on the second floor. The property is at 229 Race St in Philadelphia’s Old City, with access to I-95, I-676, and Route 76, along with nearby hospitals, restaurants, galleries, shops, markets, and waterfront destinations.

Key Highlights

  • Four‑story duplex with two separate residences
  • Built in 1850 with restored historic details, exposed brick, hardwood floors, and decorative fireplaces
  • Lower residence offers approximately 2,000 square feet with finished lower‑level flex space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Plumbing Service Pet Grooming Service Clothing & Fashion Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,253
Businesses Nearby

Demographics for 19106, PA

15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residences offer updated kitchens, private patios, laundry, and preserved historic architectural details.
Where is this duplex located?
The property is located at 229 Race St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Four‑story duplex with two separate residences; Built in 1850 with restored historic details, exposed brick, hardwood floors, and decorative fireplaces; Lower residence offers approximately 2,000 square feet with finished lower‑level flex space
More about this property
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