Development Opportunity Near Center
For Sale
$599,985
838-840 N 12TH Street, Philadelphia, PA 19123
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,796 SF
Lot Size0.02 Acres
Price / SF$334.07
Days on Market121
Property Features for 838-840 N 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Driveway
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,796 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
2364
Utilities
Heating system
Hot Water(Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1920
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Platinum Realty - Wyomissing · Keller Williams Realty
(610) 898-1441
Listed By:
steven lee sims Jr. · License #RS289603
(717) 222-1549
Added: Apr 6
Changed: Jun 9
Last Checked: Aug 4 at 3:06PM
MLS# PAPH2601504
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located eight blocks from Center City in the Spring Garden area, this property presents a development opportunity. The offering includes two separate parcels, providing added flexibility and scale for development. Parcel 1 measures 15 x 58, while Parcel 2 measures 18 x 55. Both parcels, totaling 0.0197 acres, must be sold together as a package. The property, with a size of 1796 square feet, is currently configured as a former funeral home with two residential units: one 1-bedroom apartment and one 2-bedroom apartment. This property presents a prime redevelopment opportunity with the potential to build three 3-story homes, making it suitable for builders looking to maximize return in a high-growth area. The location is surrounded by active new construction and offers strong upside potential for resale or long-term hold. The parcels can be developed individually or as a larger combined project. The former funeral home is still in operation.
Key Highlights
- Prime redevelopment opportunity in a high‑growth area near Center City and Broad Street.
- Two separate parcels included (15 x 58 and 18 x 55) offering flexibility and scale for development.
- Potential to build three 3‑story homes.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two parcels for redevelopment near Center City and Broad Street.
Where is this residential land & home lot located?
The property is located at 838-840 N 12TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,985.
What are key features of this property?
This property features: Prime redevelopment opportunity in a high‑growth area near Center City and Broad Street.; Two separate parcels included (15 x 58 and 18 x 55) offering flexibility and scale for development.; Potential to build three 3‑story homes.
