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1206 E Palmer St, 
Philadelphia, PA 19125

$719,000


7

Beds


4

Baths


2,418

Sq Ft


Multi-Family

Coming Soon

Listed by

Ben Katz

2152609337

Last updated:

October 19, 2026, 01:40 AM

MLS#

PAPH2678862

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About This Home

1206 E Palmer St

Presenting an exceptional investment or owner-occupant opportunity in the heart of Fishtown. 1206 E Palmer Street is a well-crafted, three-unit mixed-use property built in 2017, offering a compelling combination of modern finishes, consistent tenant demand and with strong rental income, and flexibility under CMX-2 commercial mixed-use zoning. The property features a bi-level commercial space on the ground floor, along with two residential apartments on the upper levels, each offering two bedrooms and one bathroom. The versatile commercial space includes a lower-level kitchen, two full bathrooms, a private rear patio, and an in-unit washer and dryer. With its flexible layout, the space offers a variety of potential uses, including boutique commercial or wellness services, or conversion to a residential apartment. The former spa and wellness tenant has recently vacated, providing buyers the opportunity to take possession of the commercial space vacant or explore occupancy arrangements (subject to buyer preferences). The two upper-level residential units feature oversized, front-facing Pella windows, inviting kitchens with quartz countertops, in-unit washers and dryers, and clean, modern finishes that create a comfortable, contemporary living environment. Located in the heart of booming Fishtown, this property offers an attractive combination of proven residential rental income, commercial leasing potential, and flexibility for an owner-occupant seeking to offset expenses with its revenue stream. Quality construction, versatile mixed-use potential, and a sought-after location make 1206 E Palmer Street a compelling opportunity in a market where well-positioned investment properties remain limited in demand. A must-see for investors and owner-occupants alike! Unit 1 - $2,250 (projected) per month Unit 2 - $1,700 + $30 water per month Unit 3 - $1,700 + $30 water per month Rent roll= $68,520 NOI = $54,800 CAP RATE = 7.62%

Home Facts

Multi-Family

4 Baths

7 Bedrooms

Built in 2016

Price Summary

719,000

$297 per Sq. Ft.

MLS #:

PAPH2678862

Last Updated:

October 19, 2026, 01:40 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

2,418 Sq. Ft.


Structure

Structure

Building Area:

2,418 Sq. Ft.

Year Built:

2016


Finances & Disclosures

Finances

Price:

$719,000

Price per Sq. Ft:

$297 per Sq. Ft.

1206 E Palmer St

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.