Philadelphia, PA 19107 1121 Walnut Street

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Presented By: Compass Pennsylvania, LLC
  • MLS# PAPH2559208
  • 11/13/2025
  • Request Tour
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  • Beds • 6

Home Details

An extraordinary investment opportunity awaits at 1121 Walnut Streetan impeccably renovated, fully occupied mixed-use property in the vibrant heart of Midtown Philadelphia. This premier CMX5-zoned asset features two 2-bed/2-bath residences, two 1-bed/1-bath residences, and a stabilized retail space, all situated within one of the citys fastest-growing districts. Surrounded by luxury development, world-class hospitality, major medical institutions, and the bustling Convention Center, the property occupies a prime position at the center of Philadelphias continued urban renaissance. Designed for both immediate performance and long-term potential, this dynamic building blends modern residential living with established commercial tenancy. Four stylish, professionally reimagined apartments rise above a flagship restaurant tenant anchoring the ground floor, creating a balanced and dependable income stream. With a cap rate above 7% and full occupancy, the property offers turnkey stability alongside impressive upside through its CMX5 zoningaccommodating future vertical expansion, repositioning, or complete redevelopment. Investment advantages include the security of long-term tenants, the strength of diversified residential and commercial income, the appeal of newly renovated units with strong rental demand, and the rare flexibility afforded by CMX5 designation. Its unbeatable locationsteps from premier dining, retail, cultural institutions, arts venues, multiple transit lines, Jefferson Hospital, and the Convention Centerpositions this asset at the epicenter of convenience and continued appreciation. Owner financing is also available, offering an exceptional advantage for qualified buyers. Whether you are a seasoned investor seeking reliable, high-yield performance or a visionary buyer looking to capitalize on Midtowns explosive momentum, 1121 Walnut Street represents a rare opportunity to anchor yourself in Philadelphias most exciting corridor of growth. This offering is more than an acquisitionit is a strategic foothold in the citys next era of transformation. Review attached Pro Forma provided for financial details
Presented By: Compass Pennsylvania, LLC

Interior Features for 1121 Walnut Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Fireplaces2
Total Stories4

General for 1121 Walnut Street

Acceptable FinancingCash, Conventional, Exchange, Private
AccessibilityOther, Other Bath Mod, Mobility Improvements, Level Entry - Main, 2+ Access Exits
Architectural StyleTraditional
Cap Rate6.74
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsNorth on Walnut between 11th and 12th
Electric200+ Amp Service, 3 Phases, Other
Garage Y/NNo
Gross Income243503.00
HeatingCentral
Home Warranty Y/NNo
Lease TypeGross with Expense Stop
Living Area6076
Lot Size Square Feet2793.00
Lot Size UnitsSquare Feet
MLS Area19107 (19107)
MunicipalityPHILADELPHIA
Net Operating Income193691.00
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant
One Bedroom Units Count2
Operating Expense49812.88
Other StructuresAbove Grade, Below Grade
OwnerPaysPest Control
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG473.17
Property SubtypeOther
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Tax Annual Amount19955.0
Tax Assessed Value1425600.0
Tax Lot15
Tax Year2025
Total Actual Rent243503.00
Total SQFT6076
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningCMX5

Exterior for 1121 Walnut Street

Foundation DetailsStone, Other
Land Assessed Value285120.00
Land Use CodeY70
Lot Dimensions21.00 x 133.00
Lot Size Acres0.06
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
SpaNo
Type of ParkingOff Street, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $2,875,000
MLS#PAPH2559208
List Date 11/13/2025
Property Type Multi-Family
Phone 703.929.4729
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