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1121 Walnut StreetPhiladelphia, PA 19107

Coming Soon

$2,875,000

Smart Buyer Rebate $28,750

An extraordinary investment opportunity awaits at 1121 Walnut Street—an 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 city’s 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 Philadelphia’s 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 zoning—accommodating 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 location—steps from premier dining, retail, cultural institutions, arts venues, multiple transit lines, Jefferson Hospital, and the Convention Center—positions 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 Midtown’s explosive momentum, 1121 Walnut Street represents a rare opportunity to anchor yourself in Philadelphia’s most exciting corridor of growth. This offering is more than an acquisition—it is a strategic foothold in the city’s next era of transformation.

Review attached Pro Forma provided for financial details

Listed by Bruno R. R Pouget

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License #AB068095

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Compass Pennsylvania, LLC

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2159909525

Last updated November 13, 2025

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Source: BrightMLS #PAPH2559208

Listing Facts

  • TypeMulti-family
  • NeighborhoodAvenue of the Arts South
  • Taxes$19,955/year
  • Size6,076 sqft
  • Price per sqft$473

Amenities

  • Parking

Location

Mortgage Calculator

Property Details for 1121 Walnut Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 4
  • Stories Total: 4
  • Year Built: 1900
  • Architectural Style: Traditional
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.06
  • Lot Size Dimensions: 21
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2,793
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.74
  • Gross Income: $243,503.00
  • Operating Expense: $49,812.88
  • Operating Expense Includes: Insurance,Snow Removal,Trash

Taxes

  • Tax Annual Amount: $19,955.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: Yes
  • Fireplaces Total: 2
  • Spa: No

Measurements

  • Living Area: 6,076
  • Living Area Source: Assessor

Other

Features

  • Accessibility Features: Other, Other Bath Mod, Mobility Improvements, Level Entry - Main, 2+ Access Exits

Location

  • Tax Lot: 15

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Electric: 200+ Amp Service, 3 Phases, Other
  • Heating: Central
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.