1121 Walnut St

Philadelphia, PA 19107

$2,875,000
Price
—
Beds
—
Baths
6,076 Sq. Ft.
$473 / Sq. Ft.
6,076
Sq. Ft.
$473
per Sq. Ft.
Listed By Compass
Listed By Compass
a view of shops on a street
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a kitchen with stainless steel appliances granite countertop a refrigerator stove and sink
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Description

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...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

Listing Agents

  1. Bruno Pouget

    Bruno Pouget

    Listing Agent

    Compass

    bruno.pouget@compass.com

    P: (215)-990-9525

    CallTextEmail
  2. Brett Caspi

    Brett Caspi

    Alternative Listing Agent

    Compass

    brett.caspi@compass.com

    P: (516)-633-6106

    CallTextEmail

Property Details for 1121 Walnut Street

Tax ID Number
871011000
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Expected On Market Date
11-20-2025
Subdivision
PHILADELPHIA (PHILADELPHIA PA)
LISTING UPDATED: 11/20/2025 12:06 AM

Property Details for 1121 Walnut Street

StatusActive
MLS #PAPH2559208
Days on Market23
Taxes$19,955 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1900
Lot Size0.06 AC / 2,793 SF
CountyPhiladelphia County
Buyer's Agent Compensation0%

Location

Add your commute

Building Information for 1121 Walnut Street

Stories-Residences4Year Built1900Building Size-Lot Size0.06 AC / 2,793 SF

Payment Calculator

$15,869 per month

30 year fixed, 6.28% Interest

Principal and Interest

$14,206

Property Taxes

$1,663

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1121 Walnut Street

Location
Location
  • School District Name: PHILADELPHIA CITY
  • School District County ID: 803408593408
  • SchoolDistrictSource: Listing Agent
  • Elementary School: MC CALLS (PHILADELPHIA PA)
  • County: PHILADELPHIA
  • MLS Area: 19107 (19107)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Senior Community: No
  • Type of Condo: Condo/Coop Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $1,425,600
  • Year Assessed: 2025
  • County Tax: $0
  • Improvement Assessed Value: $1,140,480
  • City Town Tax: $8,780
  • Land Assessed Value: $285,120
  • Clean Green Assessed: No
  • Land Use Code: Y70
  • Zoning: CMX5
  • Tax Lot: 15
  • School Tax: $11,175
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Pest Control
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Units Leased Count: 4
  • Number Of Units Vacant: 0
  • Vacancy Allowance Rate: .00%
  • Rent Control: No
Financial Information
Expenses
  • Operating Expense: $49,813
  • Operating Expense Includes: Insurance, Snow Removal, Trash
Financial Information
  • Gross Income: $243,503
  • Gross Scheduled Income: $243,503
  • Net Operating Income: $193,691
  • Annual Rental Income: $243,503
  • Income Includes: Apartment Rentals, Other
  • Cap Rate: 6.74
  • Existing Lease Type: Gross with Expense Stop
Building Info
Building Info
  • Building Level Count: 4
  • Building Units Total: 4
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 21.00 x 133.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1414516
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: Off Street, On Street
Interior Features
Interior Features
  • Fireplace: Yes
  • Fireplaces Count: 2
  • Accessibility Features: Other, Other Bath Mod, Mobility Improvements, Level Entry - Main, 2+ Access Exits
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 200+ Amp Service, 3 Phases, Other
Confidential Data
Listing Office

Property History for 1121 Walnut Street

DateEvent & SourcePriceAppreciation
Nov 20, 2025

Listed (Active)

BRIGHT #PAPH2559208

$2,875,000—
DateEvent & SourcePrice
11/20/2025

Listed (Active)

BRIGHT #PAPH2559208

$2,875,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1121 Walnut Street

Taxable ValueLand-Additions-Total-
Tax Record2025$18,556 ($1,546 / month)
Home Facts
Total Finished SqFt6,076 SqFtAbove Grade Finished SqFt6,076 SqFtStories3Lot Size2,793 SqFtStyleOffice BuildingYear Built1900ZoningCMX5CountyPHILADELPHIAAPN87-1-0110-00

Schools near 1121 Walnut Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
McCall Gen George A School
Public - K to 8
Franklin Benjamin High School
Public - 9 to 12
Constitution High School
Public - 9 to 12
Academy At Palumbo
Public - 9 to 12
Rating
School
Distance
McCall Gen George A School
PublicK to 8

Franklin Benjamin High School
Public9 to 12

Constitution High School
Public9 to 12

Academy At Palumbo
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1121 Walnut Street, Philadelphia, PA 19107

1121 Walnut Street is a multi-family home for sale in Philadelphia, PA 19107. This property was listed for sale on November 20, 2025 by Compass, it's currently listed at $2,875,000. This listing's school district is The School District of Philadelphia. Nearby schools include McCall Gen George A School, Franklin Benjamin High School and Constitution High School. 1121 Walnut Street is a 0-bed, 0-bath, 6,076 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.