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549 N 12TH StreetPhiladelphia, PA 19123

For Sale

$539,900

Smart Buyer Rebate $5,399

Discover an incredible opportunity in the heart of Spring Garden with this mixed-use property—perfect for investors or owner-occupants looking to make their mark. The property features a commercial space, most recently used as a restaurant, on the main level and a large one-bedroom apartment above, which will soon be available for rent.

The commercial space offers a versatile footprint with existing electrical infrastructure and restaurant framework in place—ready for a full build-out or renovation to suit your needs.

Currently, the commercial space is occupied by a tenant on a month-to-month lease, paying $4,000 per month and covering approximately 80% of the property’s expenses, including taxes and utilities. The tenant can remain in place for steady investment income or vacate for an end user’s immediate use.

An optional liquor license is also available for purchase, offered separately at $150,000—providing an excellent value for anyone looking to operate a restaurant, bar, or café.

The seller is open to selling the property as-is or completing a custom build-out for the right buyer, subject to the extent of the project/terms.

Whether you’re seeking an income-generating investment or an inviting opportunity to bring your business vision to life, this property offers flexibility, prime positioning, and long-term potential.

Listed by Eli Qarkaxhia

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License #RS311277

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Compass Pennsylvania, LLC

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2157745782

Last updated January 30, 2026

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Source: BrightMLS #PAPH2557172

Listing Facts

  • TypeMulti-family
  • NeighborhoodWest Poplar
  • Days on Prevu84
  • Taxes$4,913/year
  • Size2,441 sqft
  • Price per sqft$221

Location

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Listing History

12/09/2025
Price Decreased
$539,900
11/07/2025
Listed by Compass Pennsylvania, LLC
$549,900

Property Details for 549 N 12TH Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 2
  • Property Condition: Major Rehab Needed
  • Roof: Flat
  • Year Built: 1920
  • Architectural Style: Contemporary
  • Construction Materials: Masonry, Brick

Features

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

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.02
  • Lot Size Dimensions: 18
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 875
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $4,913.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: No
  • Flooring: Luxury Vinyl Plank

Measurements

  • Living Area: 2,441
  • Living Area Source: Assessor

Other

Location

  • Subdivision Name: SPRING GARDEN
  • Tax Lot: 104

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Forced Air
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 549 N 12TH Street.

What are the annual taxes for 549 N 12TH Street?

Annual taxes for this multi-family home are estimated at $4,913.

How does 549 N 12TH Street compare to other multi-family homes in West Poplar?

This multi-family home is listed 44% below the average price for multi-family homes in West Poplar and has been on the market for 50 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,441 sqft.

549 N 12TH Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19123. Listed on Prevu for 84 days at $539,900. This includes a recent price decrease of $10,000. This home features 2,441 square feet of living space, located in West Poplar. The median listing price for multi-family homes in this area is $736,894. Explore more multi-family home listings in Philadelphia.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

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.