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
Mortgage Calculator
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.
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