# 1204 E PALMER Street, Philadelphia, PA 19125 > **TL;DR:** multi-family, $609,000 ($356/sqft), built 2016, 1,710 sqft. > A/C. Est. $3,257/mo. Listed 14 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $609,000 | | Price/sqft | $356 | | Square Feet | 1,710 | | Year Built | 2016 | | Lot Size | 571 sqft (0.01 acres) | | Property Type | Multi-Family (Triplex) | | Status | Active | | Days on Market | 14 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,079 | | Estimated Insurance | $178 | | **Total** | **$3,257** | ## Nearby Schools - **Elementary:** ALEXANDER ADAIRE ## Key Amenities - A/C ## Property Highlights - Built in 2016 - 0.01 acre lot ## Description ### Agent Description Presenting an exceptional investment or owner-occupant opportunity in the heart of Fishtown. 1204 E Palmer Street is a well-crafted, three-unit mixed-use property built in 2017, offering a compelling combination of modern finishes, consistent tenant demand and strong rental income, with end-user flexibility under CMX-2 commercial mixed-use zoning allowances. The property features a bi-level commercial space on the ground floor, along with two well appointed residential efficiency apartments on the upper levels, each offering one bedroom and one bathroom. With its versatile layout, the commercial space offers a variety of potential uses, including boutique commercial or wellness services, or conversion to a residential apartment with a simple kitchen conversion. The two upper-level residential efficiency units feature oversized, front-facing Pella windows, inviting galley kitchens with quartz countertops, in-unit washers and dryers, and clean, modern finishes that create a comfortable, contemporary living environment. Historically, each residential unit has leased consistently with high demand, tenant requested lease extensions, and minimal owner vacancies! Located in the heart of booming Fishtown, this property offers an attractive combination of proven residential rental income, commercial leasing potential, and flexibility for an owner-occupant seeking to offset expenses with its revenue stream. Quality construction, versatile mixed-use potential, and a sought-after location make 1204 E Palmer Street a compelling opportunity in a market where well-positioned investment properties are limited in supply! Unit 1 - $1,800 (projected) per month Unit 2 - $1,365 per month Unit 3 - $1,300 per month Rent roll= $53,580 NOI = $42,500 CAP RATE = 7.00% ## Location - **Address:** 1204 E PALMER Street, Philadelphia, PA 19125 - **County:** PHILADELPHIA - **Neighborhood:** FISHTOWN - **Coordinates:** 39.9711, -75.12869 - **Google Maps:** https://www.google.com/maps?q=39.9711,-75.12869 ## Listing Agent - **Name:** Benjamin Katz · **License:** RS356819 - **Brokerage:** Coldwell Banker Preferred - **Broker Phone:** (215) 654-9494 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1204-E-Palmer-St_Philadelphia_PA_19125_M47092-28841?f=listhub&s=TRENDPA&m=PAPH2678864&c=propsimple) ## Photos ![1204 E PALMER Street - Photo 1](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f2448996219r.jpg) ![1204 E PALMER Street - Photo 2](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f1315694870r.jpg) ![1204 E PALMER Street - Photo 3](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f2524594831r.jpg) ![1204 E PALMER Street - Photo 4](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f1918777146r.jpg) ![1204 E PALMER Street - Photo 5](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f1282789756r.jpg) ![1204 E PALMER Street - Photo 6](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f976814669r.jpg) ![1204 E PALMER Street - Photo 7](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f2174666559r.jpg) ![1204 E PALMER Street - Photo 8](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f1526584852r.jpg) ![1204 E PALMER Street - Photo 9](http://lh.rdcpix.com/653f499b5cd8097188f9a197059b13afl-f270576034r.jpg) --- **MLS#:** PAPH2678864 | **Updated:** 2026-10-21 **Source:** listhub *Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1204-e-palmer-street-philadelphia-pa-19125-e5a98db87dc64875899790749be16c02) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1204-e-palmer-street-philadelphia-pa-19125-e5a98db87dc64875899790749be16c02#listing", "url": "https://www.propertysimple.ai/listing/1204-e-palmer-street-philadelphia-pa-19125-e5a98db87dc64875899790749be16c02", "name": "1204 E PALMER Street, Philadelphia, PA 19125", "description": "Presenting an exceptional investment or owner-occupant opportunity in the heart of Fishtown. 1204 E Palmer Street is a well-crafted, three-unit mixed-use property built in 2017, offering a compelling combination of modern finishes, consistent tenant demand and strong rental income, with end-user flexibility under CMX-2 commercial mixed-use zoning allowances. The property features a bi-level commercial space on the ground floor, along with two well appointed residential efficiency apartments on the upper levels, each offering one bedroom and one bathroom. With its versatile layout, the commercial space offers a variety of potential uses, including boutique commercial or wellness services, or conversion to a residential apartment with a simple kitchen conversion. The two upper-level residential efficiency units feature oversized, front-facing Pella windows, inviting galley kitchens with quartz countertops, in-unit washers and dryers, and clean, modern finishes that create a comfortable, contemporary living environment. Historically, each residential unit has leased consistently with high demand, tenant requested lease extensions, and minimal owner vacancies! Located in the heart of booming Fishtown, this property offers an attractive combination of proven residential rental income, commercial leasing potential, and flexibility for an owner-occupant seeking to offset expenses with its revenue stream. Quality construction, versatile mixed-use potential, and a sought-after location make 1204 E Palmer Street a compelling opportunity in a market where well-positioned investment properties are limited in supply! 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