246-48 S 12th Street

Philadelphia, PASCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present the opportunity to acquire 246-248 S 12th Street, a nine-unit multifamily asset in Philadelphia’s Washington Square West neighborhood. The property consists of six one-bedroom, one-bathroom units and three two-bedroom, two-bathroom bi-level units, offering a new owner a highly desirable unit mix in one of Philadelphia’s most walkable residential submarkets. The one-bedroom units include three units with standard layouts, one unit with a private deck, one unit with a private backyard and a designated parking spot, and one bi-level layout. The units feature central air conditioning, in-unit gas water heaters, gas ranges for cooking, and 100 AMP service. Both gas and electric are individually metered. The property also includes a first-floor office that may provide a path to creating a 10th multifamily unit, subject to buyer verification and required approvals. Additional features include laundry hookups in the basement. The property will be delivered 100 percent vacant, allowing a buyer to immediately begin renovations and execute a full repositioning strategy without navigating existing leases or tenant turnover. Vacant delivery provides a clean slate to renovate, stabilize, and re-lease the asset at market rents. 246-248 S 12th Street is a designated historic property tied to the legacy of William Still, a prominent Philadelphia abolitionist, writer, businessman, and leader in the Underground Railroad. Importantly, Philadelphia Historical Commission review is focused on exterior alterations, particularly changes impacting the front façade, historic features, and overall historic fabric. Routine exterior maintenance and historically consistent repairs may be eligible for staff-level review, while more substantial exterior changes may require public review. Standard interior renovations should be able to proceed separately, subject to normal permitting requirements, giving a buyer the ability to renovate and reposition the vacant units while coordinating any exterior improvements through the appropriate historic review process. Located in Washington Square West, the property benefits from immediate access to Center City employment, Jefferson Health, Pennsylvania Hospital, Washington Square, Midtown Village, restaurants, retail, and public transit. The property has a Walk Score of 100 and a Transit Score of 100, reflecting an exceptionally walkable, transit-oriented location. The property is approximately a one-minute walk from the 12th-13th & Locust PATCO Station, providing direct access to South Jersey, and is also within close proximity to multiple SEPTA bus routes. The Lombard-South Broad Street Line Station is approximately 0.4 miles away, while Walnut-Locust Station is approximately 0.5 miles away, providing additional subway access throughout Philadelphia.