222 Church Street
Philadelphia, PA, 19106 $ 12,000,000
Bedrooms-- Baths-- Sq 51,000 Monthly Estimate*
$ 73,886
for $12,000,000. This 51,000 square foot building was built in 1849 on a lot size of 0.24.
222 Church Street in Old City represents one of the finest multifamily acquisitions available in the Greater Philadelphia marketplace, standing tall and proud, boasting forty-five (45) units with a stately redbrick facade in Phillys most historic district. Anchored by three (3) ground floor commercial spaces which activate the streetscape, the location at 2nd and Market cannot be replicated this is irreplaceable commercial real estate in a Top-10 USA MSA the #1 destination in the world to visit in 2026, according to WSJ. As the world descends upon Philadelphia in the summer of 2026 for the World Cup, Americas (250th) Semiquincentennial celebration, MLB All-Star Game and PGA Championship, 222 Church is positioned at the forefront of the action. The Property consists of commercial (11%), studios (9%), 1bd (51%) and 2bd (29%) apartments with private balconies on the north side of the building and private decks on the west side of the building. Cobblestone entry (via Church Street), hardwood floors, exposed brick and beam, 20 ceilings (in select units), central HVAC, lofted units (in select units), updated appliances, southern exposure and dramatic curb appeal are some of the cornerstone characteristics of this 51,000 SF turnkey apartment building. The massive .25-acre lot runs street-to-street from Market-to-Church, with 67' of prime Old City Market Street frontage providing exceptional coverage and access for residents and commercial patrons alike. Highly-coveted CMX3 zoning affords potential for air-rights vertical enhancement if desired, as well as short-term stay accommodations by-right. The 2nd Street Station is located on the corner (Septa Market-Frankford train), providing immediate access to Center City and University City. Independence Hall, The Liberty Bell, Elfreths Alley, Betsy Ross House and many of the worlds most sought-after historic attractions are within walking distance in "America's Most Historic Square Mile" as well as the popular galleries, cafes, shops, boutiques and restaurants that make Old City one of the most vibrant neighborhoods on the Eastern seaboard particularly on First Fridays. Quick connections to the New Jersey bridges, I-95 and 676 can be made by car in just minutes. Many of the regions top companies are headquartered along the Market Street corridor from river-to-river, positioning 222 Church as a highly-eligible candidate for the local corporate workforce and creatives, as well as the world-class health systems (CHOP, HUP, JEFFERSON) that power Phillys economy. Convenience, connectivity, culture, cuisine and commerce intersect at 222 Church a rare, 6-storey, elevator apartment building with neighborhood-friendly retail, strong historic residential occupancy and tangible rental upside via capital enhancements a generational, prime central real estate acquisition opportunity with 20% rental upside and the ability to convert the rear commercial spaces into Class-A amenities for building residents.
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Commercial ActiveApartment Building,/General Retail
FeaturesInteriorHeating Fuel Natural Gas
Flooring Hardwood
Hot Water Natural Gas
Total Stories 6
Heating Y/N Y
Central Air Y/N Y
Entry Level 1
Number of Elevators 1
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GeneralSewer Public Sewer
Heating Central
Cooling Central A/C
Possession Settlement
Roof Built-Up Flat
Zoning CMX3
Construction Materials Masonry Brick
Year Built 1849
View City
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Natural Gas
Municipality PHILADELPHIA
Business Type Apartment Building Other/General Retail
Accessibility Elevator
County PHILADELPHIA
New Construction N
Property Type Commercial Sale
Subdivision Name OLD CITY
Water Access Y/N N
Status ACTIVE
Directions BETWEEN N2ND AND N3RD ON MARKET ST (NORTH SIDE OF BLOCK).
City PHILADELPHIA
Number Of Units Total 45
MLS Area 19106 (19106)
Lot Size Units Square Feet
Lot Size Square Feet 10479.00
Tax Annual Amount 128781.0
Property Condition Very Good
Price Per Sq Ft Total AG 235.29
Historic Y/N Y
Vacation Rental Y/N N
Location Type Urban
Standard Status Active
Year Built Source Assessor
Tax Lot 480
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ExteriorWater Source Public
Type of Parking None
Foundation Details Concrete Perimeter
Water View Y/N N
Building Area Total 51000.00
Lot Dimensions 67.00 x 158.00
Lot Size Acres 0.24
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 2760000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByKeller Williams Liberty PlaceBroker
Affordability Calculator
- Monthly Principal & Interest
- $73,886
- Monthly Property Taxes
- $10,732
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Philadelphia, PA
Average List Price $1,101,227
Percent of Sale Price 91%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/18/2026 | $12,000,000 | | Listed Price |