$849,900

RARE OPPORTUNITY to own this very unique & LARGE Commercial Mixed-Use CORNER Property with 2 very spacious Apartment Units with decks above the Laundromat in the heart of Dickinson Narrows (South Philadelphia)! Current use is a Laundromat Business (Owner operated) & it's been around for over 31 years since 1995!… Read More This is zoned as CMX-1 Mixed-Use, which is flexible for many types of businesses, so the possibilities are endless! This Laundromat is setup as a Coin Laundromat Business that consists of 26 Dryers (22 Refurbished as of July 2025, 4 Originals), 25 Washers (7 Triple Loads, 6 Double Loads, 2 Quad Load, 10 Single Load) & a Drink Refreshment Refrigerator! Laundromat has tile floors T/O with ceiling fans. Plenty of natural lights shining T/O entire Laundromat to help you save on energy bills! There is a small office towards middle of the Laundromat with window A/C. Automatic front security door gate's motor has been replaced on May 2026! You can enter 2nd Fl. Apt. from the door behind Laundromat office OR the exterior metal staircase. You'll first land on the 2nd Fl. Apt.'s deck. 2nd Fl. Apartment features 3 Bedrooms, 1 Full Bathroom, Kitchen, & Living Room. First, you'll enter a nice eat-in Kitchen with Corian countertops, oak cabinets, tile backsplash, tile floors, recessed lights, & Kitchen appliances (Refrigerator, gas Cooktop, Range Hood). It has beautiful hardwood floors T/O the very spacious living room & 3 good-sized B/R. 2nd Fl. Bathroom consists of tile floors & walls, single vanity, mirror medicine cabinet, toilet, & tub with sliding glass doors! NEW HVAC Central Air & Gas Heating installed in 2022! You'll use the exterior wooden staircase from the 2nd Fl.'s deck to go up to the 3rd Fl.'s Apt.'s composite wood deck. 3rd Floor Apartment used to be similar layout as the 2nd Floor, but it has been re-configured to now a 1 large Masters B/R, 1 Full Bath, Kitchen, L/R & D/R. You'll first enter the luxurious eat-in Kitchen with Granite countertops, dark oak cabinets, tile backsplash, tile floors, recessed lights, & Kitchen appliances (Refrigerator, electric Cooktop, Range Hood). It also has nice & shiny hardwood floors T/O the D/R, L/R, & very spacious Masters B/R with plenty of closets. NEW HVAC Central Air & Electric Heating also installed in 2023! There is a cellar door from outside the property that leads into the unfinished basement. Basement is being used for storage. It contains 1 large Commercial-Grade Hot Water Heater & 1 Hot Water Tank that are being used by Laundromat & 2nd Fl. Apt. 3rd Fl. Apt. has its own electric Hot Water Tank in its own unit. New Rubber Roof has just been installed in March 2026! Owner runs the business for over 31 years & utilizes both apartments upstairs. This Property has separate electric meters for Commercial Space & the 2 Apartment Units. Laundromat & 2nd Fl. use gas for heat. 3rd Fl. Apt. is ALL electric. Start off your new home, business or turnkey investment with this very low maintenance property! You can live in the property & operate your business right from the start! Buyer is responsible to reach out to the City for any zoning questions or use variance. IF renting out the 2nd Fl. Apt., 3 B/R Apt. rents can be projected to bring in around $2,000-$2,500/mo. in the area! For the 3rd Fl. Apt., 1 B/R Apt. rents can be projected to bring in around $1,600-$1,900/mo.! And with Laundromat's average Gross Income is about $10,000/mo. (that's $120,000/year)! That's bringing in a GROSS TOTAL of almost $13,600-$14,400/mo., which equates to about $163,200-$172,800/year! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed) & due diligence on any use variance. Walkscore is 87 to all amenities! Septa bus stops & public transportation are easily accessible in the area! Close to shopping centers/plazas, supermarkets, stores, gyms, restaurants, eateries, parks, Penns Landing, & many more! Read Less

Courtesy of Phong D Lam, Century 21 Advantage Gold-South Philadelphia 215-465-1400

Listing Snapshot

Days Online

Last Updated

Sep 26, 2026

Property Type

Commercial

Square Ft.

3,654

Lot Size

0.03 Acres

Year Built

1915

MLS Number

PAPH2653344

Additional Details

Building

Built in 1915, Built in 2009 (effective), 3 stories, Construction Materials: Masonry, Copper Plumbing, Concrete, CPVC/PVC, Galvanized Plumbing, Mixed, Mixed Plumbing, Stucco, Tile

Cooling

Central A/C, Ceiling Fan(s), Window Unit(s)

Accessibility Features

None

Expenses

Electric: $2,925.46, Insurance: $5,913, Operating: $34,144.9, Other Expense: $11,859.2

Floors

Hardwood, Tile/Brick

Foundation

Concrete Perimeter

Heating

Central, Forced Air

Income

Gross Income: $120,000, Net Operating Income: $85,855.1, Laundry

Lot

0.03 acres, Dimensions: 18.00 x 70.00, Corner

Owner Pays

Advertising/Licenses and Permits, Air Conditioning, All Utilities, Electricity, Gas, Heat, Insurance, Repairs, Taxes - Real Estate, Trash Collection, Water

Parking

Public

Property

Very Good, Good, Street

Roof

Rubber, Flat

Security Features

Carbon Monoxide Detector(s), Monitored, Security Gate, Smoke Detector, Surveillance Sys, Exterior Cameras

Sewer

Public Sewer

Taxes

Annual Amount: $1,940, Lot: 57, Year: 2026, Zoning: CMX1

Utilities

Electric Available, Natural Gas Available, Sewer Available, Water Available, Water Source: Public, Circuit Breakers

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