Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1200 South St Philadelphia, PA 19147

    Sponsored
    For Sale
    $999,000

    MULTI_FAMILY - PHILADELPHIA, PA

    Property size:
    3,000 SF
    Lot size:
    0.02 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 20 at 5:06 pm

    Property Features for 1200 South St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    On Street
    Appliances
    Dishwasher, Dryer, Refrigerator, Stove, Washer, Built-In Microwave
    Size
    3,000 SF
    Lot size
    0.02 Acres

    Utilities

    Heating system
    Forced Air, Hot Water(Heating)
    Cooling system
    Wall Unit(s), Central Air

    Building Details

    Year built
    1915
    Number of units
    3
    Building materials
    Mixed

    We can help!

    Listing Contact
    Deborah E Solo
    Deborah E Solo

    Solo Real Estate Inc (215) 564-7656

    Listing agent Deborah E Solo (215) 564-7656

    Listing date Feb 20, 2026

    MLS# PAPH2586096

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Corner Building with Income

    The property at 1200 South is a three-story corner building that includes an adjacent two-story house at 600 S 12. The building at 1200 South, zoned CMX2, features a first-floor commercial space of approximately 650 square feet, complete with a handicapped-accessible powder room and basement access. This unit is currently rented for $1500 per month under a 5-year lease. A separate entrance on 12th Street leads to the two-story residential unit above the commercial space. The second floor of the residential unit includes an updated powder room, coat closet, bedroom, an updated kitchen with a washer/dryer closet, tile floor, subway tile backsplash, and a living room. The third floor contains two bedrooms and an updated tiled hall bath. The exterior of 1200 South features a new stucco front on the second and third floors and a repainted first floor. The house at 600 S 12 includes a vestibule, living room, dining room, powder room, kitchen with a washer/dryer closet, and a small exterior patio on the first floor. The second floor has three bedrooms and a hall bath. The basement houses mechanicals and provides ample storage space. The lot size is 0.02 acres and the property size is 3000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    365 Smoke Shop (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.16194
    Latitude
    39.94308

    Nearby Similar for Sale

    • $849,900
      8,412 SF

      Mixed-Use Corner Property in Mayfair

      Highly visible commercial mixed-use property in a densely populated area.
      4624 Rhawn St, Philadelphia, PA 19136
      View Details
    • $354,900
      1,856 SF

      Renovated Duplex Near Center City

      Fully renovated duplex with potential for additional unit near Center City.
      1411 W Loudon St, Philadelphia, PA 19141
      View Details
    • $960,000
      4,488 SF

      Renovated Triplex Near Fishtown

      Fully renovated triplex with bi-level units near Fishtown and Temple.
      1334 N 7Th St, Philadelphia, PA 19122
      View Details
    • $960,000
      4,488 SF

      Renovated Triplex Near Fishtown

      Fully renovated triplex with bi-level units near Fishtown and Temple.
      1336 N 7Th St, Philadelphia, PA 19122
      View Details
    • New
      $3,500,000
      0.51 Acres

      Versatile Philadelphia Restaurant/Nightclub Opportunity

      Spacious, upgraded restaurant/nightclub with liquor license and two kitchens.
      2154-72 Bridge St, Philadelphia, PA 19124
      View Details
    • $569,000
      4,104 SF

      Renovated Quadplex Near Temple University

      Fully renovated quadplex near Temple University, ideal for student rentals.
      1814 W Diamond St, Philadelphia, PA 19121
      View Details
    • New
      $999,999
      0.03 Acres

      Spacious Multi-Level Commercial Property

      Multi-level commercial property near Rittenhouse Square, ideal for professional use.
      313 S 16Th St, Philadelphia, PA 19102
      View Details
    • New
      $999,999
      3,423 SF

      Rittenhouse Square Multifamily Redevelopment Opportunity

      Multi-level property near Rittenhouse Square, ideal for residential conversion.
      313 S 16Th St, Philadelphia, PA 19102
      View Details
    • $799,000
      4,053 SF

      Philadelphia Triplex Near Temple University

      Triplex built in 2016, close to Temple University, great investment.
      1431 N 17Th St, Philadelphia, PA 19121
      View Details
    • $1,750,000
      0.09 Acres

      Established Philadelphia Bar/Restaurant Opportunity

      Spacious commercial property with bar and restaurant potential.
      7312-16 Castor Ave, Philadelphia, PA 19152
      View Details
    • $1,395,000
      4,512 SF

      Society Hill Quad Multifamily Property

      Fully occupied 4-unit property in Philadelphia's historic Society Hill.
      423 Spruce St, Philadelphia, PA 19106
      View Details
    • New
      $380,000
      2,456 SF

      Renovated Triplex in Nicetown-Tioga

      Legally zoned, renovated triplex with modern amenities in North Philly.
      1733 W Erie Ave, Philadelphia, PA 19140
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Three-story corner building with commercial and residential units for sale.
    Where is this mixed-use property located?
    The property is located at 1200 South St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Corner property featuring two buildings: a three-story commercial/residential building and an adjacent two-story house.; - The commercial space is currently rented for $1500/month with a 5-year lease, providing immediate income.; - 1200 South is zoned CMX2, offering flexible usage possibilities.
    (215) 564-7656
    Request Owner's contact information
    1200 South St Philadelphia, PA 19147
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1200 South St
    Philadelphia, PA 19147
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200 South St Philadelphia, PA 19147
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Deborah E Solo
    Deborah E Solo
    (215) 564-7656
    Learn more
    Google sign-in failed. Please try again or use another login method.