Apartment Building with Corner Store
For Sale
$405,000
1201 S 19TH Street, Philadelphia, PA 19146
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,712 SF
Lot Size0.03 Acres
Price / SF$149.34
Days on Market145
Property Features for 1201 S 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Subdivision
POINT BREEZE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,712 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5490
Utilities
Heating system
Hot Water(Heating), Baseboard
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Howard J Casper · License #RS312106
(267) 934-7777
Added: Mar 11
Changed: Jul 31
Last Checked: Aug 2 at 12:06PM
MLS# PAPH2592990
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.
Investment Insights
Based on property information with market context.
This apartment building includes a corner store and five 1BR apartments on a 0.0266-acre lot, built in 1915 with masonry construction. The corner store can be converted into a sixth apartment. The interior needs total renovation, and the property is presented as a residential project once improvements are completed.
The property is located within 2 blocks of Washington Avenue stores and restaurants, supporting neighborhood retail and dining access. Parking is available on-street, and the building includes a basement.
Heating is provided via hot water and baseboard systems.
The property is located within 2 blocks of Washington Avenue stores and restaurants, supporting neighborhood retail and dining access. Parking is available on-street, and the building includes a basement.
Heating is provided via hot water and baseboard systems.
Key Highlights
- Corner store plus five 1BR apartments on‑site with ability to convert to a sixth apartment
- Interior needs total renovation
- 0.0266‑acre lot with 2,712 SF building size
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $18.00 |
| − Vacancy | −$5.0k | −$1.85 |
| EGI | $43.8k | $16.15 |
| − OpEx | −$13.1k | −$4.84 |
| NOI | $30.7k | $11.30 |
2,712 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$609.4K
$533.2K – $711.0K
NOI $42,658 @ 7.0% cap · market cap 10.53%
Second Best
Retail
$437.9K
$383.2K – $510.9K
NOI $30,652 @ 7.0% cap · market cap 7.57%
Theoretical Best
Multifamily LT 5
$661.1K
$578.5K – $771.3K
NOI $46,280 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,200
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Masonry apartment building with five 1BR units and a corner store that can be converted to a sixth unit.
Where is this apartment building located?
The property is located at 1201 S 19TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Corner store plus five 1BR apartments on‑site with ability to convert to a sixth apartment; Interior needs total renovation; 0.0266‑acre lot with 2,712 SF building size
