Mixed-Use Income Property with Commercial
1542 N 15TH Street Philadelphia, PA 19121
1542 N 15TH Street, Philadelphia, PA, 19121
$1,200,000
For Sale
$1,200,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size4,230 SF
Lot Size0.08 Acres
Price / SF$283.69
Days on Market667
Property Features for 1542 N 15TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 4,230 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8314
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1915
- Number of units
- 4
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
RE/MAX Select Group
(215) 335-6900
9237 Frankford Avenue, Philadelphia, PA
Listed by
Marco A Troche · License #AB069365
(267) 255-8132
Added: Sep 20, 2024 Checked: Jul 18 at 10:06 am
MLS# PAPH2399164
Listing URL
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 mixed-use property is fully occupied and includes five total rental units: a front-facing commercial space with long-term tenants and four residential units. The property is described as generating approximately $101,500 in annual rental income when fully occupied.
Located at 1542 N 15TH Street in Philadelphia, PA 19121, the offering is presented as walkable to Temple University-area destinations including Morgan Hall, Liacouras Center, an AMC movie theater, and nearby shopping. The property is described as spanning block to block and includes a large back lot. Plans and blueprints for new construction on the lot are included, supporting future expansion.
Located at 1542 N 15TH Street in Philadelphia, PA 19121, the offering is presented as walkable to Temple University-area destinations including Morgan Hall, Liacouras Center, an AMC movie theater, and nearby shopping. The property is described as spanning block to block and includes a large back lot. Plans and blueprints for new construction on the lot are included, supporting future expansion.
Key Highlights
- Fully occupied mixed‑use property with 5 total rental units, including a front‑facing commercial space with long‑term tenants
- Generates approximately $101,500 in annual rental income when fully occupied
- Masonry construction; built in 1915
Local Financial Insights For Multifamily LT 5
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 | $109.1k | $25.80 |
| − Vacancy | −$6.0k | −$1.42 |
| EGI | $103.1k | $24.38 |
| − OpEx | −$30.9k | −$7.31 |
| NOI | $72.2k | $17.06 |
4,230 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$902.3K – $1.20M
NOI $72,185 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$950.5K
$831.7K – $1.11M
NOI $66,536 @ 7.0% cap · market cap 5.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully occupied mixed-use building with a front commercial space and four residential units, plus a back lot.
Where is this quadplex located?
The property is located at 1542 N 15TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully occupied mixed‑use property with 5 total rental units, including a front‑facing commercial space with long‑term tenants; Generates approximately $101,500 in annual rental income when fully occupied; Masonry construction; built in 1915
