Historic Mixed-Use Three Unit
238 S 11TH Street, Philadelphia, PA 19107
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
3,616 SFLot size:
0.03 AcresPrice / SF:
$275/SF- Added:
- Apr 10, 2026
- Days on Market:
- 50
- Last Refresh:
- May 29 at 1:06 pm
Property Features for 238 S 11TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,616 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12500
Utilities
- Heating system
- Central, Other (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Brick, Masonry
- Architectural style
- Other
Listing agent Jill Fratto License #RM422726 (215) 834-7337
Listing office A La Carte Realty LLC 815 Woodbine Avenue, Bala Cynwyd, PA (610) 664-2400
Listing date Apr 10, 2026
MLS# PAPH2606208
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.
HighLights
- Prime location in the heart of Washington Square West.
- Mixed‑use property (CMX‑1 zoning) offering flexibility.
- Three units provide income potential: commercial space (hair salon) and two residential apartments.
- The bi‑level 3‑bedroom apartment features a large, sunny, private deck.
- First‑floor commercial space includes a large unfinished basement and access to a private outdoor space.
- Newer HVAC systems and windows in all units.
Overview
Located in the heart of Washington Square West, this grand historic mixed-use building offers an exceptional opportunity for investors and owner-users. Zoned CMX-1, the 4-story property consists of three units with strong flexibility and upside potential. The first floor, currently operating as a charming hair salon, features high ceilings, good natural light, and a private entrance. It also includes a large unfinished basement with access to a rear, private outdoor space. The second floor houses a spacious and charming 1-bedroom apartment with abundant natural light and beautiful original details. The third and fourth floors comprise a stunning bi-level 3-bedroom, 2-bath apartment with hardwood floors and access to a large, sunny, private deck. All units have newer HVAC systems and windows. The property size is 3,616 square feet and the lot size is 0.0322 acres. All units are currently leased on a month-to-month basis. This property is located in one of Center City's most desirable neighborhoods.
Local Financial Insights For Apartment 5plus
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 | $109.8k | $30.36 |
| − Vacancy | −$6.4k | −$1.76 |
| EGI | $103.4k | $28.60 |
| − OpEx | −$46.5k | −$12.87 |
| NOI | $56.9k | $15.73 |
3,616 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$812.5K
$711.0K – $948.0K
NOI $56,878 @ 7.0% cap · market cap 5.72%
Second Best
Mixed Use
$613.7K
$537.0K – $716.0K
NOI $42,958 @ 7.0% cap · market cap 4.32%
Theoretical Best
Multifamily LT 5
$881.5K
$771.3K – $1.03M
NOI $61,707 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
HeaD AreaA
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.15948
- Latitude
- 39.94739
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Prime mixed-use building in Washington Square West.
Where is this mixed-use property located?
The property is located at 238 S 11TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location in the heart of Washington Square West.; Mixed‑use property (CMX‑1 zoning) offering flexibility.; Three units provide income potential: commercial space (hair salon) and two residential apartments.
