Mixed-Use Property in University
4014 MARKET Street Philadelphia, PA 19104
4014 MARKET Street, Philadelphia, PA, 19104
$875,000
For Sale
Under Contract
$875,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size4,862 SF
Lot Size0.05 Acres
Price / SF$179.97
Days on Market119
Property Features for 4014 MARKET Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active Under Contract
- Size
- 4,862 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11765
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Brick
Listing Agency
JG Real Estate LLC
(215) 467-4100
1028 N 3rd Street, Philadelphia, PA
Listed by
Marie Collins · License #RS323515
(267) 266-3721
Added: Mar 24 Checked: Jul 20 at 11:06 am
MLS# PAPH2598714
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 meticulously maintained mixed-use property is located in the heart of University City. The property at 4014 Market Street features three units, including a ground-floor commercial space and two residential apartments. The second and third-floor units each offer a two-bedroom, one-bathroom layout and have been thoughtfully renovated and well cared for. Situated along the rapidly evolving Market Street corridor, the property is located within one of Philadelphia's most active development areas, surrounded by continued investment in mixed-use, residential, and life-science projects tied to nearby universities, hospitals, and research institutions. The property size is 4862 square feet and the lot size is 0.05 acres. This presents an excellent opportunity for investors seeking a well-maintained asset in a high-growth corridor.
Key Highlights
- Mixed‑use property with ground‑floor commercial space and two residential units.
- Located in a rapidly evolving, high‑growth area of University City.
- Both residential units are renovated two‑bedroom, one‑bathroom apartments.
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 | $147.6k | $30.36 |
| − Vacancy | −$8.6k | −$1.76 |
| EGI | $139.0k | $28.60 |
| − OpEx | −$62.6k | −$12.87 |
| NOI | $76.5k | $15.73 |
4,862 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$956.0K – $1.27M
NOI $76,477 @ 7.0% cap · market cap 8.74%
Second Best
Mixed Use
$825.2K
$722.0K – $962.7K
NOI $57,761 @ 7.0% cap · market cap 6.60%
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,970 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Meticulously maintained mixed-use property in the heart of University City.
Where is this mixed-use property located?
The property is located at 4014 MARKET Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Mixed‑use property with ground‑floor commercial space and two residential units.; Located in a rapidly evolving, high‑growth area of University City.; Both residential units are renovated two‑bedroom, one‑bathroom apartments.
