Mixed-Use Property with Commercial
For Sale
$650,000
815 S 4TH STREET, Philadelphia, PA 19147
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,430 SF
Price / SF$267.49
Days on Market183
Property Features for 815 S 4TH STREET
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Bedrooms
2
Rooms
Bedroom 2, Bedroom 1
Subdivision
QUEEN VILLAGE
Standard status
Active
Size
2,430 SF
Building Details
Year built
2008
Listing Agency:
BHHS Fox & Roach Center City-Society Hill · Berkshire Hathaway HomeServices
(215) 627-6005
Listed By:
Patrick Conway · License #RS217990L
(215) 266-1537
Added: Feb 4
Changed: Jul 28
Last Checked: Aug 6 at 12:06AM
MLS# PAPH2580894
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
Mixed-use property at 815 S 4TH STREET in Philadelphia, built in 2008 with concrete block construction. The layout is self-contained and includes 1st floor and basement commercial space, plus 2nd and 3rd floor residential units. The commercial level features a large open floor plan, marble floors, a full bath, and a private yard that could support use as a professional office.
The upper floors provide two large one-bedroom apartments on the 2nd and 3rd floors. The residences are described as having hardwood floors and newer kitchen improvements. This configuration supports an owner-occupant approach or an income strategy with both retail/office-style space and residential units in one building.
The property is identified as being in sought-after Queen Village / Fabric Row.
The upper floors provide two large one-bedroom apartments on the 2nd and 3rd floors. The residences are described as having hardwood floors and newer kitchen improvements. This configuration supports an owner-occupant approach or an income strategy with both retail/office-style space and residential units in one building.
The property is identified as being in sought-after Queen Village / Fabric Row.
Key Highlights
- Built in 2008 with concrete block construction
- 2 commercial spaces plus 2 newer 1‑bedroom apartments
- 1st floor and basement commercial area with large open floor plan and marble floors
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 | $62.7k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $59.2k | $24.38 |
| − OpEx | −$17.8k | −$7.31 |
| NOI | $41.5k | $17.06 |
2,430 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$592.4K
$518.4K – $691.1K
NOI $41,468 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$546.0K
$477.8K – $637.1K
NOI $38,223 @ 7.0% cap · market cap 5.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,467
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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?
Mixed-use property - Concrete-block mixed-use built in 2008 offering commercial space and two one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 815 S 4TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Built in 2008 with concrete block construction; 2 commercial spaces plus 2 newer 1‑bedroom apartments; 1st floor and basement commercial area with large open floor plan and marble floors
