Mixed-Use Property in
935 SPRING GARDEN Street, Philadelphia, PA 19123
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
2,823 SFLot size:
0.03 AcresPrice / SF:
$275/SF- Added:
- Jul 18, 2025
- Days on Market:
- 318
- Last Refresh:
- May 31 at 5:06 am
Property Features for 935 SPRING GARDEN Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,823 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6738
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Michael J Moss License #RS286764 (215) 416-3980
Listing office Mercury Real Estate Group 1328 W Shunk Street, Philadelphia, PA (215) 462-5100
Listing date Jul 18, 2025
MLS# PAPH2513068
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
- Mixed‑use property offering flexible live/work options or rental income with commercial space and two residential units.
- Prime location steps from Broad‑Spring Garden SEPTA station providing unbeatable transit access.
- Two residential units: a 2‑bedroom, 1‑bath and a 1‑bedroom, 1‑bath, each featuring a full kitchen.
- Street‑facing retail space ideal for a boutique, office, or creative studio.
- Located near well‑regarded schools like Spring Garden School (K‑8) and Julia R. Masterman Laboratory & Demonstration School (5‑12).
- Walkable access to dining, retail, and the vibrant energy of Spring Garden Street.
Overview
Located at 935 Spring Garden Street in Philadelphia, this three-story mixed-use property combines commercial and residential spaces. The first floor features a street-facing retail space suitable for a boutique, office, or creative studio. The second floor includes a 2-bedroom, 1-bath apartment with a full kitchen. The third floor offers a private 1-bedroom, 1-bath unit, also equipped with its own kitchen. The property is located near the Broad-Spring Garden SEPTA station, providing access to the Broad Street Line and bus routes 2, 4, 16, 43, and B1 OWL. It is also near Spring Garden School (K-8) and Julia R. Masterman Laboratory & Demonstration School (5-12). The property is situated in a desirable neighborhood with walkable access to dining and retail options. The property size is 2,823 square feet and the lot size is 0.0289 acres. This property is suitable for owner-occupants or investors seeking a live/work lifestyle.
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 | $85.7k | $30.36 |
| − Vacancy | −$5.0k | −$1.76 |
| EGI | $80.7k | $28.60 |
| − OpEx | −$36.3k | −$12.87 |
| NOI | $44.4k | $15.73 |
2,823 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$634.3K
$555.1K – $740.1K
NOI $44,404 @ 7.0% cap · market cap 5.70%
Second Best
Mixed Use
$479.1K
$419.2K – $559.0K
NOI $33,537 @ 7.0% cap · market cap 4.31%
Theoretical Best
Multifamily LT 5
$688.2K
$602.2K – $802.9K
NOI $48,174 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1541901
- Latitude
- 39.9618988
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 935 SPRING GARDEN Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Mixed‑use property offering flexible live/work options or rental income with commercial space and two residential units.; Prime location steps from Broad‑Spring Garden SEPTA station providing unbeatable transit access.; Two residential units: a 2‑bedroom, 1‑bath and a 1‑bedroom, 1‑bath, each featuring a full kitchen.
