Mixed-Use Retail with Residential
1000 North 43rd Street Philadelphia, PA 19104
1000 North 43rd Street, Philadelphia, PA, 19104
$349,000
For Sale
$349,000
Fully occupied mixed-use property with a street-level storefront and two residential units above.
Property Size1,922 SF
Price / SF$181.58
Days on Market226
Property Features for 1000 North 43rd Street
General Information
- Standard status
- Active
- Size
- 1,922 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
HomeSmart Realty Advisors
(267) 474-4471
Listed by
Brandi Bradley · License #RS365670
(267) 474-4471
Source
Compass
Added: Dec 9, 2025 Updated: Jul 20 at 7:51PM Checked: Jul 22 at 8:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart Realty Advisors
Investment Insights
Based on property information with market context.
This fully occupied mixed-use property is CM-1 zoned and includes a street-level storefront with two residential units on the upper floors. The second-floor unit is a studio apartment, and the third floor offers a three-bedroom, one-bath layout. Tenant-paid utilities include electric for all units and gas for the three-bedroom unit, while the landlord pays water.
Recent updates include updated studio bathroom flooring, added basement lighting, and a washer and dryer setup in the three-bedroom unit. The property also has three new water heaters installed in 2024, a new rear gutter, and a new water line installed in July 2025.
Current monthly rents include $1,500 for the storefront, $975 for the studio, and $1,480 for the three-bedroom unit, supporting gross annual income of $47,460. Buyer to verify zoning and intended use.
Recent updates include updated studio bathroom flooring, added basement lighting, and a washer and dryer setup in the three-bedroom unit. The property also has three new water heaters installed in 2024, a new rear gutter, and a new water line installed in July 2025.
Current monthly rents include $1,500 for the storefront, $975 for the studio, and $1,480 for the three-bedroom unit, supporting gross annual income of $47,460. Buyer to verify zoning and intended use.
Key Highlights
- Fully occupied mixed‑use CM‑1 property with a street‑level storefront plus a studio and a 3‑bedroom unit above
- Gross annual income of $47,460: $1,500 storefront, $975 studio, $1,480 for the 3‑bedroom unit (monthly rents)
- 3‑bedroom unit includes a washer and dryer setup; recent updates include new water heaters (2024)
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 | $58.4k | $30.36 |
| − Vacancy | −$3.4k | −$1.76 |
| EGI | $55.0k | $28.60 |
| − OpEx | −$24.7k | −$12.87 |
| NOI | $30.2k | $15.73 |
1,922 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.6K
$410.0K – $546.7K
NOI $32,799 @ 7.0% cap · market cap 9.40%
Second Best
Apartment 5plus
$431.9K
$377.9K – $503.9K
NOI $30,232 @ 7.0% cap · market cap 8.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Philadelphia College of Pharmacy ...
Charitable Organization
Linda’s Truck
Restaurant
2023 mini mart ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully occupied mixed-use property with a street-level storefront and two residential units above.
Where is this duplex located?
The property is located at 1000 North 43rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Fully occupied mixed‑use CM‑1 property with a street‑level storefront plus a studio and a 3‑bedroom unit above; Gross annual income of $47,460: $1,500 storefront, $975 studio, $1,480 for the 3‑bedroom unit (monthly rents); 3‑bedroom unit includes a washer and dryer setup; recent updates include new water heaters (2024)
