Mixed-Use Property with
New
For Sale
$350,000
1025 N 66TH STREET N, Philadelphia, PA 19151
Masonry mixed-use building with commercial space, a two-bedroom apartment, and full-length basement storage.
Property Size1,470 SF
Lot Size0.05 Acres
Price / SF$238.10
Days on Market7
Property Features for 1025 N 66TH STREET N
General Information
Standard status
Active
Size
1,470 SF
Lot size
0.05 Acres
Property subtype
Commercial
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Building Details
Year Built
1925
Construction
masonry
Listing Agency:
Liberty Bell Real Estate & Property Management
(267) 258-0733
Listed By:
russell l dinkins
(267) 258-0733
Source:
Cummingsrealtors
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 6:49AM
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 Liberty Bell Real Estate & Property Management
Investment Insights
Based on property information with market context.
Built in 1925, this 1,470-square-foot mixed-use property combines commercial space with a two-bedroom apartment. The building features masonry construction and a basement spanning the full length of the structure, providing substantial storage capacity and possible expansion space subject to applicable approvals.
The property occupies a 0.05-acre lot with on-street parking, while public transportation is located less than a mile away. Architectural plans are available from the seller and outline renovation and redevelopment options for the existing layout.
The property occupies a 0.05-acre lot with on-street parking, while public transportation is located less than a mile away. Architectural plans are available from the seller and outline renovation and redevelopment options for the existing layout.
Key Highlights
- 1,470 SF mixed‑use property with commercial space and a two‑bedroom apartment
- Full‑length basement provides substantial storage space
- Masonry construction; built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,122
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,440
$462.4K
Cap Rate 7%
$330,314
$330.3K
Cap Rate 9%
$256,911
$256.9K
Market Conditions
NOI Build-Up for 1,470 SF
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.
Gross rent
$44.6K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$42.0K $28.60/SF
− OpEx
−$18.9K −$12.87/SF
NOI
$23.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$462,440
Cap Rate 7%
$330,314
Cap Rate 9%
$256,911
Alternative Uses
Best Use
Apartment 5plus
$330.3K
$289.0K – $385.4K
NOI $23,122 @ 7.0% cap · market cap 6.61%
Second Best
Mixed Use
$249.5K
$218.3K – $291.1K
NOI $17,464 @ 7.0% cap · market cap 4.99%
Theoretical Best
Multifamily LT 5
$358.4K
$313.6K – $418.1K
NOI $25,085 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
809
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
17,495 visits/mo
0.4 miles
Jackson Hewitt Tax Service
Shops & Services
1,412 visits/mo
0.2 miles
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Masonry mixed-use building with commercial space, a two-bedroom apartment, and full-length basement storage.
Where is this mixed-use property located?
The property is located at 1025 N 66TH STREET N Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,470 SF mixed‑use property with commercial space and a two‑bedroom apartment; Full‑length basement provides substantial storage space; Masonry construction; built in 1925
