Three-Unit Mixed-Use
1068 N FRONT STREET, Philadelphia, PA 19123
For Sale
New
$950,000
A 2022 building pairs street-level commercial space with three apartments, including one bi-level residence.
Property Size3,618 SF
Price / SF$262.58
Days on Market3
Property Features for 1068 N FRONT STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Jim Onesti · License PA RS224457L
(484) 429-6769
Source:
Cummingsrealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:13PM
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 KW Empower
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Investment Insights
Based on property information with market context.
Completed in 2022, this mixed-use building contains a ground-floor commercial space and three apartments. The residential portion includes one bi-level, one-bedroom unit with 1.5 bathrooms, plus two apartments with two bedrooms and two full bathrooms apiece. A tax abatement is also noted for the property.
The building is at 1068 N Front Street in Philadelphia’s Northern Liberties neighborhood, along the Front Street corridor. Public transportation, restaurants, cafés, boutique shops, and entertainment venues are described in the surrounding area. The Piazza and The Fillmore are among the named destinations nearby.
The building is at 1068 N Front Street in Philadelphia’s Northern Liberties neighborhood, along the Front Street corridor. Public transportation, restaurants, cafés, boutique shops, and entertainment venues are described in the surrounding area. The Piazza and The Fillmore are among the named destinations nearby.
Key Highlights
- Built in 2022
- Ground‑floor commercial space with three apartments
- Apartment mix: one bi‑level 1‑bedroom, 1.5‑bath unit and two 2‑bedroom, 2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,909
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,180
$1.1M
Cap Rate 7%
$812,986
$813.0K
Cap Rate 9%
$632,322
$632.3K
Market Conditions
NOI Build-Up for 3,618 SF
Gross rent
$109.8K $30.36/SF
− Vacancy
−$6.4K −$1.76/SF
EGI
$103.5K $28.60/SF
− OpEx
−$46.6K −$12.87/SF
NOI
$56.9K $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 Rate 5%
$1,138,180
Cap Rate 7%
$812,986
Cap Rate 9%
$632,322
Alternative Uses
Best Use
Apartment 5plus
$813.0K
$711.4K – $948.5K
NOI $56,909 @ 7.0% cap · market cap 5.99%
Second Best
Mixed Use
$614.0K
$537.3K – $716.4K
NOI $42,982 @ 7.0% cap · market cap 4.52%
Theoretical Best
Multifamily LT 5
$882.0K
$771.8K – $1.03M
NOI $61,741 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,858
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 2022 building pairs street-level commercial space with three apartments, including one bi-level residence.
Where is this mixed-use property located?
The property is located at 1068 N FRONT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Built in 2022; Ground‑floor commercial space with three apartments; Apartment mix: one bi‑level 1‑bedroom, 1.5‑bath unit and two 2‑bedroom, 2‑bath units
