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21-Unit Historic Apartment Building
For Lease
$1,350/Mo

109-538 Federal St, Philadelphia, PA 19147

Adaptive-reuse apartments combine industrial character with updated contemporary finishes.

Space SizeContact for details
Days on Market35

Property Features for 109-538 Federal St

General Information

Standard status Active
Listing Agency: JBMP Group
Listed By: Maria A. Pacitti · License #RM423811
Source: Exprealty
Added: Sep 15 Changed: Oct 11 Last Checked: Oct 16 at 10:52AM

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 JBMP Group

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Investment Insights

Based on property information with market context.

This 21-unit apartment building is being developed within a nearly 100-year-old PECO substation. The adaptive-reuse design retains elements of the original industrial architecture while introducing modern finishes throughout the residential conversion. The result is a distinctive multifamily property that pairs historic building fabric with a contemporary apartment program.

Key Highlights

  • 21‑unit apartment building
  • Adaptive reuse of a nearly 100‑year‑old PECO substation
  • Original industrial architectural elements retained

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home Real Estate Agency Electrical Service Accounting Firm Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,943
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Adaptive-reuse apartments combine industrial character with updated contemporary finishes.
Where is this apartment building located?
The property is located at 109-538 Federal St Philadelphia, PA.
What is the lease rate?
The lease rate is $1,350/Mo.
What are key features of this property?
This property features: 21‑unit apartment building; Adaptive reuse of a nearly 100‑year‑old PECO substation; Original industrial architectural elements retained
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