Mixed-Use Building with
For Sale
$589,000
1103 Cottman Ave, Philadelphia, PA 19111
For sale mixed-use building with a main-floor retail unit and two apartment units.
Property Size2,024 SF
Price / SF$291.01
Days on Market98
Property Features for 1103 Cottman Ave
General Information
Standard status
Active
Size
2,024 SF
Additional Details
Multifamily Units
2
Building Details
Year Built
1953
Listing Agency:
Equity Pennsylvania Real Estate
Listed By:
Monish R Patel · License #RM425589
(267) 716-5932
Source:
Teamgaddy
Added: Jul 17
Changed: Oct 11
Last Checked: Oct 20 at 10:10PM
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 Equity Pennsylvania Real Estate
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Investment Insights
Based on property information with market context.
This for-sale mixed-use building offers a commercial retail unit on the main floor along with two apartment units. The residential units are described as well maintained, making the property a straightforward combination of retail and rental housing.
Located at 1103 Cottman Ave in Philadelphia, PA, the building’s layout supports mixed-use occupancy with retail street-level space paired with two separate residential units.
Located at 1103 Cottman Ave in Philadelphia, PA, the building’s layout supports mixed-use occupancy with retail street-level space paired with two separate residential units.
Key Highlights
- Mixed‑use building for sale with a main‑floor retail commercial unit
- Includes two apartment units in the same building
- Reported rental history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,324
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,480
$546.5K
Cap Rate 7%
$390,343
$390.3K
Cap Rate 9%
$303,600
$303.6K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$48.6K $24.00/SF
− Vacancy
−$4.9K −$2.40/SF
EGI
$43.7K $21.60/SF
− OpEx
−$16.4K −$8.10/SF
NOI
$27.3K $13.50/SF
Area
ZIP 19111
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,480
Cap Rate 7%
$390,343
Cap Rate 9%
$303,600
Alternative Uses
Best Use
Mixed Use
$390.3K
$341.6K – $455.4K
NOI $27,324 @ 7.0% cap · market cap 4.64%
Second Best
Multifamily LT 5
$388.2K
$339.7K – $452.9K
NOI $27,175 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$613.7K
$537.0K – $715.9K
NOI $42,956 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
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Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - For sale mixed-use building with a main-floor retail unit and two apartment units.
Where is this mixed-use property located?
The property is located at 1103 Cottman Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Mixed‑use building for sale with a main‑floor retail commercial unit; Includes two apartment units in the same building; Reported rental history
