Four-Story Mixed-Use
New
For Sale
$2,250,000
1110 SOUTH STREET, Philadelphia, PA 19147
Seven apartments and a ground-floor commercial space comprise the building.
Property Size7,208 SF
Price / SF$312.15
Days on Market5
Property Features for 1110 SOUTH STREET
General Information
Standard status
Active
Size
7,208 SF
Property subtype
Mixed Use
Occupancy
100%
Units
Unit Mix
6 x 1BR, 1 x 3BR
Multifamily Units
7
Additional Details
Road Access
Yes
Sprinkler System
Yes
Amenities
Central Air
Parking.
On Street.
Building Details
Year Built
2016
Buildings
1
Stories
4
Listing Agency:
(610) 520-0100
Listed By:
Keller Williams Main Line
(267) 774-4221
Source:
Xome
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 10 at 5:47AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
Built in 2016, this four-story mixed-use property contains 7,208 square feet with seven residential apartments and one commercial space at street level. The residential component includes six one-bedroom apartments and one three-bedroom apartment. Units feature hardwood flooring, large windows, central air, and individual conditioning and water-heating systems. The building is sprinklered and currently 100% occupied.
The property is located on South Street in Philadelphia and includes an established storefront component. The commercial lease extends through March 31, 2027, while the residential units provide a diversified apartment mix within the same building. On-street parking is available, and the property’s newer construction supports a contemporary multifamily and commercial configuration.
The property is located on South Street in Philadelphia and includes an established storefront component. The commercial lease extends through March 31, 2027, while the residential units provide a diversified apartment mix within the same building. On-street parking is available, and the property’s newer construction supports a contemporary multifamily and commercial configuration.
Key Highlights
- 7,208‑square‑foot, four‑story mixed‑use building constructed in 2016
- Seven apartments: six one‑bedroom units and one three‑bedroom unit
- One ground‑floor commercial space with lease through March 31, 2027
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
$113,378
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
5.04%
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%
$2,267,560
$2.3M
Cap Rate 7%
$1,619,686
$1.6M
Cap Rate 9%
$1,259,756
$1.3M
Market Conditions
NOI Build-Up for 7,208 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
$218.8K $30.36/SF
− Vacancy
−$12.7K −$1.76/SF
EGI
$206.1K $28.60/SF
− OpEx
−$92.8K −$12.87/SF
NOI
$113.4K $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%
$2,267,560
Cap Rate 7%
$1,619,686
Cap Rate 9%
$1,259,756
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,378 @ 7.0% cap · market cap 5.04%
Second Best
Mixed Use
$1.22M
$1.07M – $1.43M
NOI $85,631 @ 7.0% cap · market cap 3.81%
Theoretical Best
Multifamily LT 5
$1.76M
$1.54M – $2.05M
NOI $123,004 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
100%
Occupancy
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19,028
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven apartments and a ground-floor commercial space comprise the building.
Where is this mixed-use property located?
The property is located at 1110 SOUTH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 7,208‑square‑foot, four‑story mixed‑use building constructed in 2016; Seven apartments: six one‑bedroom units and one three‑bedroom unit; One ground‑floor commercial space with lease through March 31, 2027
