Turnkey Mixed-Use Building with Roof
For Sale
$1,075,000
1120 SOUTH Street, Philadelphia, PA 19147
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,795 SF
Lot Size0.02 Acres
Price / SF$384.62
Days on Market92
Property Features for 1120 SOUTH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
HAWTHORNE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,795 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
8591
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1920
Number of units
4
Building materials
Masonry
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Julie A Russell · License #RS307896
(484) 319-1993
Added: May 1
Changed: Jul 20
Last Checked: Jul 31 at 7:06PM
MLS# PAPH2615790
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2018 and presented as a turnkey mixed-use property, this building includes finished interior space on multiple levels and is designed to accommodate up to four separate tenants. Office space is currently configured across the basement, 1st floor, and 2nd floor, featuring a lobby with large window exposure, 15+ private and semi-private offices, a large conference room, kitchenette, three half bathrooms (including one ADA-compliant), security cameras, and sprinkler protection. The 3rd floor is a studio apartment with high ceiling height, natural light, exposed spiral ductwork, in-unit laundry, closet space, and stainless appliances with gas cooking, along with access to two fiberglass roof decks.
The property is located at 1120 South Street in Philadelphia and is described with CMX2 zoning. Additional building features include spray foam insulation, a three-zone HVAC system, PEX plumbing manifold, quartz counters, tankless water heaters, recessed LED lighting, and heavy-duty roll down security doors on the 1st floor front and back. Two exterior roof decks provide outdoor egress points, and the building is set up with separate meters, French drain, and two sump pumps. The listing notes a 97/100 walk score and 100/100 transit score with convenient access to SEPTA, as well as quick access to I-95 and I-676. Parking options are described in adjacent areas including the lot on Kater Street behind the building and nearby garages.
The property is located at 1120 South Street in Philadelphia and is described with CMX2 zoning. Additional building features include spray foam insulation, a three-zone HVAC system, PEX plumbing manifold, quartz counters, tankless water heaters, recessed LED lighting, and heavy-duty roll down security doors on the 1st floor front and back. Two exterior roof decks provide outdoor egress points, and the building is set up with separate meters, French drain, and two sump pumps. The listing notes a 97/100 walk score and 100/100 transit score with convenient access to SEPTA, as well as quick access to I-95 and I-676. Parking options are described in adjacent areas including the lot on Kater Street behind the building and nearby garages.
Key Highlights
- CMX2 zoning; mixed‑use building designed to accommodate 4 separate tenants with commercial office space and a 3rd‑floor studio apartment.
- Approx. 2,800 SF finished interior space plus about 525 SF exterior space; extra‑wide 16x60 lot.
- Multi‑zone comfort: 3‑zone HVAC, central heating, and central air; sprinkler system plus security cameras on‑site.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.9k | $30.36 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $79.9k | $28.60 |
| − OpEx | −$36.0k | −$12.87 |
| NOI | $44.0k | $15.73 |
2,795 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$628.1K
$549.6K – $732.7K
NOI $43,964 @ 7.0% cap · market cap 4.09%
Second Best
Office B
$525.4K
$459.8K – $613.0K
NOI $36,781 @ 7.0% cap · market cap 3.42%
Theoretical Best
Multifamily LT 5
$681.4K
$596.2K – $794.9K
NOI $47,696 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway 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 Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Modern 2018-built mixed-use building offers office space plus a studio apartment with access to two roof decks.
Where is this office building located?
The property is located at 1120 SOUTH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: CMX2 zoning; mixed‑use building designed to accommodate 4 separate tenants with commercial office space and a 3rd‑floor studio apartment.; Approx. 2,800 SF finished interior space plus about 525 SF exterior space; extra‑wide 16x60 lot.; Multi‑zone comfort: 3‑zone HVAC, central heating, and central air; sprinkler system plus security cameras on‑site.
