Mixed-Use Building with Retail and
1121 Walnut Street Philadelphia, PA 19107
For Sale
$2,875,000
Pending
Renovated, fully occupied mixed-use building with stabilized retail and four apartments above a restaurant ground-floor tenant.
Property Size6,076 SF
Days on Market247
Property Features for 1121 Walnut Street
General Information
- Standard status
- Pending
- Size
- 6,076 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
Compass Pennsylvania, LLC
(215) 990-9525
Listed By:
Bruno Pouget · License #AB068095
(215) 990-9525
Source:
Compass
Added: Nov 20, 2025
Changed: Jul 23
Last Checked: Jul 24 at 12:08PM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
An impeccably renovated, fully occupied mixed-use property featuring a stabilized retail space at the ground floor with a restaurant tenant. Four residential units are located above the retail: two 2-bed/2-bath residences and two 1-bed/1-bath residences. The offering combines newly reimagined residential living with established commercial tenancy in a single asset.
The property is positioned in Midtown Philadelphia and described as being surrounded by luxury development, major medical institutions, and the Convention Center area. It is noted as CMX5-zoned, and the listing highlights this designation as allowing for future vertical expansion, repositioning, or redevelopment.
The sale is presented as a turnkey investment with a cap rate above 7% and full occupancy. Owner financing is also stated as available, and the listing references an attached Pro Forma for additional financial details.
The property is positioned in Midtown Philadelphia and described as being surrounded by luxury development, major medical institutions, and the Convention Center area. It is noted as CMX5-zoned, and the listing highlights this designation as allowing for future vertical expansion, repositioning, or redevelopment.
The sale is presented as a turnkey investment with a cap rate above 7% and full occupancy. Owner financing is also stated as available, and the listing references an attached Pro Forma for additional financial details.
Key Highlights
- CMX5‑zoned renovated mixed‑use building with stabilized retail space and four apartments above a ground‑floor restaurant tenant
- Unit mix: two 2BD/2BA residences and two 1BD/1BA residences
- Fully occupied with diversified residential and retail income; cap rate above 7% (per attached pro forma)
Financial Insights For Multifamily LT 5
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 | $156.8k | $25.80 |
| − Vacancy | −$8.6k | −$1.42 |
| EGI | $148.1k | $24.38 |
| − OpEx | −$44.4k | −$7.31 |
| NOI | $103.7k | $17.06 |
6,076 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.30M – $1.73M
NOI $103,686 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$1.37M
$1.19M – $1.59M
NOI $95,573 @ 7.0% cap · market cap 3.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Oloroso
Restaurant
Remi Ricotta
Specialty Food Shop
Phone Doctor of Philly
Computer & Electronic Repair
FAQs
What type of property is this?
Quadplex - Renovated, fully occupied mixed-use building with stabilized retail and four apartments above a restaurant ground-floor tenant.
Where is this quadplex located?
The property is located at 1121 Walnut Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: CMX5‑zoned renovated mixed‑use building with stabilized retail space and four apartments above a ground‑floor restaurant tenant; Unit mix: two 2BD/2BA residences and two 1BD/1BA residences; Fully occupied with diversified residential and retail income; cap rate above 7% (per attached pro forma)
