Mixed-Use Income
1135 South 9th Street Philadelphia, PA 19147
1135 South 9th Street, Philadelphia, PA, 19147
$780,000
For Sale
$780,000
Fully renovated building with a leased first-floor storefront and separate side access to the upper apartment floors.
Property Size2,200 SF
Price / SF$354.55
Days on Market560
Property Features for 1135 South 9th Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing agency
Keller Williams Realty
(267) 506-7100
Listed by
Andrew F Cheng · License #RS3263312
(267) 506-7100
Source
Compass
Added: Jan 7, 2025 Updated: Jul 20 at 5:36PM Checked: Jul 20 at 5:36PM
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 Realty
Investment Insights
Based on property information with market context.
This mixed-use income property includes a leased first-floor storefront and finished living space on the 2nd and 3rd floors. The first floor is currently occupied by a custom t-shirt and apparel business and provides access to the basement. A side entrance leads to the 2nd and 3rd floors.
On the 2nd floor, there are two bedrooms and a full tile bathroom, along with hardwood flooring, a modern finished kitchen, and central HVAC. The 3rd floor features one bedroom and a full bathroom, with a kitchen that includes granite top surfaces, recessed lighting, and a spacious living room.
The building was fully renovated a few years ago and is described as largely maintenance free. The property is located just off Washington Ave in the Passyunk Square area, at 1135 South 9th Street, Philadelphia, PA 19147.
On the 2nd floor, there are two bedrooms and a full tile bathroom, along with hardwood flooring, a modern finished kitchen, and central HVAC. The 3rd floor features one bedroom and a full bathroom, with a kitchen that includes granite top surfaces, recessed lighting, and a spacious living room.
The building was fully renovated a few years ago and is described as largely maintenance free. The property is located just off Washington Ave in the Passyunk Square area, at 1135 South 9th Street, Philadelphia, PA 19147.
Key Highlights
- Year built 1915; fully renovated building described as maintenance free
- First‑floor storefront currently leased to a custom t‑shirt and apparel business
- Separate side entrance provides access to the 2nd and 3rd floors
Local 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 | $56.8k | $25.80 |
| − Vacancy | −$3.1k | −$1.42 |
| EGI | $53.6k | $24.38 |
| − OpEx | −$16.1k | −$7.31 |
| NOI | $37.5k | $17.06 |
2,200 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$536.3K
$469.3K – $625.7K
NOI $37,543 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$494.4K
$432.6K – $576.8K
NOI $34,605 @ 7.0% cap · market cap 4.44%
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
B&J ESTAMPADOS Y ...
Custom T-Shirt Store
JC General Contractor ...
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully renovated building with a leased first-floor storefront and separate side access to the upper apartment floors.
Where is this duplex located?
The property is located at 1135 South 9th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Year built 1915; fully renovated building described as maintenance free; First‑floor storefront currently leased to a custom t‑shirt and apparel business; Separate side entrance provides access to the 2nd and 3rd floors
