Mixed-Use Property with 2-Bedroom
For Sale
$349,900
1148 South 9th Street, Philadelphia, PA 19147
Two-story residential unit accompanies a commercial space in a tenant-occupied mixed-use building.
Property Size1,379 SF
Price / SF$253.73
Days on Market153
Property Features for 1148 South 9th Street
General Information
Standard status
Active
Size
1,379 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Occupancy
100%
Site & Location
Neighborhood
Wharton
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,945
Amenities
No Pool
Building Details
Year Built
1920
Stories
3
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Jaimee Brosko-Smith · License #AB069165
(610) 931-5027
Source:
Compass
Added: May 25
Changed: Oct 23
Last Checked: Oct 23 at 10:38AM
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
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Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property combines a first-floor commercial space with an updated apartment arranged across the upper two floors. The residence includes two bedrooms, creating a clear separation between the commercial and residential components within the building. Both spaces are occupied by tenants, and the property is described as being in good condition.
The property is located at 1148 S 9th Street in Philadelphia’s Italian Market neighborhood. Its combination of street-level commercial space and an upper-level apartment offers a straightforward mixed-use configuration in an established Philadelphia setting.
The property is located at 1148 S 9th Street in Philadelphia’s Italian Market neighborhood. Its combination of street-level commercial space and an upper-level apartment offers a straightforward mixed-use configuration in an established Philadelphia setting.
Key Highlights
- First‑floor commercial space with an upper‑level residential component
- Updated two‑story, 2‑bedroom apartment
- Commercial and residential units are both tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,383
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,660
$327.7K
Cap Rate 7%
$234,043
$234.0K
Cap Rate 9%
$182,033
$182.0K
Market Conditions
NOI Build-Up for 1,379 SF
Gross rent
$29.8K $21.60/SF
− Vacancy
−$3.6K −$2.59/SF
EGI
$26.2K $19.01/SF
− OpEx
−$9.8K −$7.13/SF
NOI
$16.4K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,660
Cap Rate 7%
$234,043
Cap Rate 9%
$182,033
Alternative Uses
Best Use
Mixed Use
$234.0K
$204.8K – $273.1K
NOI $16,383 @ 7.0% cap · market cap 4.68%
Second Best
Retail
$222.7K
$194.8K – $259.8K
NOI $15,586 @ 7.0% cap · market cap 4.45%
Theoretical Best
Multifamily LT 5
$336.2K
$294.2K – $392.2K
NOI $23,532 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,273
Businesses Nearby
213k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Shops & Services 26%
Dining 17%
Electronics 1%
Whole Foods Market
Groceries
37,607 visits/mo
0.5 miles
ACME Markets
Groceries
32,911 visits/mo
0.3 miles
Sprouts Farmers Market
Groceries
23,111 visits/mo
0.5 miles
ACME Markets
Groceries
20,427 visits/mo
0.5 miles
Sunoco
Shops & Services
16,488 visits/mo
0.0 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story residential unit accompanies a commercial space in a tenant-occupied mixed-use building.
Where is this mixed-use property located?
The property is located at 1148 South 9th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: First‑floor commercial space with an upper‑level residential component; Updated two‑story, 2‑bedroom apartment; Commercial and residential units are both tenant‑occupied
