Three-Unit Mixed-Use
For Sale
$459,900
120 W GIRARD AVE, Philadelphia, PA 19123
Two remodeled one-bedroom apartments accompany an occupied commercial storefront with separate utilities and laundry hookups.
Property Size1,980 SF
Price / SF$232.27
Days on Market59
Property Features for 120 W GIRARD AVE
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Gross Income
$43,000
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Re/Max One Realty
(215) 953-8800
Listed By:
Edward J. McDonald Jr. · License #RM423938
(215) 442-9388
Source:
Towncentermd
Added: Aug 22
Changed: Oct 16
Last Checked: Oct 19 at 6:24AM
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 Re/Max One Realty
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Investment Insights
Based on property information with market context.
This 1,980-square-foot mixed-use property contains three units: two remodeled one-bedroom residences and one commercial storefront. The residential spaces include separate utilities and laundry hookups, while the commercial component is occupied by a long-term tenant. Built in 1927, the building combines residential and commercial uses within one asset.
The property is located at 120 W Girard Ave in Philadelphia’s Northern Liberties section. The surrounding area includes restaurants, boutiques, and cultural attractions, with access to public transportation and major highways. Its established mixed-use configuration offers separate residential accommodations alongside an existing commercial tenancy.
The property is located at 120 W Girard Ave in Philadelphia’s Northern Liberties section. The surrounding area includes restaurants, boutiques, and cultural attractions, with access to public transportation and major highways. Its established mixed-use configuration offers separate residential accommodations alongside an existing commercial tenancy.
Key Highlights
- Three‑unit configuration with two residential spaces and one commercial storefront
- Two remodeled one‑bedroom residential units
- Separate utilities and laundry hookups for the residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,144
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,880
$622.9K
Cap Rate 7%
$444,914
$444.9K
Cap Rate 9%
$346,044
$346.0K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$60.1K $30.36/SF
− Vacancy
−$3.5K −$1.76/SF
EGI
$56.6K $28.60/SF
− OpEx
−$25.5K −$12.87/SF
NOI
$31.1K $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 Rate 5%
$622,880
Cap Rate 7%
$444,914
Cap Rate 9%
$346,044
Alternative Uses
Best Use
Apartment 5plus
$444.9K
$389.3K – $519.1K
NOI $31,144 @ 7.0% cap · market cap 6.77%
Second Best
Mixed Use
$336.0K
$294.0K – $392.0K
NOI $23,522 @ 7.0% cap · market cap 5.11%
Theoretical Best
Multifamily LT 5
$482.7K
$422.4K – $563.1K
NOI $33,788 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two remodeled one-bedroom apartments accompany an occupied commercial storefront with separate utilities and laundry hookups.
Where is this mixed-use property located?
The property is located at 120 W GIRARD AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Three‑unit configuration with two residential spaces and one commercial storefront; Two remodeled one‑bedroom residential units; Separate utilities and laundry hookups for the residential units
