Mixed-Use Property with
New
For Sale
$1,325,000
1204-06 E Palmer St, Philadelphia, PA 19125
Two commercial storefronts and five rental units combine business space with residential income.
Property Size4,128 SF
Price / SF$320.98
Days on Market3
Property Features for 1204-06 E Palmer St
General Information
Standard status
Active
Size
4,128 SF
Property subtype
Commercial
Additional Details
Cap Rate
7.25%
Multifamily Units
5
Building Details
Year Built
2016
Buildings
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Benjamin Katz · License #RS356819
(215) 260-9337
Source:
Baltimoreharfordhomesforsale
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 6:14PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1204-1206 E Palmer Street, this mixed-use property comprises two commercial storefronts and five rental units across two parcels. The buildings were constructed in 2016 and are described as being in excellent condition.
The property is in Philadelphia’s Fishtown neighborhood. Its commercial and residential components provide a combination of storefront space and rental units within the same asset.
The property is in Philadelphia’s Fishtown neighborhood. Its commercial and residential components provide a combination of storefront space and rental units within the same asset.
Key Highlights
- Two commercial storefronts and five rental units across two parcels
- Built in 2016
- Located in Philadelphia’s Fishtown neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,931
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,298,620
$1.3M
Cap Rate 7%
$927,586
$927.6K
Cap Rate 9%
$721,456
$721.5K
Market Conditions
NOI Build-Up for 4,128 SF
Gross rent
$125.3K $30.36/SF
− Vacancy
−$7.3K −$1.76/SF
EGI
$118.1K $28.60/SF
− OpEx
−$53.1K −$12.87/SF
NOI
$64.9K $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%
$1,298,620
Cap Rate 7%
$927,586
Cap Rate 9%
$721,456
Alternative Uses
Best Use
Apartment 5plus
$927.6K
$811.6K – $1.08M
NOI $64,931 @ 7.0% cap · market cap 4.90%
Second Best
Mixed Use
$700.6K
$613.0K – $817.4K
NOI $49,041 @ 7.0% cap · market cap 3.70%
Theoretical Best
Multifamily LT 5
$1.01M
$880.6K – $1.17M
NOI $70,444 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,561
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial storefronts and five rental units combine business space with residential income.
Where is this mixed-use property located?
The property is located at 1204-06 E Palmer St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two commercial storefronts and five rental units across two parcels; Built in 2016; Located in Philadelphia’s Fishtown neighborhood
