Three-Unit Mixed-Use
New
For Sale
$609,000
1204 E PALMER Street, Philadelphia, PA 19125
Multi-Family, PHILADELPHIA, PA
Property Size1,710 SF
Lot Size0.01 Acres
Price / SF$356.14
Days on Market2
Property Features for 1204 E PALMER Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Subdivision
FISHTOWN
Elementary school
ALEXANDER ADAIRE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,710 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Annual Amount
5505
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
Pella windows
galley kitchens with quartz countertops
in-unit washers and dryers
Building Details
Year built
2016
Number of units
3
Building materials
Masonry, Brick
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Benjamin Katz · License #RS356819
(215) 260-9337
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 8:06PM
MLS# PAPH2678864
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,710-square-foot mixed-use building contains three units: a two-level commercial space at street level and two upper-floor efficiency apartments, each with one bedroom and one bathroom. The residential units include galley kitchens with quartz counters, Pella windows, and in-unit washers and dryers. Masonry and brick construction, forced-air heating, and central air are also noted. The property was built in 2016 and occupies a 0.0131-acre parcel.
CMX-2 zoning applies to the property. The stated cap rate is 7.00%.
CMX-2 zoning applies to the property. The stated cap rate is 7.00%.
Key Highlights
- Three units: one two‑level commercial space and two one‑bedroom, one‑bathroom apartments
- 1,710 square feet on a 0.0131‑acre parcel
- CMX‑2 commercial mixed‑use zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,897
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,940
$537.9K
Cap Rate 7%
$384,243
$384.2K
Cap Rate 9%
$298,856
$298.9K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$51.9K $30.36/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$48.9K $28.60/SF
− OpEx
−$22.0K −$12.87/SF
NOI
$26.9K $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%
$537,940
Cap Rate 7%
$384,243
Cap Rate 9%
$298,856
Alternative Uses
Best Use
Apartment 5plus
$384.2K
$336.2K – $448.3K
NOI $26,897 @ 7.0% cap · market cap 4.42%
Second Best
Mixed Use
$290.2K
$253.9K – $338.6K
NOI $20,315 @ 7.0% cap · market cap 3.34%
Theoretical Best
Multifamily LT 5
$416.9K
$364.8K – $486.4K
NOI $29,181 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,561
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 27%
Groceries 20%
Electronics 8%
The Richmond Bottle Shop
Groceries
27,246 visits/mo
0.5 miles
Dollar Tree
Shops & Services
24,165 visits/mo
0.4 miles
Starbucks
Dining
22,344 visits/mo
0.4 miles
Citizens Bank
Shops & Services
8,535 visits/mo
0.4 miles
GameStop
Electronics
6,888 visits/mo
0.4 miles
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
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 - Ground-floor commercial space sits below two one-bedroom apartments, with CMX-2 zoning.
Where is this mixed-use property located?
The property is located at 1204 E PALMER Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Three units: one two‑level commercial space and two one‑bedroom, one‑bathroom apartments; 1,710 square feet on a 0.0131‑acre parcel; CMX‑2 commercial mixed‑use zoning
