Mixed-Use Property with Bi-Level Commercial
New
For Sale
$719,000
1206 E PALMER Street, Philadelphia, PA 19125
Multi-Family, PHILADELPHIA, PA
Property Size2,418 SF
Lot Size0.03 Acres
Price / SF$297.35
Days on Market3
Property Features for 1206 E PALMER Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Elementary school
ADAIRE ALEXANDER
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,418 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
7784
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private rear patio
in-unit washer and dryer
lower-level kitchen
two full bathrooms
Building Details
Year built
2016
Number of units
3
Building materials
Masonry, Stucco, HardiPlank Type
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 22 at 1:06AM
MLS# PAPH2678862
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 2,418-square-foot mixed-use property contains three units: a two-level commercial space and two upper-floor apartments, each with two bedrooms and one bathroom. The commercial unit includes a kitchen on the lower level, two full bathrooms, a private rear patio, and an in-unit washer and dryer. It is vacant following the departure of its former tenant. The apartments feature quartz-counter kitchens, Pella windows, and in-unit laundry. The property was built in 2016 and sits on a 0.0273-acre lot in Philadelphia’s Fishtown neighborhood. CMX-2 zoning applies to the property.
Key Highlights
- Three‑unit layout combines a bi‑level commercial space with two residential apartments
- Commercial unit has a lower‑level kitchen, two full bathrooms, private rear patio, and in‑unit washer and dryer
- Each apartment has two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,726
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,520
$574.5K
Cap Rate 7%
$410,371
$410.4K
Cap Rate 9%
$319,178
$319.2K
Market Conditions
NOI Build-Up for 2,418 SF
Gross rent
$52.2K $21.60/SF
− Vacancy
−$6.3K −$2.59/SF
EGI
$46.0K $19.01/SF
− OpEx
−$17.2K −$7.13/SF
NOI
$28.7K $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%
$574,520
Cap Rate 7%
$410,371
Cap Rate 9%
$319,178
Alternative Uses
Best Use
Mixed Use
$410.4K
$359.1K – $478.8K
NOI $28,726 @ 7.0% cap · market cap 4.00%
Second Best
Retail
$390.4K
$341.6K – $455.5K
NOI $27,329 @ 7.0% cap · market cap 3.80%
Theoretical Best
Multifamily LT 5
$589.5K
$515.8K – $687.7K
NOI $41,263 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,151
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 21%
Electronics 5%
Home Improvements & Furnishings 5%
McDonald's
Dining
23,463 visits/mo
0.4 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.4 miles
Jeni's Splendid Ice Creams
Dining
5,149 visits/mo
0.3 miles
Carvana
Shops & Services
3,310 visits/mo
0.5 miles
La Colombe Coffee Roasters
Dining
3,154 visits/mo
0.2 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-2 zoning and a vacant commercial component provide flexibility within a three-unit configuration.
Where is this mixed-use property located?
The property is located at 1206 E PALMER Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Three‑unit layout combines a bi‑level commercial space with two residential apartments; Commercial unit has a lower‑level kitchen, two full bathrooms, private rear patio, and in‑unit washer and dryer; Each apartment has two bedrooms and one bathroom
