Mixed-Use Double-Wide Retail
For Sale
$2,750,000
612 S 4th St, Philadelphia, PA 19147
Double-wide, fully leased building with two ground-floor retail spaces and eight residential apartments.
Property Size8,200 SF
Price / SF$335.37
Days on Market79
Property Features for 612 S 4th St
General Information
Standard status
Active
Size
8,200 SF
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
8
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
MAXWELL REALTY COMPANY
Listed By:
Nancy L Alperin · License #RM050817L
(215) 620-0099
Source:
Kandorre
Added: Jul 20
Changed: Sep 22
Last Checked: Oct 5 at 8:00PM
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 MAXWELL REALTY COMPANY
Investment Insights
Based on property information with market context.
This double-wide mixed-use property includes two contiguous buildings with a total of 10 fully leased units: eight residential apartments and two ground-floor commercial spaces. The residential component features four two-bedroom apartments and four bi-level one-bedroom units, accessed via a private, gated entrance on Leithgow Street. Apartment interiors include hardwood flooring, granite countertops, stainless steel appliances, custom cherry cabinetry, designer-tiled bathrooms, and central air conditioning. Residents also have access to a rooftop deck.
The two storefront spaces are occupied under long-term leases and currently operate as a UPS store and a nail salon. Each storefront benefits from strong visibility and multiple points of egress.
The buildings have separately metered utilities, including water, paid directly by tenants, which can reduce owner expense and simplify day-to-day management.
The two storefront spaces are occupied under long-term leases and currently operate as a UPS store and a nail salon. Each storefront benefits from strong visibility and multiple points of egress.
The buildings have separately metered utilities, including water, paid directly by tenants, which can reduce owner expense and simplify day-to-day management.
Key Highlights
- Two contiguous buildings at 612–614 S. 4th St. totaling 10 fully leased units: 8 residential apartments and 2 ground‑floor commercial spaces.
- Residential unit mix: four 2‑bedroom apartments and four bi‑level 1‑bedroom units.
- Residential accessed via a private, gated entrance on Leithgow Street; hardwood floors, granite countertops, stainless steel appliances, and custom cherry cabinetry.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,982
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,579,640
$2.6M
Cap Rate 7%
$1,842,600
$1.8M
Cap Rate 9%
$1,433,133
$1.4M
Market Conditions
NOI Build-Up for 8,200 SF
Gross rent
$249.0K $30.36/SF
− Vacancy
−$14.4K −$1.76/SF
EGI
$234.5K $28.60/SF
− OpEx
−$105.5K −$12.87/SF
NOI
$129.0K $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%
$2,579,640
Cap Rate 7%
$1,842,600
Cap Rate 9%
$1,433,133
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $128,982 @ 7.0% cap · market cap 4.69%
Second Best
Retail
$1.32M
$1.16M – $1.54M
NOI $92,678 @ 7.0% cap · market cap 3.37%
Theoretical Best
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $139,932 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
9,041
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Double-wide, fully leased building with two ground-floor retail spaces and eight residential apartments.
Where is this apartment building located?
The property is located at 612 S 4th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two contiguous buildings at 612–614 S. 4th St. totaling 10 fully leased units: 8 residential apartments and 2 ground‑floor commercial spaces.; Residential unit mix: four 2‑bedroom apartments and four bi‑level 1‑bedroom units.; Residential accessed via a private, gated entrance on Leithgow Street; hardwood floors, granite countertops, stainless steel appliances, and custom cherry cabinetry.
