Mixed-Use Property with Office
For Sale
$650,000
815 S 4th St, Philadelphia, PA 19147
Two commercial spaces and two newer 1-bedroom apartments are housed in a concrete block mixed-use building.
Property Size2,430 SF
Price / SF$267.49
Days on Market10
Property Features for 815 S 4th St
General Information
Standard status
Active
Size
2,430 SF
Building Details
Year Built
2008
Construction
concrete block
Listing Agency:
BHHS Fox & Roach-Center City Walnut
(215) 266-1537
Listed By:
Patrick M Conway · License #RS217990L
Source:
Kandorre
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 5 at 11:11AM
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 BHHS Fox & Roach-Center City Walnut
Investment Insights
Based on property information with market context.
This mixed-use property was built from the ground up with concrete block construction and features two commercial spaces plus two newer 1-bedroom apartments. The first-floor commercial space includes a large open floor plan, marble floors, a full bath, and a private yard that could function well as a professional office setting. The second and third floors are configured as two large 1-bedroom apartments with hardwood floors and newer kitchens.
The building is located in Queen Village along the Fabric Row area. It offers separate, self-contained units throughout the commercial and residential levels.
The commercial and residential components are arranged with a first-floor and basement layout for the commercial space, and second- and third-floor layouts for the two apartments, supporting flexible day-to-day access between uses.
The building is located in Queen Village along the Fabric Row area. It offers separate, self-contained units throughout the commercial and residential levels.
The commercial and residential components are arranged with a first-floor and basement layout for the commercial space, and second- and third-floor layouts for the two apartments, supporting flexible day-to-day access between uses.
Key Highlights
- 2008 mixed‑use building with 2 commercial spaces and 2 one‑bedroom apartments
- Concrete block construction built from the ground up
- 1st floor commercial space plus basement features large open floor plan, marble floors, full bath, and private yard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $59.2k | $24.38 |
| − OpEx | −$17.8k | −$7.31 |
| NOI | $41.5k | $17.06 |
2,430 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$592.4K
$518.4K – $691.1K
NOI $41,468 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$546.0K
$477.8K – $637.1K
NOI $38,223 @ 7.0% cap · market cap 5.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,467
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
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces and two newer 1-bedroom apartments are housed in a concrete block mixed-use building.
Where is this mixed-use property located?
The property is located at 815 S 4th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2008 mixed‑use building with 2 commercial spaces and 2 one‑bedroom apartments; Concrete block construction built from the ground up; 1st floor commercial space plus basement features large open floor plan, marble floors, full bath, and private yard
