Three-Story Duplex Near Passyunk
1307 Mifflin Street, Philadelphia, PA 19148
Three-story duplex with commercial store and bi-level apartment.
Type:Multi-Family / Fee Simple
Property size:
1,707 SFPrice / SF:
$307/SF- Added:
- Jul 3, 2022
- Days on Market:
- 1432
- Last Refresh:
- Mar 13 at 3:31 pm
Property Features for 1307 Mifflin Street
General Information
- Standard status
- Active
- Size
- 1,707 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agent Michael A Giangiordano II License #1758195 (267) 688-1449
Listing office Century 21 Forrester Real Estate (267) 688-1449
Listing date Jul 3, 2022
Source Compass
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 Century 21 Forrester Real Estate
HighLights
- Prime location right off East Passyunk Avenue, offering high visibility.
- Three‑story duplex with a commercial store and a bi‑level apartment.
- Modern, bi‑level 2 bed, 2 bath apartment with a 3rd‑floor deck, central air, granite countertops, and in‑unit W/D; currently leased for $1750/month.
- Commercial store is in nice condition and suitable for owner‑occupancy or tenant leasing.
- Includes an unfinished basement with sound systems and a half bath.
- Separate utilities for the store and apartment.
Overview
Located right off East Passyunk Avenue, this three-story duplex features a commercial store and a bi-level apartment. The commercial store, previously a beer store and a travel agency, is currently vacant and in good condition, suitable for an owner-occupant or tenant. It includes access to an unfinished basement with sound systems and a half bath, a wall AC unit, and radiator gas heating. There are separate utilities for the store and apartment, but only one water meter for the entire building. The modern bi-level apartment has two bedrooms and two bathrooms and is currently leased for $1750 per month. It features a third-floor deck, central air, a modern kitchen with granite countertops and appliances including a dishwasher and a washer/dryer, hardwood floors, and modern tiled bathrooms. The property is being sold in "AS-IS" condition. The property size is 1707 square feet. The property is located in Philadelphia, MLS Area 19148, and within The School District of Philadelphia.
Local 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 | $44.0k | $25.80 |
| − Vacancy | −$2.4k | −$1.42 |
| EGI | $41.6k | $24.38 |
| − OpEx | −$12.5k | −$7.31 |
| NOI | $29.1k | $17.06 |
1,707 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.1K
$364.1K – $485.5K
NOI $29,130 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$383.6K
$335.6K – $447.5K
NOI $26,850 @ 7.0% cap · market cap 5.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Stickman Brewery
Production Facility
XpressMaids House Cleaning ...
Big Box & Wholesale Store
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.16759
- Latitude
- 39.926765
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story duplex with commercial store and bi-level apartment.
Where is this mixed-use property located?
The property is located at 1307 Mifflin Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime location right off East Passyunk Avenue, offering high visibility.; Three‑story duplex with a commercial store and a bi‑level apartment.; Modern, bi‑level 2 bed, 2 bath apartment with a 3rd‑floor deck, central air, granite countertops, and in‑unit W/D; currently leased for $1750/month.
