Mixed-Use Building with Commercial
For Sale
$325,000
1315 W PORTER STREET, Philadelphia, PA 19148
Two-level property combines a commercial area with a tenant-occupied one-bedroom, one-bath apartment.
Property Size1,500 SF
Price / SF$216.67
Days on Market49
Property Features for 1315 W PORTER STREET
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Site & Location
Neighborhood
Lower Moyamensing
Building Details
Year Built
1935
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Elma Iris Guardiani · License #RS356072
(267) 432-6704
Source:
Cummingsrealtors
Added: Sep 12
Changed: Oct 29
Last Checked: Oct 28 at 8:40AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1935, this 1,500-square-foot mixed-use property places a commercial area on the first floor and a residential apartment on the second. The upper-level unit includes one bedroom and one bathroom and is currently occupied by a tenant. The ground-floor space can accommodate a range of commercial concepts, including a salon, beauty studio, professional office, boutique, or creative workspace, as described for the property.
The building is located at 1315 W Porter Street in South Philadelphia, with access to major roadways, public transportation, shopping, dining, and other neighborhood amenities. Its combination of commercial and residential components supports an owner-user arrangement with an additional residential component or a mixed-use investment strategy.
The building is located at 1315 W Porter Street in South Philadelphia, with access to major roadways, public transportation, shopping, dining, and other neighborhood amenities. Its combination of commercial and residential components supports an owner-user arrangement with an additional residential component or a mixed-use investment strategy.
Key Highlights
- 1,500‑square‑foot mixed‑use property
- First‑floor commercial area
- Second‑floor 1‑bedroom, 1‑bath residential unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,594
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,880
$471.9K
Cap Rate 7%
$337,057
$337.1K
Cap Rate 9%
$262,156
$262.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.5K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$42.9K $28.60/SF
− OpEx
−$19.3K −$12.87/SF
NOI
$23.6K $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%
$471,880
Cap Rate 7%
$337,057
Cap Rate 9%
$262,156
Alternative Uses
Best Use
Apartment 5plus
$337.1K
$294.9K – $393.2K
NOI $23,594 @ 7.0% cap · market cap 7.26%
Second Best
Mixed Use
$254.6K
$222.8K – $297.0K
NOI $17,820 @ 7.0% cap · market cap 5.48%
Theoretical Best
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,215
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 24%
Electronics 2%
Apparel 1%
Citizens Bank
Shops & Services
16,632 visits/mo
0.4 miles
TD Bank
Shops & Services
14,055 visits/mo
0.3 miles
Lukoil
Shops & Services
12,912 visits/mo
0.4 miles
Conoco
Shops & Services
10,085 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,398 visits/mo
0.5 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
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 - Two-level property combines a commercial area with a tenant-occupied one-bedroom, one-bath apartment.
Where is this mixed-use property located?
The property is located at 1315 W PORTER STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,500‑square‑foot mixed‑use property; First‑floor commercial area; Second‑floor 1‑bedroom, 1‑bath residential unit
