Mixed-Use Building with Four
For Sale
$749,500
2439 N College Avenue, Philadelphia, PA 19121
Residential units are paired with a separate commercial component in one occupied property.
Property Size4,422 SF
Price / SF$169.49
Days on Market85
Property Features for 2439 N College Avenue
General Information
Standard status
Active
Size
4,422 SF
Property subtype
Multi-Family
Zoning
CMX2
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$976
Amenities
Electric
Yes
No
Estimated
No Pool
Public
Y50
34.00 x 75.00
0.06
Assessor
On Street
Slab
44700.00
Building Details
Building Size
4,422 SF
Year Built
1915
Tenancy
Multi
Listing Agency:
Zar Realty, LLC
(856) 222-0077
Listed By:
Julia Joyce-Hall
(856) 630-4482
Source:
Thetristaterealestategroup
Added: Jul 13
Changed: Sep 30
Last Checked: Oct 5 at 4:50PM
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 Zar Realty, LLC
Investment Insights
Based on property information with market context.
Located at 2439 N College Ave in Philadelphia, this 4,422-square-foot mixed-use property combines four apartments with one commercial building. The residential component includes three two-bedroom, one-bath apartments and a one-bedroom, one-bath basement apartment.
The commercial space is occupied by a home care tenant, while all four apartments are rented. The property is fully occupied and carries a reported 7+ cap rate. Access to the 12-month P&L and offers is coordinated through the agent before showings.
The commercial space is occupied by a home care tenant, while all four apartments are rented. The property is fully occupied and carries a reported 7+ cap rate. Access to the 12-month P&L and offers is coordinated through the agent before showings.
Key Highlights
- 4,422‑square‑foot mixed‑use property
- Four apartments: three 2‑bed/1‑bath units and one 1‑bed/1‑bath basement apartment
- One commercial building occupied by a home care tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,533
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,660
$1.1M
Cap Rate 7%
$750,471
$750.5K
Cap Rate 9%
$583,700
$583.7K
Market Conditions
NOI Build-Up for 4,422 SF
Gross rent
$95.5K $21.60/SF
− Vacancy
−$11.5K −$2.59/SF
EGI
$84.1K $19.01/SF
− OpEx
−$31.5K −$7.13/SF
NOI
$52.5K $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%
$1,050,660
Cap Rate 7%
$750,471
Cap Rate 9%
$583,700
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$943.3K – $1.26M
NOI $75,461 @ 7.0% cap · market cap 10.07%
Second Best
Apartment 5plus
$993.7K
$869.5K – $1.16M
NOI $69,556 @ 7.0% cap · market cap 9.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,950
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units are paired with a separate commercial component in one occupied property.
Where is this mixed-use property located?
The property is located at 2439 N College Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $749,500.
What are key features of this property?
This property features: 4,422‑square‑foot mixed‑use property; Four apartments: three 2‑bed/1‑bath units and one 1‑bed/1‑bath basement apartment; One commercial building occupied by a home care tenant
