Remodeled Mixed-Use
New
For Sale
$539,000
2747 S 7TH ST, Philadelphia, PA 19148
Updated commercial space with a bi-level apartment, separate electric panels, and flexible first-floor retail potential.
Property Size1,654 SF
Price / SF$325.88
Days on Market2
Property Features for 2747 S 7TH ST
General Information
Standard status
Active
Size
1,654 SF
Property subtype
Multi-Family
Building Details
Buildings
1
Listing Agency:
Better Homes and Gardens Real Estate - Maturo PA
(215) 639-4800
Listed By:
Keith R Squires
(856) 466-4958
Source:
Davidyungmann.myrealestateplatform
Added: Sep 14
Last Checked: Sep 10 at 7:46AM
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 Better Homes and Gardens Real Estate - Maturo PA
Investment Insights
Based on property information with market context.
This remodeled mixed-use building combines commercial space on the first floor with a bi-level two-bedroom apartment above. The property has undergone a comprehensive renovation that includes new electrical systems, separate electric panels, updated appliances, contemporary finishes, and an open apartment layout. The commercial level can accommodate uses such as a retail shop, beauty salon, barbershop, or boutique, subject to applicable requirements.
The property is located in South Philadelphia at 2747 S 7TH ST, approximately 1.1 miles from Citizens Bank Park and 0.8 miles from the Live! Hotel & Casino. The surrounding area includes neighborhood foot traffic, public transportation, major highways, dining, and entertainment venues. The configuration supports an owner-occupant arrangement or separate residential rental use above the commercial space.
The property is located in South Philadelphia at 2747 S 7TH ST, approximately 1.1 miles from Citizens Bank Park and 0.8 miles from the Live! Hotel & Casino. The surrounding area includes neighborhood foot traffic, public transportation, major highways, dining, and entertainment venues. The configuration supports an owner-occupant arrangement or separate residential rental use above the commercial space.
Key Highlights
- Renovated mixed‑use building with commercial space and a bi‑level 2‑bedroom apartment
- New electrical systems with separate electric panels for the commercial and residential areas
- Updated apartment includes new appliances, contemporary finishes, and an open layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,650
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,000
$393.0K
Cap Rate 7%
$280,714
$280.7K
Cap Rate 9%
$218,333
$218.3K
Market Conditions
NOI Build-Up for 1,654 SF
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.
Gross rent
$35.7K $21.60/SF
− Vacancy
−$4.3K −$2.59/SF
EGI
$31.4K $19.01/SF
− OpEx
−$11.8K −$7.13/SF
NOI
$19.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,000
Cap Rate 7%
$280,714
Cap Rate 9%
$218,333
Alternative Uses
Best Use
Mixed Use
$280.7K
$245.6K – $327.5K
NOI $19,650 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$267.1K
$233.7K – $311.6K
NOI $18,694 @ 7.0% cap · market cap 3.47%
Theoretical Best
Multifamily LT 5
$403.2K
$352.8K – $470.4K
NOI $28,225 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,792
Businesses Nearby
249k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 29%
Shops & Services 25%
Groceries 21%
Dining 21%
ShopRite
Groceries
52,654 visits/mo
0.3 miles
Burlington
Apparel
35,573 visits/mo
0.2 miles
McDonald's
Dining
29,276 visits/mo
0.5 miles
Ross Dress for Less
Apparel
24,388 visits/mo
0.3 miles
Dunkin' Donuts
Dining
16,164 visits/mo
0.2 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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial space with a bi-level apartment, separate electric panels, and flexible first-floor retail potential.
Where is this mixed-use property located?
The property is located at 2747 S 7TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Renovated mixed‑use building with commercial space and a bi‑level 2‑bedroom apartment; New electrical systems with separate electric panels for the commercial and residential areas; Updated apartment includes new appliances, contemporary finishes, and an open layout
