Building Details

Building Size 9,175 SF

Year Built 1925

Listing Agency: BHHS Fox & Roach-Rosemont

Listed By: Andrew Michael Brennan · License #RS339166 Show Phone

Source: Lizclarkrealestate

Added: Oct 2 Changed: Oct 8 Last Checked: Oct 7 at 6:46PM

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Investment Insights

Based on property information with market context.

The four-parcel property comprises two sets of twin buildings with a mix of residential and office use. At 14 W Highland Avenue, professional office space sits below a one-bedroom apartment; 16 W Highland Avenue is arranged as a triplex. The 18 address has office space with an updated full kitchen and bath, plus a washer and dryer. The residential twin at 20 W Highland Avenue requires comprehensive renovation. The property was built in 1925 and is zoned CMX-1.

Three on-site parking spaces serve the property, which has access to public transportation and major roadways. The parcels are located in Chestnut Hill, Philadelphia.

Key Highlights

• Four contiguous parcels improved with two sets of twin buildings
• 14 W Highland Avenue has professional office space and a one‑bedroom apartment
• 16 W Highland Avenue is configured as a triplex

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$144,318

Cap Rate

4.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,886,360 $2.9M

Cap Rate 7%

$2,061,686 $2.1M

Cap Rate 9%

$1,603,533 $1.6M

Market Conditions

NOI Build-Up for 9,175 SF

Gross rent

$278.6K $30.36/SF

− Vacancy

−$16.2K −$1.76/SF

EGI

$262.4K $28.60/SF

− OpEx

−$118.1K −$12.87/SF

NOI

$144.3K $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%

$2,886,360

Cap Rate 7%

$2,061,686

Cap Rate 9%

$1,603,533

Alternative Uses

Best Use

Apartment 5plus

$2.06M

$1.80M – $2.41M (±1% cap)

NOI $144,318 @ 7.0% cap · market cap 4.44%

Second Best

Mixed Use

$1.56M

$1.36M – $1.82M (±1% cap)

NOI $108,999 @ 7.0% cap · market cap 3.35%

Theoretical Best

Multifamily LT 5

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,570 @ 7.0% cap · market cap 4.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Barber Shop Accounting Firm Grocery & Convenience Store Locksmith Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,650

Businesses Nearby

Explore this area Business Placement

Demographics for 19118, PA

9,728

Population

5,079

Households

1.9

Avg Household Size

46

Median Age

76%

College-Educated

98%

High-School Grad

3.2 sq mi

ZIP Area

3,040

Density / Sq Mi

$105,667

Median Household Income

$65,197

Median Earnings

$1,772

Median Rent

$688,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Four contiguous parcels combine residential and office configurations, with three on-site parking spaces.

Where is this mixed-use property located?

The property is located at 14-20 W HIGHLAND AVENUE Philadelphia, PA.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Four contiguous parcels improved with two sets of twin buildings; 14 W Highland Avenue has professional office space and a one‑bedroom apartment; 16 W Highland Avenue is configured as a triplex