Mixed-Use Corner Building with
For Sale
$4,250,000
1400-14 Darien St, Philadelphia, PA 19147
Seven renovated apartments plus five commercial tenants occupy 10 retail spaces, supported by recent roof replacements.
Property Size20,531 SF
Price / SF$207
Days on Market62
Property Features for 1400-14 Darien St
General Information
Standard status
Active
Size
20,531 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$43,127
Amenities
Central Air
RSA5
Parking.
On Street.
Building Details
Year Built
1940
Year Renovated
2016
Tenancy
Multi
Listing Agency:
SDG Management, LLC
(267) 446-9133
Listed By:
Shawn Witter
(267) 446-9133
Source:
Xome
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 10 at 2:53AM
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 SDG Management, LLC
Investment Insights
Based on property information with market context.
1400–1414 S Darien Street is a mixed-use building on a prominent hard-corner parcel, offering seven renovated residential apartments and five commercial tenants across 10 commercial spaces. Residential units were comprehensively renovated in 2016, with updated kitchens, baths, HVAC systems, plumbing, electrical, windows, and in-unit laundry. Capital improvements include a new rear roof installed in 2025 with a 20-year warranty and a front roof recoat completed in 2026.
The commercial component is anchored by established local operator Foreign Fix Auto Center, and the property is currently supported by in-place income with gross potential income exceeding $339,000 annually and an in-place NOI of approximately $247,000. Walk Score is 96 and Transit Score is 90. The property is located about three blocks from the Italian Market and is approximately 12 minutes to Center City.
The commercial component is anchored by established local operator Foreign Fix Auto Center, and the property is currently supported by in-place income with gross potential income exceeding $339,000 annually and an in-place NOI of approximately $247,000. Walk Score is 96 and Transit Score is 90. The property is located about three blocks from the Italian Market and is approximately 12 minutes to Center City.
Key Highlights
- 25,400 SF mixed‑use building on a 20,534 SF hard‑corner lot in Philadelphia’s East Passyunk Corridor
- Tenant mix includes 7 residential apartments and 5 commercial tenants occupying 10 commercial spaces
- In‑place NOI is approximately $247,132 with gross potential income of approximately $339,600 annually
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
$322,943
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
7.60%
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%
$6,458,860
$6.5M
Cap Rate 7%
$4,613,471
$4.6M
Cap Rate 9%
$3,588,256
$3.6M
Market Conditions
NOI Build-Up for 20,531 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
$623.3K $30.36/SF
− Vacancy
−$36.2K −$1.76/SF
EGI
$587.2K $28.60/SF
− OpEx
−$264.2K −$12.87/SF
NOI
$322.9K $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 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%
$6,458,860
Cap Rate 7%
$4,613,471
Cap Rate 9%
$3,588,256
Alternative Uses
Best Use
Apartment 5plus
$4.61M
$4.04M – $5.38M
NOI $322,943 @ 7.0% cap · market cap 7.60%
Second Best
Mixed Use
$3.48M
$3.05M – $4.07M
NOI $243,908 @ 7.0% cap · market cap 5.74%
Theoretical Best
Multifamily LT 5
$5.01M
$4.38M – $5.84M
NOI $350,359 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven renovated apartments plus five commercial tenants occupy 10 retail spaces, supported by recent roof replacements.
Where is this apartment building located?
The property is located at 1400-14 Darien St Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 25,400 SF mixed‑use building on a 20,534 SF hard‑corner lot in Philadelphia’s East Passyunk Corridor; Tenant mix includes 7 residential apartments and 5 commercial tenants occupying 10 commercial spaces; In‑place NOI is approximately $247,132 with gross potential income of approximately $339,600 annually
