Mixed-Use Building with Renovated
For Sale
$3,950,000
140014 DARIEN STREET, Philadelphia, PA 19147
Seven apartments and ten commercial spaces create a diversified residential and commercial configuration.
Property Size20,531 SF
Lot Size0.47 Acres
Price / SF$192.39
Days on Market93
Property Features for 140014 DARIEN STREET
General Information
Standard status
Active
Size
20,531 SF
Lot size
0.47 Acres
Property subtype
Mixed Use
Net Operating Income
$247,132
Additional Details
Asking Price
$4,250,000
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$43,127
Amenities
in-unit laundry
Central Air
3
Parking.
On Street.
Building Details
Year Built
1940
Year Renovated
2016
Buildings
1
Tenancy
Multi
Listing Agency:
SDG Management, LLC
(267) 239-2424
Listed By:
Shawn Witter
(267) 446-9133
Source:
Xome
Added: Jun 10
Changed: Sep 9
Last Checked: Sep 10 at 6:02AM
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.
This 25,400-square-foot mixed-use building combines seven residential apartments with five commercial tenants occupying ten commercial spaces. The apartments were renovated in 2016 with updated kitchens, bathrooms, HVAC systems, plumbing, electrical, windows, and in-unit laundry. Capital improvements include a rear roof installed in 2025 with a 20-year warranty and a front roof recoat completed in 2026. Built in 1940, the property sits on a 20,534-square-foot corner lot and includes parking and central air.
The property is positioned in Philadelphia’s East Passyunk Corridor, three blocks from the Italian Market and approximately 12 minutes from Center City. Walk Score is 96 and Transit Score is 90. Commercial occupancy includes established local operators, including Foreign Fix Auto Center, while the residential and commercial components provide a mix of income-producing spaces within one asset.
The property is positioned in Philadelphia’s East Passyunk Corridor, three blocks from the Italian Market and approximately 12 minutes from Center City. Walk Score is 96 and Transit Score is 90. Commercial occupancy includes established local operators, including Foreign Fix Auto Center, while the residential and commercial components provide a mix of income-producing spaces within one asset.
Key Highlights
- 25,400 SF mixed‑use building on a 20,534 SF corner lot
- 7 residential apartments and 5 commercial tenants across 10 commercial spaces
- Residential units renovated in 2016 with updated systems and in‑unit laundry
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
8.18%
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 8.18%
Second Best
Mixed Use
$3.48M
$3.05M – $4.07M
NOI $243,908 @ 7.0% cap · market cap 6.17%
Theoretical Best
Multifamily LT 5
$5.01M
$4.38M – $5.84M
NOI $350,359 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,469
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?
Mixed-use property - Seven apartments and ten commercial spaces create a diversified residential and commercial configuration.
Where is this mixed-use property located?
The property is located at 140014 DARIEN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 25,400 SF mixed‑use building on a 20,534 SF corner lot; 7 residential apartments and 5 commercial tenants across 10 commercial spaces; Residential units renovated in 2016 with updated systems and in‑unit laundry
