Mixed-Use Property with
New
For Sale
$849,900
1500 S 6TH STREET, Philadelphia, PA 19147
Corner property combines an operating laundromat with two residential apartments, separate electric metering, decks, and flexible CMX-1 zoning.
Property Size3,654 SF
Price / SF$232.59
Days on Market5
Property Features for 1500 S 6TH STREET
General Information
Standard status
Active
Size
3,654 SF
Property subtype
Commercial
Zoning
CMX-1
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Business Included
Yes
Amenities
deck
Building Details
Year Built
1915
Buildings
1
Stories
3
Listing Agency:
Century 21 Advantage Gold-South Philadelphia
(267) 918-1880
Listed By:
Phong D Lam · License #RS307378
(267) 918-1880
Source:
Cummingsrealtors
Added: Jul 29
Changed: Aug 2
Last Checked: Aug 2 at 6:37AM
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 Century 21 Advantage Gold-South Philadelphia
Investment Insights
Based on property information with market context.
This 3,654-square-foot mixed-use property, constructed in 1915, combines a coin-operated laundromat with two residential apartments above. The commercial space includes 26 dryers, 25 washers, tile flooring, ceiling fans, natural light, a small office, and a drink refrigerator. The second-floor residence offers three bedrooms, one full bathroom, a kitchen, living room, and deck. Above it, the third-floor apartment provides one primary bedroom, one full bathroom, kitchen, living room, dining room, and a second composite deck.
The property occupies a corner location at 1500 S 6th Street in Philadelphia’s Dickinson Narrows section of South Philadelphia. It is zoned CMX-1 Mixed-Use and has separate electric meters for the commercial space and both apartments. SEPTA bus stops and public transportation are accessible nearby, with shopping, supermarkets, restaurants, gyms, parks, and other amenities in the surrounding area.
Improvements include central air and gas heat installed in 2022 for the second-floor apartment, central air and electric heat installed in 2023 for the third-floor apartment, and a rubber roof installed in March 2026. The unfinished basement provides storage and houses water-heating equipment.
The property occupies a corner location at 1500 S 6th Street in Philadelphia’s Dickinson Narrows section of South Philadelphia. It is zoned CMX-1 Mixed-Use and has separate electric meters for the commercial space and both apartments. SEPTA bus stops and public transportation are accessible nearby, with shopping, supermarkets, restaurants, gyms, parks, and other amenities in the surrounding area.
Improvements include central air and gas heat installed in 2022 for the second-floor apartment, central air and electric heat installed in 2023 for the third-floor apartment, and a rubber roof installed in March 2026. The unfinished basement provides storage and houses water-heating equipment.
Key Highlights
- 3,654‑square‑foot corner mixed‑use property at 1500 S 6th Street, Philadelphia, PA 19147
- Coin laundromat includes 26 dryers and 25 washers
- Two residential apartments with decks above the commercial space
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.9k | $30.36 |
| − Vacancy | −$6.4k | −$1.76 |
| EGI | $104.5k | $28.60 |
| − OpEx | −$47.0k | −$12.87 |
| NOI | $57.5k | $15.73 |
3,654 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$821.1K
$718.5K – $957.9K
NOI $57,476 @ 7.0% cap · market cap 6.76%
Second Best
Mixed Use
$620.1K
$542.6K – $723.5K
NOI $43,410 @ 7.0% cap · market cap 5.11%
Theoretical Best
Multifamily LT 5
$890.8K
$779.4K – $1.04M
NOI $62,355 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,241
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
$524,900
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
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 - Corner property combines an operating laundromat with two residential apartments, separate electric metering, decks, and flexible CMX-1 zoning.
Where is this mixed-use property located?
The property is located at 1500 S 6TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 3,654‑square‑foot corner mixed‑use property at 1500 S 6th Street, Philadelphia, PA 19147; Coin laundromat includes 26 dryers and 25 washers; Two residential apartments with decks above the commercial space
