Back to Search

Mixed-Use Building with Office Space

1500 West Ritner Street Philadelphia, PA 19145

1500 West Ritner Street, Philadelphia, PA, 19145

$399,900

For Sale

$399,900

Three apartments and dedicated ground-floor office in prime location.

Property Size2,656 SF

Price / SF$150.56

AddedAug 29, 2025

Days on Market321

Last RefreshJul 5 at 10:21 am

Property Features for 1500 West Ritner Street

General Information

Standard status: Active
Size: 2,656 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 1920

Listing office Alpha Realty Group

Listing date Aug 29, 2025

Source Compass

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 Alpha Realty Group

Investment Insights

Based on property information with market context.

This three-story mixed-use building features three apartments and a dedicated ground-floor office space. The first floor includes a versatile office space with its own entrance, suitable for a studio, and a one-bedroom apartment with a separate entrance. The second floor offers a one-bedroom, one-bathroom apartment designed for comfort and privacy, featuring ample natural light, a functional layout, and modern finishes. The third floor contains a large, open-concept one-bedroom, one-bathroom apartment, providing a private and spacious retreat with kitchen appliances, generous living areas, and scenic views. The property offers flexible living arrangements or rental income from the three separate residential units, along with income potential from the ground-floor office with street access. The building is located in a prime location with easy access to public transportation, dining, shopping, and a sports complex. It is situated in Philadelphia, within the 19145 MLS Area. The property is suitable for an owner-occupant looking to live and run their business from the same building, or for an investor seeking a high-yield asset. The property size is 2656 square feet.

Key Highlights

Prime location with easy access to public transportation, dining, shopping, and sports complex
Three separate residential units offer flexible living or rental income
Dedicated ground‑floor office with street access, ideal for a studio or business

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.3k	$21.96
− Vacancy	−$11.7k	−$4.41
EGI	$46.6k	$17.55
− OpEx	−$11.7k	−$4.39
NOI	$35.0k	$13.16

2,656 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%

Alternative Uses

Best Use

Multifamily LT 5

$647.5K

$566.6K – $755.4K (±1% cap)

NOI $45,324 @ 7.0% cap · market cap 11.33%

Second Best

Apartment 5plus

$596.8K

$522.2K – $696.3K (±1% cap)

NOI $41,778 @ 7.0% cap · market cap 10.45%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Similar For Sale Nearby

$1,400,000

5,000 SF

Freestanding Single-Story Retail Building

Single-story building on a triangular parcel with drive-in access and frontage on two avenues.

2040 NAPFLE AVENUE, PHILADELPHIA, PA 19152

View Details
$1,200,000

2,720 SF

Mixed-Use Corner Property with Garage

Mixed-use property with an improved ground-floor commercial space and an upstairs 1-bedroom bi-level residence with private outdoor space.

626 S 7TH Street, PHILADELPHIA, PA 19147

View Details
$2,990,000

6,495 SF

Restaurant Opportunity in Philadelphia, PA

Restaurant with 170 parking spaces on 1.77 acres.

80 FRANKLIN MILLS Boulevard, PHILADELPHIA, PA 19154

View Details
$1,550,000

3,285 SF

Corner Mixed-Use Building with Bar

Corner mixed-use building with substantial avenue frontage and a ground-floor bar plus two bi-level residential units.

541 E GIRARD Avenue, PHILADELPHIA, PA 19125

View Details
$549,944

700 SF

Mixed-Use Brownstone with Storefront

Three-story live-work setup with a renovated first-floor storefront and remodeled apartment above.

212 FAIRMOUNT Avenue, PHILADELPHIA, PA 19123

View Details
$645,000

4,278 SF

Mixed-Use Building with Two-Level Layout

Versatile mixed-use property with street-level presence, a 5-car parking lot, and an interior setup for offices and service space.

5519 GERMANTOWN Avenue, PHILADELPHIA, PA 19144

View Details
$2,100,000

9,088 SF

New-Construction 11-Unit Apartment Building

New 2025 construction with in-unit W/D, gourmet kitchens, and a common roof deck for self-contained apartments.

809 DIAMOND Street, PHILADELPHIA, PA 19122

View Details
$610,000

2,505 SF

Fully Leased Triplex with In-Unit Laundry

Three leased 2BR/1BA units with in-unit laundry and updated kitchens and baths.

305 N 41ST Street, PHILADELPHIA, PA 19104

View Details
$995,000

4,216 SF

2019 Four-Unit Multifamily Investment

Four-unit, three-story property built in 2019 with one- and two-bedroom apartments, offered for sale in Philadelphia.

2019 E SUSQUEHANNA Avenue, PHILADELPHIA, PA 19125

View Details
$1,050,000

5,124 SF

Two-Building Multifamily Portfolio

Two connected multifamily buildings total five residential units, with full basements and current full occupancy.

4700-4702 CEDAR Avenue, PHILADELPHIA, PA 19143

View Details
$2,750,000

Turnkey Three-Story Building with Elevator

Renovated three-story property with fully finished basement, elevator service, and sprinkler coverage across all levels.

718 CHESTNUT Street, PHILADELPHIA, PA 19106

View Details
$650,000

2,694 SF

Turnkey Triplex with Tax Abatement

New construction triplex with three unit layouts, energy-efficient appliances, and private outdoor space for Unit 1.

1219 W BUTLER Street, PHILADELPHIA, PA 19140

View Details

For sale
Mixed-use properties
PA
Philadelphia
19145
1500 West Ritner Street

What type of property is this?

Mixed-use property - Three apartments and dedicated ground-floor office in prime location.

Where is this mixed-use property located?

The property is located at 1500 West Ritner Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Prime location with easy access to public transportation, dining, shopping, and sports complex; Three separate residential units offer flexible living or rental income; Dedicated ground‑floor office with street access, ideal for a studio or business