Corner Mixed-Use
For Sale
$425,000
1549 S 19TH STREET, Philadelphia, PA 19146
Two-level layout combines commercial space with a two-bedroom apartment and residential outdoor space.
Property Size2,020 SF
Price / SF$210.40
Days on Market23
Property Features for 1549 S 19TH STREET
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Commercial
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Corner Location
Yes
Amenities
tin ceiling
deck
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Alpha Realty Group
(215) 460-5147
Listed By:
Grace G DeGregorio
(215) 460-5147
Source:
Cummingsrealtors
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 29 at 10:15AM
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.
Built in 1925, this 2,020-square-foot corner property combines ground-floor commercial space with a second-floor apartment. The commercial level includes multiple rooms, a tin ceiling, 1/2 bath, basement access, and two large refrigerators. It was previously used as a flower shop.
The upper level provides a two-bedroom apartment with an open living room and kitchen arrangement, a full bath, and a deck. Both bedrooms have been freshly painted and receive abundant natural light. The property is located at 1549 S 19TH STREET in Philadelphia, Pennsylvania 19146.
The upper level provides a two-bedroom apartment with an open living room and kitchen arrangement, a full bath, and a deck. Both bedrooms have been freshly painted and receive abundant natural light. The property is located at 1549 S 19TH STREET in Philadelphia, Pennsylvania 19146.
Key Highlights
- 2,020‑square‑foot mixed‑use property built in 1925
- Ground‑floor commercial space with multiple rooms and tin ceiling
- Commercial level includes 1/2 bath, basement access, and 2 large refrigerators
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
$23,998
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
5.65%
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%
$479,960
$480.0K
Cap Rate 7%
$342,829
$342.8K
Cap Rate 9%
$266,644
$266.6K
Market Conditions
NOI Build-Up for 2,020 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
$43.6K $21.60/SF
− Vacancy
−$5.2K −$2.59/SF
EGI
$38.4K $19.01/SF
− OpEx
−$14.4K −$7.13/SF
NOI
$24.0K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$479,960
Cap Rate 7%
$342,829
Cap Rate 9%
$266,644
Alternative Uses
Best Use
Mixed Use
$342.8K
$300.0K – $400.0K
NOI $23,998 @ 7.0% cap · market cap 5.65%
Second Best
Retail
$326.1K
$285.4K – $380.5K
NOI $22,830 @ 7.0% cap · market cap 5.37%
Theoretical Best
Multifamily LT 5
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,331
Businesses Nearby
18k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Groceries 9%
Electronics 6%
Apparel 4%
AutoZone
Shops & Services
7,588 visits/mo
0.5 miles
Sunoco
Shops & Services
4,488 visits/mo
0.5 miles
Fulton Bank
Shops & Services
2,663 visits/mo
0.4 miles
Fine Wine & Good Spirits
Groceries
1,591 visits/mo
0.3 miles
Boost Mobile
Electronics
1,188 visits/mo
0.3 miles
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level layout combines commercial space with a two-bedroom apartment and residential outdoor space.
Where is this mixed-use property located?
The property is located at 1549 S 19TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,020‑square‑foot mixed‑use property built in 1925; Ground‑floor commercial space with multiple rooms and tin ceiling; Commercial level includes 1/2 bath, basement access, and 2 large refrigerators
