Passyunk Square Mixed-Use
1600 E PASSYUNK Avenue Philadelphia, PA 19148
1600 E PASSYUNK Avenue, Philadelphia, PA, 19148
$1,390,000
For Sale
Under Contract
$1,390,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,353 SF
Lot Size0.03 Acres
Price / SF$414.55
Days on Market63
Property Features for 1600 E PASSYUNK Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active Under Contract
- Size
- 3,353 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9584
Utilities
- Heating system
- Central, Other (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
Coldwell Banker Realty
(215) 923-7600
325 Chestnut Street unit: 1300, Plymouth Meeting, PA
Listed by
Doug Gungor · License #RS306057
(267) 455-2613
Added: May 17 Checked: Jul 18 at 10:06 am
MLS# PAPH2623044
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of Passyunk Square, this mixed-use property faces the singing fountain. Zoned CMX 2.5, the property features a commercial first floor with hardwood floors, abundant light fixtures, a half bathroom, and large windows suitable for retail exposure, benefiting from high foot and drive-by traffic. An expansive basement space is also available. The second floor includes a modern 2-bed/1-bath unit, delivered vacant, featuring hardwood floors, stainless steel appliances, granite counters, and a washer and dryer. The third floor offers another 2-bed/1-bath unit, currently occupied at $1850 per month, maintained in immaculate condition with modern features and a washer/dryer. The property is located on one of the most sought-after business corridors of Philadelphia, a short distance from Broad Street and a 5-minute drive to I-95 and Center City. The property size is 3,353 square feet and the lot size is 0.0266 acres.
Key Highlights
- CMX 2.5 zoned mixed‑use property with commercial first floor and two residential 2 bed/1 bath units above
- Commercial first floor features hardwood floors, large windows, a half bathroom, and on‑street parking
- Expansive basement space available for added storage or other uses
Local 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 | $101.8k | $30.36 |
| − Vacancy | −$5.9k | −$1.76 |
| EGI | $95.9k | $28.60 |
| − OpEx | −$43.2k | −$12.87 |
| NOI | $52.7k | $15.73 |
3,353 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$753.4K
$659.3K – $879.0K
NOI $52,741 @ 7.0% cap · market cap 3.79%
Second Best
Mixed Use
$569.1K
$497.9K – $663.9K
NOI $39,834 @ 7.0% cap · market cap 2.87%
Theoretical Best
Multifamily LT 5
$817.4K
$715.2K – $953.7K
NOI $57,219 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Amelie's Bark Shop
(Bike/Boat/Book/etc) Store
Romeo Pizza
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in desirable Passyunk Square with commercial space.
Where is this mixed-use property located?
The property is located at 1600 E PASSYUNK Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: CMX 2.5 zoned mixed‑use property with commercial first floor and two residential 2 bed/1 bath units above; Commercial first floor features hardwood floors, large windows, a half bathroom, and on‑street parking; Expansive basement space available for added storage or other uses
