Corner Mixed-Use New
For Sale
$899,900
1715 S 18th Street, Philadelphia, PA 19145
Three new construction units on a corner lot: one commercial space and two residential units.
Property Size4,335 SF
Price / SF$207.59
Days on Market107
Property Features for 1715 S 18th Street
General Information
Standard status
Active
Size
4,335 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Cap Rate
7.2%
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
KW Empower
Listed By:
Ryan Stawasz · License #RS335536
(610) 520-0100
Source:
Deepcreeklake
Added: Jul 8
Changed: Oct 21
Last Checked: Oct 20 at 10:55PM
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 KW Empower
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Investment Insights
Based on property information with market context.
COMING SOON. This corner property will feature three new construction units: one commercial unit and two residential units. The offering includes a 10-year tax abatement and a 1-year builders warranty.
The property is located at 1715 S 18TH STREET in Philadelphia, PA 19145.
Per the provided gross potential income projection, the property is estimated at $81,600 per year.
The property is located at 1715 S 18TH STREET in Philadelphia, PA 19145.
Per the provided gross potential income projection, the property is estimated at $81,600 per year.
Key Highlights
- Year built 2026: three new construction units on a corner property
- 1 commercial unit and 2 residential units
- Gross potential income of $81,600 per year
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,187
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,363,740
$1.4M
Cap Rate 7%
$974,100
$974.1K
Cap Rate 9%
$757,633
$757.6K
Market Conditions
NOI Build-Up for 4,335 SF
Gross rent
$131.6K $30.36/SF
− Vacancy
−$7.6K −$1.76/SF
EGI
$124.0K $28.60/SF
− OpEx
−$55.8K −$12.87/SF
NOI
$68.2K $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 Rate 5%
$1,363,740
Cap Rate 7%
$974,100
Cap Rate 9%
$757,633
Alternative Uses
Best Use
Apartment 5plus
$974.1K
$852.3K – $1.14M
NOI $68,187 @ 7.0% cap · market cap 7.58%
Second Best
Mixed Use
$735.7K
$643.8K – $858.3K
NOI $51,500 @ 7.0% cap · market cap 5.72%
Theoretical Best
Multifamily LT 5
$1.06M
$924.7K – $1.23M
NOI $73,976 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three new construction units on a corner lot: one commercial space and two residential units.
Where is this mixed-use property located?
The property is located at 1715 S 18th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Year built 2026: three new construction units on a corner property; 1 commercial unit and 2 residential units; Gross potential income of $81,600 per year
