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 Market61
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: Sep 5
Last Checked: Sep 6 at 9:06AM
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
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 = 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
$68,187
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
7.58%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Questions? Ask Rey
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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
