Mixed-Use Property with Roof
For Sale
$555,000
1727 S 2ND ST, Philadelphia, PA 19148
First-floor commercial space with separate entrance and second-floor apartment featuring a fenced roof deck.
Property Size2,506 SF
Price / SF$221.47
Days on Market93
Property Features for 1727 S 2ND ST
General Information
Standard status
Active
Size
2,506 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Pennsport
Highway Access
Yes
Additional Details
Floor
1
Office Units
1
Amenities
basement storage
Building Details
Buildings
1
Stories
2
Owner Occupied
No
Listing Agency:
RE/MAX Access
(215) 400-2600
Listed By:
Chuong Van Tran · License #AB066680
(215) 519-5057
Source:
Careyrealtygroup
Added: Jul 30
Changed: Oct 29
Last Checked: Oct 28 at 8:23AM
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 RE/MAX Access
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Investment Insights
Based on property information with market context.
This 2,506-square-foot mixed-use property, built in 1915, combines an open first-floor commercial space with a second-floor apartment. The commercial area offers approximately 1,250 square feet, two powder rooms, a separate entrance, and access to a large basement for storage. The second floor includes a private entrance, foyer, living room, laundry closet with stackable washer and dryer, full bathroom, modern eat-in kitchen, and two bedrooms. Hardwood floors, modern windows, mini-split heating and cooling, stainless steel refrigerator, gas cooking range, and an externally vented range hood are among the existing features.
The kitchen opens to a fenced second-floor roof deck area. The property also includes a private rear trash and cement yard area. It is located in Pennsport near NJ, Columbus Blvd, I-95, and area shops and pubs.
The kitchen opens to a fenced second-floor roof deck area. The property also includes a private rear trash and cement yard area. It is located in Pennsport near NJ, Columbus Blvd, I-95, and area shops and pubs.
Key Highlights
- 2,506‑square‑foot mixed‑use property built in 1915
- Approximately 1,250 square feet of open first‑floor commercial space
- Two powder rooms, separate commercial entrance, and large basement storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,765
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,300
$855.3K
Cap Rate 7%
$610,929
$610.9K
Cap Rate 9%
$475,167
$475.2K
Market Conditions
NOI Build-Up for 2,506 SF
Gross rent
$64.7K $25.80/SF
− Vacancy
−$3.6K −$1.42/SF
EGI
$61.1K $24.38/SF
− OpEx
−$18.3K −$7.31/SF
NOI
$42.8K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,300
Cap Rate 7%
$610,929
Cap Rate 9%
$475,167
Alternative Uses
Best Use
Multifamily LT 5
$610.9K
$534.6K – $712.8K
NOI $42,765 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$563.1K
$492.7K – $657.0K
NOI $39,418 @ 7.0% cap · market cap 7.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor commercial space with separate entrance and second-floor apartment featuring a fenced roof deck.
Where is this mixed-use property located?
The property is located at 1727 S 2ND ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: 2,506‑square‑foot mixed‑use property built in 1915; Approximately 1,250 square feet of open first‑floor commercial space; Two powder rooms, separate commercial entrance, and large basement storage area
