Mixed-Use Property with Roof
For Sale
$555,000
1727 S 2ND STREET, 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 Market29
Property Features for 1727 S 2ND STREET
General Information
Standard status
Active
Size
2,506 SF
Property subtype
Duplex
Additional Details
Floor
1
Highway Access
Yes
Office Units
1
Amenities
basement storage
Building Details
Year Built
1915
Buildings
1
Stories
2
Owner Occupied
No
Listing Agency:
RE/MAX Access
(215) 519-5057
Listed By:
Chuong Van Tran · License #AB066680
(215) 519-5057
Source:
Cummingsrealtors
Added: Jul 16
Changed: Aug 12
Last Checked: Aug 12 at 6:25AM
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
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 = 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
$42,765
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
7.71%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 STREET 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
