Four-Unit Mixed-Use
New
For Sale
$699,900
1801 W ONTARIO STREET, Philadelphia, PA 19140
Three apartments and a grocery storefront combine residential and commercial occupancy in one property.
Property Size4,640 SF
Days on Market3
Property Features for 1801 W ONTARIO STREET
General Information
Standard status
Active
Size
4,640 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
North Philadelphia
Mixed-Use Components
residential, retail
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,051
Amenities
in-unit laundry
Building Details
Building Size
4,640 SF
Year Built
1939
Tenancy
Multi
Listing Agency:
Liberty Bell Real Estate Brokerage LLC
Listed By:
Daniel J. Maneely · License #RB067126
(215) 885-3332
Source:
Mainlinekw
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:10AM
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 Liberty Bell Real Estate Brokerage LLC
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Investment Insights
Based on property information with market context.
This four-unit mixed-use property contains three apartments and a rear storefront occupied by a neighborhood grocery store. The residential mix includes two two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Each apartment has in-unit laundry. Kitchens across the apartments have stainless steel appliances, and two units feature ceramic tile bathrooms. One apartment is vacant and renovated, with central air conditioning and heat, while the other two are rented. The building was constructed in 1939 and has received updates to its siding, roof, electrical, and plumbing systems.
The grocery tenant has operated at the property for more than 15 years. The storefront and apartments provide a mix of commercial and residential tenancies.
The grocery tenant has operated at the property for more than 15 years. The storefront and apartments provide a mix of commercial and residential tenancies.
Key Highlights
- Four units: three apartments and one grocery storefront
- Apartment mix: two 2‑bedroom, 1‑bathroom units and one 1‑bedroom, 1‑bathroom unit
- In‑unit laundry in all three apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,123
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,460
$1.1M
Cap Rate 7%
$787,471
$787.5K
Cap Rate 9%
$612,478
$612.5K
Market Conditions
NOI Build-Up for 4,640 SF
Gross rent
$100.2K $21.60/SF
− Vacancy
−$12.0K −$2.59/SF
EGI
$88.2K $19.01/SF
− OpEx
−$33.1K −$7.13/SF
NOI
$55.1K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,460
Cap Rate 7%
$787,471
Cap Rate 9%
$612,478
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$912.3K – $1.22M
NOI $72,985 @ 7.0% cap · market cap 10.43%
Second Best
Specialty Retail
$960.5K
$840.4K – $1.12M
NOI $67,234 @ 7.0% cap · market cap 9.61%
Theoretical Best
Multifamily LT 5
$1.13M
$989.8K – $1.32M
NOI $79,181 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,331
Businesses Nearby
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Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three apartments and a grocery storefront combine residential and commercial occupancy in one property.
Where is this mixed-use property located?
The property is located at 1801 W ONTARIO STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Four units: three apartments and one grocery storefront; Apartment mix: two 2‑bedroom, 1‑bathroom units and one 1‑bedroom, 1‑bathroom unit; In‑unit laundry in all three apartments
