Corner Mixed-Use
For Sale
$325,000
Pending
1801 West Albanus Street, Philadelphia, PA 19141
Three-level layout combines a ground-floor storefront with two upper-floor apartments.
Property Size2,595 SF
Days on Market185
Property Features for 1801 West Albanus Street
General Information
Standard status
Pending
Size
2,595 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$2,441
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1925
Buildings
1
Stories
3
Listing Agency:
Opus Elite Real Estate
(215) 421-2121
Listed By:
Michael Solomon · License #RS273649
(215) 421-2121
Source:
Compass
Added: Feb 27
Changed: Aug 30
Last Checked: Aug 31 at 1:21AM
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 Opus Elite Real Estate
Investment Insights
Based on property information with market context.
This three-unit mixed-use property includes a storefront at ground level and one apartment on each of the two upper floors. The configuration places commercial space and residential units within a single corner building, offering a clear separation between the uses. The property was built in 1925 and is zoned CMX2.
Located at 1801 West Albanus Street in Philadelphia, the building is within ZIP code 19141 and the Philadelphia City School District. The asset includes above-grade and below-grade areas, with no pool identified among the exterior features.
Located at 1801 West Albanus Street in Philadelphia, the building is within ZIP code 19141 and the Philadelphia City School District. The asset includes above-grade and below-grade areas, with no pool identified among the exterior features.
Key Highlights
- Three‑unit mixed‑use building with a ground‑floor storefront
- Two apartments occupy the second and third levels
- Corner building at 1801 West Albanus Street, Philadelphia, PA 19141
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
$29,329
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
9.02%
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%
$586,580
$586.6K
Cap Rate 7%
$418,986
$419.0K
Cap Rate 9%
$325,878
$325.9K
Market Conditions
NOI Build-Up for 2,595 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
$46.7K $18.00/SF
− Vacancy
−$4.8K −$1.85/SF
EGI
$41.9K $16.15/SF
− OpEx
−$12.6K −$4.84/SF
NOI
$29.3K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /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%
$586,580
Cap Rate 7%
$418,986
Cap Rate 9%
$325,878
Alternative Uses
Best Use
Multifamily LT 5
$632.6K
$553.5K – $738.1K
NOI $44,283 @ 7.0% cap · market cap 13.63%
Second Best
Apartment 5plus
$583.1K
$510.2K – $680.3K
NOI $40,818 @ 7.0% cap · market cap 12.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level layout combines a ground-floor storefront with two upper-floor apartments.
Where is this mixed-use property located?
The property is located at 1801 West Albanus Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three‑unit mixed‑use building with a ground‑floor storefront; Two apartments occupy the second and third levels; Corner building at 1801 West Albanus Street, Philadelphia, PA 19141
