Corner Mixed-Use
For Sale
$325,000
1801 West Albanus Street, Philadelphia, PA 19141
Three-level layout combines a ground-floor storefront with two upper-floor apartments.
Property Size2,595 SF
Price / SF$125.24
Days on Market233
Property Features for 1801 West Albanus Street
General Information
Standard status
Active
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
Building Details
Year Built
1925
Buildings
1
Stories
3
Listing Agency:
Opus Elite Real Estate
Listed By:
Michael Solomon · License #RS273649
(215) 421-2121
Source:
Compass
Added: Feb 28
Changed: Oct 16
Last Checked: Oct 19 at 8:07AM
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
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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 / Yr
$29,329
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
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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 - 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
