Mixed-Use Triplex with Retail
1808 W SUSQUEHANNA Avenue Philadelphia, PA 19121
For Sale
$335,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,466 SF
Lot Size0.03 Acres
Price / SF$135.85
Days on Market227
Property Features for 1808 W SUSQUEHANNA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,466 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2753
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Guillermo Salas III · License #AB067011
(484) 429-6025
Added: Dec 8, 2025
Changed: Jul 2
Last Checked: Jul 23 at 12:06PM
MLS# PAPH2564854
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use triplex offers a bi-level commercial space on the first floor, presented as an open, flexible “white box” shell ready for buildout, along with two full-floor residential units above. The residential configuration spans the 2nd and 3rd floors, with each unit set up as 2 bedrooms and 2 bathrooms.
Per the listing, the property is currently vacant, providing an opportunity to complete needed improvements and reposition the commercial space without tenant disruption. The building is located at 1808 W Susquehanna Avenue in Philadelphia, PA 19121, and is described as being just steps from Temple University’s Main Campus.
The offering is presented as an REO sale and includes projections of approximately $52,800 in gross rents per year, with a pro-forma 9.5% cap rate. After expenses, the listing projects NOI of $42,553.
Per the listing, the property is currently vacant, providing an opportunity to complete needed improvements and reposition the commercial space without tenant disruption. The building is located at 1808 W Susquehanna Avenue in Philadelphia, PA 19121, and is described as being just steps from Temple University’s Main Campus.
The offering is presented as an REO sale and includes projections of approximately $52,800 in gross rents per year, with a pro-forma 9.5% cap rate. After expenses, the listing projects NOI of $42,553.
Key Highlights
- Mixed‑use triplex with a bi‑level commercial space on the first floor plus two full‑floor residential units on the 2nd and 3rd floors
- Each residential unit is configured as 2 bedrooms / 2 bathrooms
- Projected gross rents of approximately $52,800/year and a pro‑forma 9.5% cap rate
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.4k | $18.00 |
| − Vacancy | −$4.6k | −$1.85 |
| EGI | $39.8k | $16.15 |
| − OpEx | −$11.9k | −$4.84 |
| NOI | $27.9k | $11.30 |
2,466 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$601.2K
$526.0K – $701.4K
NOI $42,082 @ 7.0% cap · market cap 12.56%
Second Best
Apartment 5plus
$554.1K
$484.9K – $646.5K
NOI $38,789 @ 7.0% cap · market cap 11.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with bi-level retail shell on first floor and two full-floor 2BR/2BA residential units above.
Where is this triplex located?
The property is located at 1808 W SUSQUEHANNA Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Mixed‑use triplex with a bi‑level commercial space on the first floor plus two full‑floor residential units on the 2nd and 3rd floors; Each residential unit is configured as 2 bedrooms / 2 bathrooms; Projected gross rents of approximately $52,800/year and a pro‑forma 9.5% cap rate
