C-2 Mixed-Use Property with
For Sale
$499,000
1825 S 19TH STREET, Philadelphia, PA 19145
Three-level building combines a grocery store with renovated two-bedroom residential units and separate electrical metering.
Property Size2,350 SF
Days on Market456
Property Features for 1825 S 19TH STREET
General Information
Standard status
Active
Size
2,350 SF
Property subtype
MixedUse
Zoning
c2
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,300
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,397
Amenities
central air
laundry
wood flooring
storage
Building Details
Building Size
2,350 SF
Year Built
1920
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
GE21 Realty
(267) 210-8523
Listed By:
Xia Zhao · License #AB067107
(267) 210-8523
Source:
Patmckennarealtors
Added: May 28, 2025
Changed: Aug 24
Last Checked: Aug 26 at 1:55PM
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 GE21 Realty
Investment Insights
Based on property information with market context.
This three-level mixed-use building includes a grocery store on the first floor and two two-bedroom apartments above. The residential units have been renovated with central air, laundry facilities, and wood flooring. A full basement provides additional building space, while a rear garage has been converted to storage. Separate electrical meters serve the property, and the apartments use electric service.
The retail component is subject to a one-year NNN lease with four years of options. The two apartments are leased through May and June 2027, respectively. Located at 1825 S 19th St in Philadelphia, the property carries C-2 zoning and was built in 1920.
The retail component is subject to a one-year NNN lease with four years of options. The two apartments are leased through May and June 2027, respectively. Located at 1825 S 19th St in Philadelphia, the property carries C-2 zoning and was built in 1920.
Key Highlights
- C‑2‑zoned mixed‑use building with first‑floor grocery store and two upper‑level apartments
- Two 2‑bedroom apartments with central air, laundry, and wood flooring
- Retail lease includes a one‑year NNN term with four years of options
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
$36,964
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
7.41%
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%
$739,280
$739.3K
Cap Rate 7%
$528,057
$528.1K
Cap Rate 9%
$410,711
$410.7K
Market Conditions
NOI Build-Up for 2,350 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
$71.3K $30.36/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$67.2K $28.60/SF
− OpEx
−$30.2K −$12.87/SF
NOI
$37.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$739,280
Cap Rate 7%
$528,057
Cap Rate 9%
$410,711
Alternative Uses
Best Use
Apartment 5plus
$528.1K
$462.1K – $616.1K
NOI $36,964 @ 7.0% cap · market cap 7.41%
Second Best
Specialty Retail
$486.5K
$425.7K – $567.5K
NOI $34,052 @ 7.0% cap · market cap 6.82%
Theoretical Best
Multifamily LT 5
$572.9K
$501.3K – $668.4K
NOI $40,103 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
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 building combines a grocery store with renovated two-bedroom residential units and separate electrical metering.
Where is this mixed-use property located?
The property is located at 1825 S 19TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: C‑2‑zoned mixed‑use building with first‑floor grocery store and two upper‑level apartments; Two 2‑bedroom apartments with central air, laundry, and wood flooring; Retail lease includes a one‑year NNN term with four years of options
