Mixed-Use Property with Medical
New
For Sale
$1,175,000
1841 S BROAD STREET, Philadelphia, PA 19148
Two occupied apartments accompany a medical practice layout with patient rooms and dedicated reception and administrative areas.
Property Size3,912 SF
Price / SF$300.36
Days on Market5
Property Features for 1841 S BROAD STREET
General Information
Standard status
Active
Size
3,912 SF
Property subtype
Commercial
Site & Location
Neighborhood
Newbold
Road Access
Yes
Public Transit
Yes
Additional Details
Tenant in Place
Yes
Property Use
Mixed Use
Building Details
Year Built
1920
Buildings
1
Building Size
3,912 SF
Tenancy
Multi
Listing Agency:
Brass Key Realty
(215) 472-8529
Listed By:
Yamit Haba
(215) 779-8196
Source:
Cummingsrealtors
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:41PM
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 Brass Key Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Philadelphia mixed-use building contains approximately 3,912 square feet, with a medical office and two residential apartments. The office layout includes multiple patient rooms, reception space, and administrative areas. Both apartments are occupied, providing an existing residential component alongside the commercial space.
The property is on South Broad Street, near Passyunk Avenue, public transportation, neighborhood businesses, restaurants, and residential areas. Built in 1920, the building combines medical office and apartment space under one roof.
The property is on South Broad Street, near Passyunk Avenue, public transportation, neighborhood businesses, restaurants, and residential areas. Built in 1920, the building combines medical office and apartment space under one roof.
Key Highlights
- Approximately 3,912 square feet of mixed‑use building space
- Medical office includes multiple patient rooms, reception, and administrative areas
- Two occupied residential apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,480
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,600
$1.0M
Cap Rate 7%
$735,429
$735.4K
Cap Rate 9%
$572,000
$572.0K
Market Conditions
NOI Build-Up for 3,912 SF
Gross rent
$85.9K $21.96/SF
− Vacancy
−$17.3K −$4.41/SF
EGI
$68.6K $17.55/SF
− OpEx
−$17.2K −$4.39/SF
NOI
$51.5K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,600
Cap Rate 7%
$735,429
Cap Rate 9%
$572,000
Alternative Uses
Best Use
Office B
$735.4K
$643.5K – $858.0K
NOI $51,480 @ 7.0% cap · market cap 4.38%
Second Best
Healthcare Medical
$724.3K
$633.8K – $845.0K
NOI $50,700 @ 7.0% cap · market cap 4.31%
Theoretical Best
Multifamily LT 5
$953.7K
$834.5K – $1.11M
NOI $66,758 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two occupied apartments accompany a medical practice layout with patient rooms and dedicated reception and administrative areas.
Where is this mixed-use property located?
The property is located at 1841 S BROAD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Approximately 3,912 square feet of mixed‑use building space; Medical office includes multiple patient rooms, reception, and administrative areas; Two occupied residential apartments
