Mixed-Use Building with Retail
For Sale
$740,000
1901 N HOWARD Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size2,200 SF
Lot Size0.03 Acres
Price / SF$336.36
Days on Market162
Property Features for 1901 N HOWARD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,200 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2270
Utilities
Heating system
Baseboard, Electric (Heating), Heat Pump (Heating)
Cooling system
Ductless, Window Unit(s)
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Real Estate-Langhorne · Keller Williams Realty
(215) 757-6100
Listed By:
Monica A Flores · License #AB068347
(267) 979-6038
Added: Apr 1
Changed: Sep 2
Last Checked: Sep 9 at 6:06PM
MLS# PAPH2601032
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.
Built in 1915, this 2,200-square-foot masonry mixed-use property contains three commercial suites on the first floor and two residential units above. The apartment mix includes one one-bedroom unit and one two-bedroom unit. Existing heating includes baseboard, electric, and heat-pump systems, while cooling is provided by ductless and window units.
The property is located at 1901 N Howard Street in Philadelphia, near Fishtown and Northern Liberties. It offers street-level commercial exposure, on-street parking, and access to public transportation, major highways, dining, retail, and entertainment destinations. CMX-2 zoning supports the property’s mixed commercial and residential configuration.
The property is located at 1901 N Howard Street in Philadelphia, near Fishtown and Northern Liberties. It offers street-level commercial exposure, on-street parking, and access to public transportation, major highways, dining, retail, and entertainment destinations. CMX-2 zoning supports the property’s mixed commercial and residential configuration.
Key Highlights
- 2,200 square feet of mixed‑use space on a 0.0274‑acre lot
- Three first‑floor commercial suites
- Two apartments: one 1‑bedroom and one 2‑bedroom unit
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
$34,605
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
4.68%
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%
$692,100
$692.1K
Cap Rate 7%
$494,357
$494.4K
Cap Rate 9%
$384,500
$384.5K
Market Conditions
NOI Build-Up for 2,200 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
$66.8K $30.36/SF
− Vacancy
−$3.9K −$1.76/SF
EGI
$62.9K $28.60/SF
− OpEx
−$28.3K −$12.87/SF
NOI
$34.6K $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%
$692,100
Cap Rate 7%
$494,357
Cap Rate 9%
$384,500
Alternative Uses
Best Use
Apartment 5plus
$494.4K
$432.6K – $576.8K
NOI $34,605 @ 7.0% cap · market cap 4.68%
Second Best
Mixed Use
$373.4K
$326.7K – $435.6K
NOI $26,136 @ 7.0% cap · market cap 3.53%
Theoretical Best
Multifamily LT 5
$536.3K
$469.3K – $625.7K
NOI $37,543 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-2 property combines street-level commercial space with two residential apartments in Philadelphia’s Fishtown and Northern Liberties area.
Where is this mixed-use property located?
The property is located at 1901 N HOWARD Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 2,200 square feet of mixed‑use space on a 0.0274‑acre lot; Three first‑floor commercial suites; Two apartments: one 1‑bedroom and one 2‑bedroom unit
