Mixed-Use Property with Retail
1901 North Howard Street Philadelphia, PA 19122
1901 North Howard Street, Philadelphia, PA, 19122
$750,000
For Sale
$750,000
Three first-floor retail suites and two residential units create multiple income streams at a CMX-2 mixed-use site.
Property Size2,200 SF
Price / SF$340.91
Days on Market114
Property Features for 1901 North Howard Street
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing agency
Keller Williams Real Estate-Langhorne
(267) 979-6038
Listed by
Monica A Flores · License #AB068347
(267) 979-6038
Source
Compass
Added: Mar 31 Updated: Jul 21 at 2:46AM Checked: Jul 22 at 9:36AM
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 Keller Williams Real Estate-Langhorne
Investment Insights
Based on property information with market context.
This mixed-use property at 1901 North Howard Street features three commercial suites on the first floor and two residential units on the upper levels. One suite is currently owner-occupied as a hair salon, and a second suite is leased as a barber shop. The third commercial suite is vacant, allowing for immediate lease-up. The residential component includes a 1-bedroom apartment and a 2-bedroom apartment, each currently generating rental income.
The property is described as being positioned at the crossroads of Fishtown and Northern Liberties. It is offered under CMX-2 zoning and is presented as benefiting from nearby development and strong rental demand, with convenient access to major highways and public transportation.
Overall, the configuration provides in-place revenue across multiple units with a vacant retail suite on the first floor that can be marketed for new tenancy.
The property is described as being positioned at the crossroads of Fishtown and Northern Liberties. It is offered under CMX-2 zoning and is presented as benefiting from nearby development and strong rental demand, with convenient access to major highways and public transportation.
Overall, the configuration provides in-place revenue across multiple units with a vacant retail suite on the first floor that can be marketed for new tenancy.
Key Highlights
- CMX‑2 mixed‑use property with three first‑floor commercial suites plus two upper residential units
- Commercial suites: owner‑occupied hair salon estimated at $1,500/month, barber shop leased at $950/month, and one vacant suite
- Vacant suite has projected rent between $900–$1,200/month
Local Financial Insights For Multifamily LT 5
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 | $56.8k | $25.80 |
| − Vacancy | −$3.1k | −$1.42 |
| EGI | $53.6k | $24.38 |
| − OpEx | −$16.1k | −$7.31 |
| NOI | $37.5k | $17.06 |
2,200 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$536.3K
$469.3K – $625.7K
NOI $37,543 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$494.4K
$432.6K – $576.8K
NOI $34,605 @ 7.0% cap · market cap 4.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three first-floor retail suites and two residential units create multiple income streams at a CMX-2 mixed-use site.
Where is this mixed-use property located?
The property is located at 1901 North Howard Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: CMX‑2 mixed‑use property with three first‑floor commercial suites plus two upper residential units; Commercial suites: owner‑occupied hair salon estimated at $1,500/month, barber shop leased at $950/month, and one vacant suite; Vacant suite has projected rent between $900–$1,200/month
