Mixed-Use Property with
For Sale
$379,900
1913 S 10TH STREET, Philadelphia, PA 19148
Two-level building combines ground-floor commercial space with an upstairs apartment.
Property Size1,408 SF
Days on Market76
Property Features for 1913 S 10TH STREET
General Information
Standard status
Active
Size
1,408 SF
Property subtype
MixedUse
Occupancy
100%
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,750
Building Details
Building Size
1,408 SF
Year Built
1915
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
A Plus Realtors LLC
(917) 622-8968
Listed By:
Michelle Jiang · License #RS341120
(917) 622-8968
Source:
Patmckennarealtors
Added: May 30
Changed: Aug 8
Last Checked: Aug 12 at 2:54PM
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 A Plus Realtors LLC
Investment Insights
Based on property information with market context.
Built in 1915, this mixed-use property contains a commercial storefront on the first floor and a residential apartment above. The configuration places business space and residential use within the same building, creating a straightforward combination of commercial and apartment occupancy.
The property is located at 1913 S 10th Street in Philadelphia’s South Philadelphia area. Both portions are occupied, including an established long-term residential tenant, providing ongoing rental income to the owner. The storefront has been identified for restaurant, grocery, deli, cafe, and retail operations, subject to applicable requirements and approvals.
The property is located at 1913 S 10th Street in Philadelphia’s South Philadelphia area. Both portions are occupied, including an established long-term residential tenant, providing ongoing rental income to the owner. The storefront has been identified for restaurant, grocery, deli, cafe, and retail operations, subject to applicable requirements and approvals.
Key Highlights
- First‑floor commercial storefront with second‑floor residential apartment
- Fully occupied mixed‑use property
- Established long‑term tenant in the residential apartment
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
$22,147
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
5.83%
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%
$442,940
$442.9K
Cap Rate 7%
$316,386
$316.4K
Cap Rate 9%
$246,078
$246.1K
Market Conditions
NOI Build-Up for 1,408 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
$42.7K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.3K $28.60/SF
− OpEx
−$18.1K −$12.87/SF
NOI
$22.1K $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%
$442,940
Cap Rate 7%
$316,386
Cap Rate 9%
$246,078
Alternative Uses
Best Use
Apartment 5plus
$316.4K
$276.8K – $369.1K
NOI $22,147 @ 7.0% cap · market cap 5.83%
Second Best
Specialty Retail
$291.5K
$255.0K – $340.0K
NOI $20,402 @ 7.0% cap · market cap 5.37%
Theoretical Best
Multifamily LT 5
$343.2K
$300.3K – $400.5K
NOI $24,027 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,981
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Groceries 28%
Dining 13%
Electronics 2%
ACME Markets
Groceries
32,911 visits/mo
0.4 miles
Citizens Bank
Shops & Services
16,632 visits/mo
0.3 miles
TD Bank
Shops & Services
14,055 visits/mo
0.4 miles
Lukoil
Shops & Services
12,912 visits/mo
0.2 miles
Wells Fargo
Shops & Services
8,249 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level building combines ground-floor commercial space with an upstairs apartment.
Where is this mixed-use property located?
The property is located at 1913 S 10TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: First‑floor commercial storefront with second‑floor residential apartment; Fully occupied mixed‑use property; Established long‑term tenant in the residential apartment
