Garage with Studio
For Sale
$599,900
2005 E Sergeant St, Philadelphia, PA 19125
Two-level garage property with office space, residential-style amenities, and an approved storage variance.
Property Size2,001 SF
Price / SF$299.80
Days on Market99
Property Features for 2005 E Sergeant St
General Information
Standard status
Active
Size
2,001 SF
Total Parking Spaces
12
Zoning
RSA-5
Additional Details
Floor
Main Level
Building Details
Year Built
1900
Listing Agency:
Opus Elite Real Estate of NJ, LLC
Listed By:
Natalia Vanesa Onendia
(215) 464-8800
Source:
Riverfoxrealty
Added: Jul 13
Changed: Oct 7
Last Checked: Oct 16 at 9:46AM
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 Opus Elite Real Estate of NJ, LLC
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Investment Insights
Based on property information with market context.
This 2,001-square-foot garage property, built in 1900, provides vehicle storage capacity for up to 12 vehicles. The main level includes an office and greeting area, while the second floor contains a private studio apartment with a full bath and balcony access.
The property is located at 2005 E Sergeant St in Philadelphia’s Fishtown and East Kensington areas. It carries RSA-5 zoning and has City of Philadelphia approval for a 3-year storage variance. Buyers are responsible for confirming intended uses, zoning requirements, and any additional variance needs with the City of Philadelphia.
The property is located at 2005 E Sergeant St in Philadelphia’s Fishtown and East Kensington areas. It carries RSA-5 zoning and has City of Philadelphia approval for a 3-year storage variance. Buyers are responsible for confirming intended uses, zoning requirements, and any additional variance needs with the City of Philadelphia.
Key Highlights
- Garage accommodates up to 12 vehicles
- 2,001‑square‑foot property built in 1900
- Main level includes office and greeting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,772
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,440
$475.4K
Cap Rate 7%
$339,600
$339.6K
Cap Rate 9%
$264,133
$264.1K
Market Conditions
NOI Build-Up for 2,001 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$5.2K −$2.59/SF
EGI
$38.0K $19.01/SF
− OpEx
−$14.3K −$7.13/SF
NOI
$23.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,440
Cap Rate 7%
$339,600
Cap Rate 9%
$264,133
Alternative Uses
Best Use
Mixed Use
$339.6K
$297.2K – $396.2K
NOI $23,772 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.8K
$426.8K – $569.1K
NOI $34,147 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,488
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Two-level garage property with office space, residential-style amenities, and an approved storage variance.
Where is this parking lot & garage located?
The property is located at 2005 E Sergeant St Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Garage accommodates up to 12 vehicles; 2,001‑square‑foot property built in 1900; Main level includes office and greeting area
