Mixed-Use Retail and Apartment
2016 Sansom Street Philadelphia, PA 19103
For Sale
$875,000
Conjoined storefront and bi-level apartments with courtyard and roof deck, all under 12-month leases.
Property Size1,514 SF
Price / SF$577.94
Days on Market150
Property Features for 2016 Sansom Street
General Information
- Standard status
- Active
- Size
- 1,514 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing Agency:
Compass
(610) 329-3967
Listed By:
Sochi Lynne · License #RS347634
(610) 329-3967
Source:
Compass
Added: Feb 24
Changed: Jul 23
Last Checked: Jul 23 at 3:11PM
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 Compass
Investment Insights
Based on property information with market context.
This offering consists of three conjoined, three-story buildings across two parcels, configured as storefronts with residential space above. The first parcel includes 2014 Sansom Street, featuring a three-story storefront with an architect’s office use since the 1970s, plus a 1,500 sq ft bi-level two-bedroom, one-bath apartment with a private deck. It also includes 2013 Moravian Street, a three-story rowhome with two bedrooms and one full bath, along with a roof deck and a courtyard shared with 2014 Sansom.
The second parcel includes 2016 Sansom Street, which mirrors the storefront-and-residence configuration with a ground-floor commercial space and a 1,500 sq ft bi-level two-bedroom, one-bath apartment above. The storefronts between 2014 and 2016 Sansom have been opened, and apartment access has been reconfigured to create a seamless flow between the buildings; the parcels must be purchased together.
All three rental units are currently rented with 12-month leases. The property is zoned CMX-4, supporting a range of adaptive reuse options, including commercial and multi-family development.
The second parcel includes 2016 Sansom Street, which mirrors the storefront-and-residence configuration with a ground-floor commercial space and a 1,500 sq ft bi-level two-bedroom, one-bath apartment above. The storefronts between 2014 and 2016 Sansom have been opened, and apartment access has been reconfigured to create a seamless flow between the buildings; the parcels must be purchased together.
All three rental units are currently rented with 12-month leases. The property is zoned CMX-4, supporting a range of adaptive reuse options, including commercial and multi-family development.
Key Highlights
- Three conjoined buildings across two parcels in Rittenhouse Square: 2014 & 2013 Sansom, plus 2016 Sansom
- 2014 Sansom Street: 3‑story storefront with architect’s office (since the 1970s) and a 1,500 SF 2BR/1BA bi‑level apartment with private deck
- 2013 Moravian Street: 3‑story 1,400 SF rowhome with 2BR/1BA, roof deck, and courtyard shared with 2014 Sansom
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 | $39.1k | $25.80 |
| − Vacancy | −$2.2k | −$1.42 |
| EGI | $36.9k | $24.38 |
| − OpEx | −$11.1k | −$7.31 |
| NOI | $25.8k | $17.06 |
1,514 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.1K
$323.0K – $430.6K
NOI $25,836 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$340.2K
$297.7K – $396.9K
NOI $23,814 @ 7.0% cap · market cap 2.72%
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
Samsom st gym
Hostel
FAQs
What type of property is this?
Triplex - Conjoined storefront and bi-level apartments with courtyard and roof deck, all under 12-month leases.
Where is this triplex located?
The property is located at 2016 Sansom Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three conjoined buildings across two parcels in Rittenhouse Square: 2014 & 2013 Sansom, plus 2016 Sansom; 2014 Sansom Street: 3‑story storefront with architect’s office (since the 1970s) and a 1,500 SF 2BR/1BA bi‑level apartment with private deck; 2013 Moravian Street: 3‑story 1,400 SF rowhome with 2BR/1BA, roof deck, and courtyard shared with 2014 Sansom
