Two-Story Mixed-Use
2033 MCKEAN STREET, Philadelphia, PA 19145
For Sale
New
$320,000
Street-level commercial space sits below a tenant-occupied three-bedroom residence with one full bath.
Property Size1,920 SF
Price / SF$166.67
Days on Market5
Property Features for 2033 MCKEAN STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Corner Location
Mixed-Use Components
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Stories
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Lay Gauv · License #RS340985
(267) 259-6034
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 2:49PM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This two-story mixed-use property combines a ground-floor commercial space with an upper-level residential unit. The commercial area includes a full bathroom with a stall shower. Above it, the tenant-occupied apartment has three bedrooms and one full bathroom. The building contains 1,920 square feet and dates to 1920.
The property is at the corner of McKean Street in South Philadelphia, near East Passyunk Avenue, Center City, and the South Philadelphia Sports Complex. Restaurants, shops, public transportation, and major roadways are also nearby.
The property is at the corner of McKean Street in South Philadelphia, near East Passyunk Avenue, Center City, and the South Philadelphia Sports Complex. Restaurants, shops, public transportation, and major roadways are also nearby.
Key Highlights
- Two‑story mixed‑use building with ground‑floor commercial space and an upper‑level residence
- Tenant‑occupied apartment includes 3 bedrooms and 1 full bathroom
- Commercial space has a full bathroom with a stall shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,810
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,200
$456.2K
Cap Rate 7%
$325,857
$325.9K
Cap Rate 9%
$253,444
$253.4K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$41.5K $21.60/SF
− Vacancy
−$5.0K −$2.59/SF
EGI
$36.5K $19.01/SF
− OpEx
−$13.7K −$7.13/SF
NOI
$22.8K $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%
$456,200
Cap Rate 7%
$325,857
Cap Rate 9%
$253,444
Alternative Uses
Best Use
Mixed Use
$325.9K
$285.1K – $380.2K
NOI $22,810 @ 7.0% cap · market cap 7.13%
Second Best
Retail
$310.0K
$271.3K – $361.7K
NOI $21,700 @ 7.0% cap · market cap 6.78%
Theoretical Best
Multifamily LT 5
$468.1K
$409.6K – $546.1K
NOI $32,765 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,208
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Apparel 45%
Dining 5%
Home Improvements & Furnishings 1%
Ross Dress for Less
Apparel
27,736 visits/mo
0.5 miles
7-Eleven
Shops & Services
9,595 visits/mo
0.4 miles
Conoco
Shops & Services
9,338 visits/mo
0.3 miles
Dollar General
Shops & Services
4,623 visits/mo
0.3 miles
Sunoco
Shops & Services
4,488 visits/mo
0.3 miles
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space sits below a tenant-occupied three-bedroom residence with one full bath.
Where is this mixed-use property located?
The property is located at 2033 MCKEAN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with ground‑floor commercial space and an upper‑level residence; Tenant‑occupied apartment includes 3 bedrooms and 1 full bathroom; Commercial space has a full bathroom with a stall shower
