Mixed-Use Building with
For Sale
$580,000
2116 S Broad St, Philadelphia, PA 19145
Mixed-use property with two commercial storefronts and four residential apartments, including central air and in-unit laundry.
Property Size2,834 SF
Price / SF$204.66
Days on Market81
Property Features for 2116 S Broad St
General Information
Standard status
Active
Size
2,834 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1920
Buildings
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Antonella Dominijanni · License #RS309861
(215) 500-8000
Source:
Lgagne
Added: Jul 29
Changed: Oct 15
Last Checked: Oct 7 at 2:40PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
2116 and 2118 S Broad St are being sold together as a mixed-use investment, with separate tax IDs. The property includes two commercial storefronts and four residential apartments, creating multiple rental streams. Residential units are equipped with central air conditioning and in-unit laundry.
The building also features a large basement that can provide storage for owners or commercial tenants. Separate utilities/meters are listed for each unit, which can help simplify property management and expense allocation.
Convenient transit access is a notable feature, with the Broad Street Line subway located just steps from the property. The location is also described as providing quick access to major highways and Center City, along with nearby dining, shops, and nightlife in Passyunk Square.
The building also features a large basement that can provide storage for owners or commercial tenants. Separate utilities/meters are listed for each unit, which can help simplify property management and expense allocation.
Convenient transit access is a notable feature, with the Broad Street Line subway located just steps from the property. The location is also described as providing quick access to major highways and Center City, along with nearby dining, shops, and nightlife in Passyunk Square.
Key Highlights
- Sold together: 2116 and 2118 S Broad St, separate tax IDs
- Two commercial storefronts on‑site
- Four residential apartments with central air and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,362
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,240
$967.2K
Cap Rate 7%
$690,886
$690.9K
Cap Rate 9%
$537,356
$537.4K
Market Conditions
NOI Build-Up for 2,834 SF
Gross rent
$73.1K $25.80/SF
− Vacancy
−$4.0K −$1.42/SF
EGI
$69.1K $24.38/SF
− OpEx
−$20.7K −$7.31/SF
NOI
$48.4K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$967,240
Cap Rate 7%
$690,886
Cap Rate 9%
$537,356
Alternative Uses
Best Use
Multifamily LT 5
$690.9K
$604.5K – $806.0K
NOI $48,362 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$636.8K
$557.2K – $743.0K
NOI $44,577 @ 7.0% cap · market cap 7.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,973
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with two commercial storefronts and four residential apartments, including central air and in-unit laundry.
Where is this mixed-use property located?
The property is located at 2116 S Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Sold together: 2116 and 2118 S Broad St, separate tax IDs; Two commercial storefronts on‑site; Four residential apartments with central air and in‑unit laundry
