Mixed-Use Property with
2118 S Broad Street, Philadelphia, PA 19145
For Sale
New
$580,000
The offering combines two commercial storefronts with four apartments, including residential units with central air and in-unit laundry.
Property Size3,267 SF
Price / SF$177.53
Days on Market6
Property Features for 2118 S Broad Street
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Public Transit
Utilities to Site
Mixed-Use Components
Units
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
in unit laundry
large basement
separate utilities/meters
Natural Gas
Yes
Public
Y50
16.00 x 80.00
0.03
No
Assessor
3267.00
111720.00
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Antonella Dominijanni · License PA RS309861
(215) 500-8000
Source:
Mullenrealty
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 9 at 5:45PM
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.
The combined offering at 2116 and 2118 S Broad Street includes two commercial storefronts and four residential apartments. Residential units have central air conditioning and in-unit laundry. A large basement provides additional storage, and separate utility meters serve the units. The property was built in 1920 and is zoned CMX2.
The buildings are near the Broad Street Line subway, with access to Center City, the Sports Complex, and the restaurants, shops, and nightlife of Passyunk Square.
The buildings are near the Broad Street Line subway, with access to Center City, the Sports Complex, and the restaurants, shops, and nightlife of Passyunk Square.
Key Highlights
- Two commercial storefronts and four residential apartments across the combined offering
- Apartments include central air conditioning and in‑unit laundry
- Large basement offers storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,388
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,027,760
$1.0M
Cap Rate 7%
$734,114
$734.1K
Cap Rate 9%
$570,978
$571.0K
Market Conditions
NOI Build-Up for 3,267 SF
Gross rent
$99.2K $30.36/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$93.4K $28.60/SF
− OpEx
−$42.0K −$12.87/SF
NOI
$51.4K $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 Rate 5%
$1,027,760
Cap Rate 7%
$734,114
Cap Rate 9%
$570,978
Alternative Uses
Best Use
Apartment 5plus
$734.1K
$642.4K – $856.5K
NOI $51,388 @ 7.0% cap · market cap 8.86%
Second Best
Mixed Use
$554.5K
$485.2K – $646.9K
NOI $38,812 @ 7.0% cap · market cap 6.69%
Theoretical Best
Multifamily LT 5
$796.4K
$696.9K – $929.2K
NOI $55,751 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road 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
$290,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering combines two commercial storefronts with four apartments, including residential units with central air and in-unit laundry.
Where is this mixed-use property located?
The property is located at 2118 S Broad Street 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: Two commercial storefronts and four residential apartments across the combined offering; Apartments include central air conditioning and in‑unit laundry; Large basement offers storage space
