Modern Mixed-Use
For Sale
$800,000
2123 DICKINSON ST, Philadelphia, PA 19146
Three bi-level units combine residential apartments with a dedicated commercial space and private restroom.
Property Size3,009 SF
Price / SF$265.87
Days on Market59
Property Features for 2123 DICKINSON ST
General Information
Standard status
Active
Size
3,009 SF
Total Parking Spaces
1
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
roof decks
in-unit washer/dryer
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Harkeet S Chadha · License #AB069009
(484) 554-9188
Source:
Careyrealtygroup
Added: Aug 17
Changed: Oct 9
Last Checked: Oct 12 at 8:03PM
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
Investment Insights
Based on property information with market context.
Built in 2021, this 3,009-square-foot mixed-use property contains three bi-level units: two residential apartments and one commercial suite. The commercial component measures approximately 1,100 square feet and includes a private restroom plus one oversized parking space. Each apartment offers 3 bedrooms, 2 full bathrooms, a roof deck, full-size in-unit laundry, and a kitchen equipped with stainless steel appliances and substantial cabinet storage.
Separate utilities serve each unit, while adjustable blinds, combination deadbolt entry systems, extensive outlet placement, and energy-efficient systems add practical functionality. The property is located at 2123 Dickinson St in Philadelphia’s Point Breeze neighborhood, near Center City, restaurants, coffee shops, retail, and major transportation routes. The source information also notes ongoing occupancy, recurring lease renewals, and the majority of the tax abatement remaining.
Separate utilities serve each unit, while adjustable blinds, combination deadbolt entry systems, extensive outlet placement, and energy-efficient systems add practical functionality. The property is located at 2123 Dickinson St in Philadelphia’s Point Breeze neighborhood, near Center City, restaurants, coffee shops, retail, and major transportation routes. The source information also notes ongoing occupancy, recurring lease renewals, and the majority of the tax abatement remaining.
Key Highlights
- 3,009 SF mixed‑use property built in 2021
- Three bi‑level units: two apartments and one commercial space
- Approximately 1,100 SF commercial unit with private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,348
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,960
$1.0M
Cap Rate 7%
$733,543
$733.5K
Cap Rate 9%
$570,533
$570.5K
Market Conditions
NOI Build-Up for 3,009 SF
Gross rent
$77.6K $25.80/SF
− Vacancy
−$4.3K −$1.42/SF
EGI
$73.4K $24.38/SF
− OpEx
−$22.0K −$7.31/SF
NOI
$51.3K $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%
$1,026,960
Cap Rate 7%
$733,543
Cap Rate 9%
$570,533
Alternative Uses
Best Use
Multifamily LT 5
$733.5K
$641.9K – $855.8K
NOI $51,348 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$676.1K
$591.6K – $788.8K
NOI $47,330 @ 7.0% cap · market cap 5.92%
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
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,901
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three bi-level units combine residential apartments with a dedicated commercial space and private restroom.
Where is this mixed-use property located?
The property is located at 2123 DICKINSON ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,009 SF mixed‑use property built in 2021; Three bi‑level units: two apartments and one commercial space; Approximately 1,100 SF commercial unit with private restroom
