Mixed-Use Multifamily
2126 SOUTH STREET Philadelphia, PA 19146
For Sale
$675,000
Pending
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,751 SF
Days on Market91
Property Features for 2126 SOUTH STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Pending
- Size
- 2,751 SF
Building Details
- Year built
- 1915
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Thomas Reichner
(267) 972-3056
Added: Apr 25
Changed: Jul 23
Last Checked: Jul 24 at 5:06PM
MLS# PAPH2612762
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-kept mixed-use building offers three separate residential units over multiple levels, plus a storefront area used as a studio apartment on the first floor front. The first floor rear provides a bilevel layout with a 1-bedroom apartment that includes a rear garden, deck, and patio. The second floor front and the third floor feature a combined 2-bedroom plus den, 2-bath apartment configuration.
An unfinished basement includes common washer and dryer facilities. One unit is owner-occupied, one unit is leased through November, and one unit is month-to-month. The building is presented with CMX2 zoning.
With its mix of storefront and apartment layouts, the property can support tenants looking for both street-facing space and multi-bedroom residential living within the same structure.
An unfinished basement includes common washer and dryer facilities. One unit is owner-occupied, one unit is leased through November, and one unit is month-to-month. The building is presented with CMX2 zoning.
With its mix of storefront and apartment layouts, the property can support tenants looking for both street-facing space and multi-bedroom residential living within the same structure.
Key Highlights
- Mixed‑use building built in 1915 with CMX2 zoning
- 3,751 total sq ft: first‑floor storefront studio apartment, plus a rear bilevel 1‑bedroom apartment with garden, deck, and patio
- Second floor front and third floor each feature a 2‑bedroom + den, 2‑bath apartment
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 | $71.0k | $25.80 |
| − Vacancy | −$3.9k | −$1.42 |
| EGI | $67.1k | $24.38 |
| − OpEx | −$20.1k | −$7.31 |
| NOI | $46.9k | $17.06 |
2,751 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$670.7K
$586.8K – $782.4K
NOI $46,946 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$618.2K
$540.9K – $721.2K
NOI $43,272 @ 7.0% cap · market cap 6.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-kept mixed-use building with three units, including studio and 1- and 2-bedroom apartments.
Where is this triplex located?
The property is located at 2126 SOUTH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Mixed‑use building built in 1915 with CMX2 zoning; 3,751 total sq ft: first‑floor storefront studio apartment, plus a rear bilevel 1‑bedroom apartment with garden, deck, and patio; Second floor front and third floor each feature a 2‑bedroom + den, 2‑bath apartment
