Two-Building Mixed-Use Income
2223 2223-5 S 7th Philadelphia, PA 19148
New
For Sale
$788,000
Two mixed-use buildings each offer first-floor restaurant space alongside two residential apartments per building.
Property Size4,800 SF
Price / SF$164.17
Days on Market2
Property Features for 2223 2223-5 S 7th
General Information
- Standard status
- Active
- Size
- 4,800 SF
Building Details
- Year Built
- 1910
Listing Agency:
Liberty Real Estate
(267) 767-7612
Listed By:
Richard Q Li · License #RM421130
Source:
Kandorre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 3:34AM
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 Liberty Real Estate
Investment Insights
Based on property information with market context.
This offering consists of two mixed-use buildings, each configured with restaurant space on the first floor and two residential apartments. The current layout provides income from both the food service component and the residential units within the same building footprint.
The property is located at 2223 2223-5 S 7th in Philadelphia, Pennsylvania (19148). Prospective buyers can view the buildings in person to confirm unit and restaurant configurations and assess the tenant and operating setup on site.
The property is located at 2223 2223-5 S 7th in Philadelphia, Pennsylvania (19148). Prospective buyers can view the buildings in person to confirm unit and restaurant configurations and assess the tenant and operating setup on site.
Key Highlights
- Two mixed‑use buildings, each with first‑floor restaurant space plus two residential apartments
- Year built: 1910
- Each building has a total of 2 residential apartments
Financial Insights For Specialty Retail
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 | $100.8k | $21.00 |
| − Vacancy | −$8.1k | −$1.68 |
| EGI | $92.7k | $19.32 |
| − OpEx | −$23.2k | −$4.83 |
| NOI | $69.6k | $14.49 |
4,800 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.37M
NOI $81,911 @ 7.0% cap · market cap 10.39%
Second Best
Apartment 5plus
$1.08M
$943.8K – $1.26M
NOI $75,502 @ 7.0% cap · market cap 9.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tasty Tea
Restaurant
FAQs
What type of property is this?
Mixed-use property - Two mixed-use buildings each offer first-floor restaurant space alongside two residential apartments per building.
Where is this mixed-use property located?
The property is located at 2223 2223-5 S 7th Philadelphia, PA.
What is the asking price?
The asking price for this property is $788,000.
What are key features of this property?
This property features: Two mixed‑use buildings, each with first‑floor restaurant space plus two residential apartments; Year built: 1910; Each building has a total of 2 residential apartments
