Mixed-Use Property with
For Sale
$788,000
2223-5 S 7th, Philadelphia, PA 19148
Two buildings each offer two apartments above a first-floor restaurant.
Property Size4,800 SF
Price / SF$164.17
Days on Market83
Property Features for 2223-5 S 7th
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
4
Building Details
Year Built
1910
Listing Agency:
(267) 767-7612
Listed By:
Liberty Real Estate
(267) 767-7612
Source:
Xome
Added: May 10
Changed: Jul 10
Last Checked: Jul 30 at 5:45AM
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.
Offered for sale are two mixed-use properties, with each building configured to include two residential apartments above a shared first-floor restaurant. The setup creates a combined use where daily operations and living space are located within the same building structure, supporting a straightforward, owner-managed layout.
The properties are located at 2223-5 S 7th in Philadelphia, Pennsylvania (19148). According to the public remarks, the current tenancy is described as very stable, with steady rental income.
This offering can appeal to buyers looking for a compact, mixed-use portfolio centered on on-site restaurant operations paired with residential units. The two-apartment-per-building configuration can be useful for operators who prefer multifamily-style occupancy while retaining an active commercial component on the first floor. Prospective buyers should review current leases and the restaurant’s operating arrangements to confirm terms, responsibilities, and any business-specific requirements before proceeding.
The properties are located at 2223-5 S 7th in Philadelphia, Pennsylvania (19148). According to the public remarks, the current tenancy is described as very stable, with steady rental income.
This offering can appeal to buyers looking for a compact, mixed-use portfolio centered on on-site restaurant operations paired with residential units. The two-apartment-per-building configuration can be useful for operators who prefer multifamily-style occupancy while retaining an active commercial component on the first floor. Prospective buyers should review current leases and the restaurant’s operating arrangements to confirm terms, responsibilities, and any business-specific requirements before proceeding.
Key Highlights
- Two‑building multifamily and restaurant setup: each building has two residential apartments over a first‑floor restaurant
- Flat roof exterior
- On‑street parking
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two buildings each offer two apartments above a first-floor restaurant.
Where is this mixed-use property located?
The property is located at 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‑building multifamily and restaurant setup: each building has two residential apartments over a first‑floor restaurant; Flat roof exterior; On‑street parking
