Turnkey Mixed-Use Investment
2223 2223-5 S 7th, Philadelphia, PA 19148
For Sale
$788,000
Includes four adjacent buildings with four retail storefronts and six apartments in very good condition.
Property Size4,800 SF
Price / SF$164.17
Days on Market116
Property Features for 2223 2223-5 S 7th
General Information
Standard status
Size
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Tenancy
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License PA RM421130
(267) 767-7612
Source:
Southjerseyshorehomesfinder
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 7 at 1:51PM
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
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Investment Insights
Based on property information with market context.
This turnkey investment package consists of four mixed-use properties positioned right next to each other. The offering includes four retail storefronts and six apartments, and the buildings are described as being in very good condition.
The properties are located in South Philadelphia and can be purchased as a package or separated if you prefer to buy only the two 3-story buildings.
As presented, this is a consolidated mixed-use setup combining income-producing retail and residential units within a closely grouped ownership layout, with the seller indicating flexibility for a partial purchase.
The properties are located in South Philadelphia and can be purchased as a package or separated if you prefer to buy only the two 3-story buildings.
As presented, this is a consolidated mixed-use setup combining income-producing retail and residential units within a closely grouped ownership layout, with the seller indicating flexibility for a partial purchase.
Key Highlights
- Includes four adjacent buildings with four retail storefronts and six apartments
- Year built: 1945
- Buildings are described as in very good condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,024
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,480
$1.1M
Cap Rate 7%
$814,629
$814.6K
Cap Rate 9%
$633,600
$633.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$103.7K $21.60/SF
− Vacancy
−$12.4K −$2.59/SF
EGI
$91.2K $19.01/SF
− OpEx
−$34.2K −$7.13/SF
NOI
$57.0K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,480
Cap Rate 7%
$814,629
Cap Rate 9%
$633,600
Alternative Uses
Best Use
Mixed Use
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 7.24%
Second Best
Retail
$775.0K
$678.1K – $904.2K
NOI $54,251 @ 7.0% cap · market cap 6.88%
Theoretical Best
Multifamily LT 5
$1.17M
$1.02M – $1.37M
NOI $81,911 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,207
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
4,101 visits/mo
0.4 miles
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
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes four adjacent buildings with four retail storefronts and six apartments in very good condition.
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: Includes four adjacent buildings with four retail storefronts and six apartments; Year built: 1945; Buildings are described as in very good condition
