Two-Building Mixed-Use Income
For Sale
$788,000
2223 2223-5 S 7th, Philadelphia, PA 19148
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 Market93
Property Features for 2223 2223-5 S 7th
General Information
Standard status
Active
Size
4,800 SF
Site & Location
Neighborhood
Kensington
Additional Details
Multifamily Units
4
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Kandorre
Added: Jul 24
Changed: Oct 7
Last Checked: Oct 7 at 4:16PM
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 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
Estimated NOI and Cap Rate
NOI / Yr
$69,552
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,040
$1.4M
Cap Rate 7%
$993,600
$993.6K
Cap Rate 9%
$772,800
$772.8K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$100.8K $21.00/SF
− Vacancy
−$8.1K −$1.68/SF
EGI
$92.7K $19.32/SF
− OpEx
−$23.2K −$4.83/SF
NOI
$69.6K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,040
Cap Rate 7%
$993,600
Cap Rate 9%
$772,800
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.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
