Mixed-Use Property with
For Sale
$480,000
2227 2227-9 S 7th St, Philadelphia, PA 19148
Includes a grocery store, community center, and two-bedroom apartments.
Property Size3,200 SF
Price / SF$150
Days on Market57
Property Features for 2227 2227-9 S 7th St
General Information
Standard status
Active
Size
3,200 SF
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,000
Building Details
Year Built
1960
Buildings
2
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Upgradebymichaud
Added: Aug 24
Changed: Oct 6
Last Checked: Oct 16 at 12:16PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering consists of two mixed-use properties at 2227-9 S 7th St in Philadelphia. The improvements include a grocery store and a community center, with a two-bedroom apartment on the second floor of each property. The apartments are described as being in very good condition.
The property size is 3,200 square feet, and the buildings were constructed in 1960. The combination of commercial components and residential units creates a multi-use configuration within the same offering.
The property size is 3,200 square feet, and the buildings were constructed in 1960. The combination of commercial components and residential units creates a multi-use configuration within the same offering.
Key Highlights
- Two mixed‑use properties included in the offering
- Grocery store and community center on site
- Two‑bedroom apartment on the second floor of each property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,016
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,320
$760.3K
Cap Rate 7%
$543,086
$543.1K
Cap Rate 9%
$422,400
$422.4K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.1K $21.60/SF
− Vacancy
−$8.3K −$2.59/SF
EGI
$60.8K $19.01/SF
− OpEx
−$22.8K −$7.13/SF
NOI
$38.0K $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%
$760,320
Cap Rate 7%
$543,086
Cap Rate 9%
$422,400
Alternative Uses
Best Use
Apartment 5plus
$719.1K
$629.2K – $838.9K
NOI $50,334 @ 7.0% cap · market cap 10.49%
Second Best
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 9.66%
Theoretical Best
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
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
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a grocery store, community center, and two-bedroom apartments.
Where is this mixed-use property located?
The property is located at 2227 2227-9 S 7th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two mixed‑use properties included in the offering; Grocery store and community center on site; Two‑bedroom apartment on the second floor of each property
