Mixed-Use Property with
For Sale
$480,000
Pending
2227-9 S 7TH STREET, Philadelphia, PA 19148
Two-property offering combining a grocery store, community center, and upstairs residential units.
Property Size3,200 SF
Days on Market227
Property Features for 2227-9 S 7TH STREET
General Information
Standard status
Pending
Size
3,200 SF
Property subtype
MixedUse
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,000
Taxes and HOA fees
Annual Taxes
$819
Building Details
Building Size
3,200 SF
Year Built
1960
Buildings
2
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Patmckennarealtors
Added: Mar 10
Changed: Oct 21
Last Checked: Oct 21 at 3:52AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use offering includes two properties on South 7th Street, with one configured for grocery retail and the other serving as a community center. Each property includes a second-floor, two-bedroom apartment, creating a combination of commercial and residential space within the portfolio.
The apartments are described as being in very good condition. Both properties were built in 1960 and are located at 2227-9 S 7th Street in Philadelphia, Pennsylvania 19148.
The apartments are described as being in very good condition. Both properties were built in 1960 and are located at 2227-9 S 7th Street in Philadelphia, Pennsylvania 19148.
Key Highlights
- Two mixed‑use properties offered together
- Grocery store and community center included in the offering
- Each property has a second‑floor 2‑bedroom apartment
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
Current Use
Lease Details
2
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-property offering combining a grocery store, community center, and upstairs residential units.
Where is this mixed-use property located?
The property is located at 2227-9 S 7TH STREET 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 offered together; Grocery store and community center included in the offering; Each property has a second‑floor 2‑bedroom apartment
