Mixed-Use Apartment with Ground
2258 North Broad Street Philadelphia, PA 19132
2258 North Broad Street, Philadelphia, PA, 19132
$500,000
For Sale
$500,000
Ten-unit building with nine residential units and a ground-floor barbershop in a CMX-2.5 mixed-use zone.
Property Size3,900 SF
Price / SF$128.21
Days on Market167
Property Features for 2258 North Broad Street
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing agency
Real of Pennsylvania
(484) 566-5060
Listed by
Liam Coonahan · License #RS362535
(484) 566-5060
Source
Compass
Added: Feb 5 Updated: Jul 22 at 12:08AM Checked: Jul 22 at 12:08AM
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 Real of Pennsylvania
Investment Insights
Based on property information with market context.
This for-sale mixed-use property includes 10 total units: nine residential units plus one ground-floor commercial space currently operating as a barbershop. The building includes approximately 3,801 square feet above grade and is being sold in AS-IS condition.
The property is zoned CMX-2.5, which supports flexible commercial and mixed-use possibilities. Current gross monthly income is approximately $4,250, comprised of $2,750 from residential and $1,500 from the ground-floor commercial space.
Located in Philadelphia (19132), the asset is positioned for buyers seeking a residential income component paired with ongoing street-level retail use under an AS-IS sale.
The property is zoned CMX-2.5, which supports flexible commercial and mixed-use possibilities. Current gross monthly income is approximately $4,250, comprised of $2,750 from residential and $1,500 from the ground-floor commercial space.
Located in Philadelphia (19132), the asset is positioned for buyers seeking a residential income component paired with ongoing street-level retail use under an AS-IS sale.
Key Highlights
- 10‑unit mixed‑use building with 9 residential units and 1 ground‑floor commercial space operating as a barbershop
- 3,801 sq ft above‑grade building with 1915 year built
- Zoned CMX‑2.5, supporting flexible commercial and mixed‑use uses
Local Financial Insights For 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 | $70.2k | $18.00 |
| − Vacancy | −$7.2k | −$1.85 |
| EGI | $63.0k | $16.15 |
| − OpEx | −$18.9k | −$4.84 |
| NOI | $44.1k | $11.30 |
3,900 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$876.4K
$766.8K – $1.02M
NOI $61,345 @ 7.0% cap · market cap 12.27%
Second Best
Retail
$629.7K
$551.0K – $734.7K
NOI $44,079 @ 7.0% cap · market cap 8.82%
Theoretical Best
Multifamily LT 5
$950.8K
$831.9K – $1.11M
NOI $66,553 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
TAN PROPERTY GROUP
(Bike/Boat/Book/etc) Store
1 Chic Fashion ...
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Ten-unit building with nine residential units and a ground-floor barbershop in a CMX-2.5 mixed-use zone.
Where is this apartment building located?
The property is located at 2258 North Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 10‑unit mixed‑use building with 9 residential units and 1 ground‑floor commercial space operating as a barbershop; 3,801 sq ft above‑grade building with 1915 year built; Zoned CMX‑2.5, supporting flexible commercial and mixed‑use uses
