Nine-Unit Mixed-Use
For Sale
$599,999
2260 N Broad St, Philadelphia, PA 19132
Brownstone configuration includes residential studios, one-bedroom units, a commercial space, building laundry, and basement storage.
Property Size4,200 SF
Price / SF$142.86
Days on Market22
Property Features for 2260 N Broad St
General Information
Standard status
Active
Size
4,200 SF
Units
Unit Mix
6 x studio, 2 x 1BR
Multifamily Units
8
Additional Details
Public Transit
Yes
Amenities
laundry
basement storage
Building Details
Year Built
1915
Construction
brownstone
Listing Agency:
Coldwell Banker Realty
(267) 606-8502
Listed By:
Keith M Stallone · License #RS326084
Source:
Selltheshore
Added: Aug 8
Changed: Aug 27
Last Checked: Aug 28 at 12:39PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1915, this 4200-square-foot brownstone combines residential apartments with a commercial component across a mixed-use layout. The property includes six studio apartments, two one-bedroom apartments, and one small commercial space, creating a nine-unit configuration. Laundry facilities are located within the building, while the basement offers storage for occupants and additional functional space.
The property is located at 2260 N Broad St in Philadelphia, near the Broad St Line and Temple University. Its zoning permits short-term rental use, providing flexibility within the stated mixed-use framework. The building’s 4200-square-foot footprint and established urban setting support a compact combination of residential and commercial occupancy.
The property is located at 2260 N Broad St in Philadelphia, near the Broad St Line and Temple University. Its zoning permits short-term rental use, providing flexibility within the stated mixed-use framework. The building’s 4200-square-foot footprint and established urban setting support a compact combination of residential and commercial occupancy.
Key Highlights
- Nine‑unit mixed‑use brownstone at 2260 N Broad St, Philadelphia, PA 19132
- Six studio units, two one‑bedroom units, and one small commercial space
- 4200 property size with 1915 construction year
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,896
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$997,920
$997.9K
Cap Rate 7%
$712,800
$712.8K
Cap Rate 9%
$554,400
$554.4K
Market Conditions
NOI Build-Up for 4,200 SF
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.
Gross rent
$90.7K $21.60/SF
− Vacancy
−$10.9K −$2.59/SF
EGI
$79.8K $19.01/SF
− OpEx
−$29.9K −$7.13/SF
NOI
$49.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$997,920
Cap Rate 7%
$712,800
Cap Rate 9%
$554,400
Alternative Uses
Best Use
Apartment 5plus
$943.8K
$825.8K – $1.10M
NOI $66,064 @ 7.0% cap · market cap 11.01%
Second Best
Mixed Use
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 8.32%
Theoretical Best
Multifamily LT 5
$1.02M
$895.9K – $1.19M
NOI $71,673 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,262
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brownstone configuration includes residential studios, one-bedroom units, a commercial space, building laundry, and basement storage.
Where is this mixed-use property located?
The property is located at 2260 N Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Nine‑unit mixed‑use brownstone at 2260 N Broad St, Philadelphia, PA 19132; Six studio units, two one‑bedroom units, and one small commercial space; 4200 property size with 1915 construction year
