3-Unit Mixed-Use
New
For Sale
$416,000
2305 S 7TH STREET, Philadelphia, PA 19148
A commercial unit occupies the ground floor beneath two matching three-bedroom apartments, with separate metering for all units.
Property Size2,286 SF
Days on Market6
Property Features for 2305 S 7TH STREET
General Information
Standard status
Active
Size
2,286 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Lower Moyamensing
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,703
Building Details
Building Size
2,286 SF
Year Built
1915
Listing Agency:
Realty Mark Associates
Listed By:
Steven Gov · License #RS334577
(267) 918-0354
Source:
Patmckennarealtors
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 31 at 12:09AM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
Built in 1915, this mixed-use property combines a ground-floor commercial unit with two three-bedroom apartments above. The residential units have matching layouts, and all three units are separately metered.
The property is on South 7th Street in Philadelphia, among restaurants, grocery stores, and retail shops. Public transportation is available immediately outside.
The property is on South 7th Street in Philadelphia, among restaurants, grocery stores, and retail shops. Public transportation is available immediately outside.
Key Highlights
- Ground‑floor commercial space with two three‑bedroom apartments above
- Three separately metered units
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,958
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,160
$719.2K
Cap Rate 7%
$513,686
$513.7K
Cap Rate 9%
$399,533
$399.5K
Market Conditions
NOI Build-Up for 2,286 SF
Gross rent
$69.4K $30.36/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$65.4K $28.60/SF
− OpEx
−$29.4K −$12.87/SF
NOI
$36.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,160
Cap Rate 7%
$513,686
Cap Rate 9%
$399,533
Alternative Uses
Best Use
Apartment 5plus
$513.7K
$449.5K – $599.3K
NOI $35,958 @ 7.0% cap · market cap 8.64%
Second Best
Mixed Use
$388.0K
$339.5K – $452.6K
NOI $27,158 @ 7.0% cap · market cap 6.53%
Theoretical Best
Multifamily LT 5
$557.3K
$487.6K – $650.2K
NOI $39,010 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,974
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 - A commercial unit occupies the ground floor beneath two matching three-bedroom apartments, with separate metering for all units.
Where is this mixed-use property located?
The property is located at 2305 S 7TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $416,000.
What are key features of this property?
This property features: Ground‑floor commercial space with two three‑bedroom apartments above; Three separately metered units; Built in 1915
