Mixed-Use Investment Property in
231-33 W Coulter St, Philadelphia, PA 19144
For Sale
Contact for pricing
Mixed-use property with residential, commercial, and garage rental income.
Property Size5,987 SF
Lot Size0.09 Acres
Price / SF$146.99
Days on Market267
Property Features for 231-33 W Coulter St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Listing Agency:
McCann Commercial Real Estate
Listed By:
Sam Akif · License PA RS331003
(215) 617-6142
Source:
Crexi
Added: Feb 19
Changed: Aug 15
Last Checked: Aug 14 at 6:05AM
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 McCann Commercial 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.
Located in the Germantown neighborhood of Philadelphia, 231-33 W Coulter Street is a two-story mixed-use investment property. The building has a 5,987 sq ft footprint on a 4,095 sq ft lot. It features five residential units, one commercial space currently occupied by a yoga studio, and 12 individual garages. The property offers diversified income potential. There are 11 bedrooms and 6 bathrooms total. It also includes a laundry room with a coin-operated washer and dryer. The property has active rental licenses and a solid unit mix, providing both residential and commercial cash flow. The property has a camera system throughout and an intercom system for the residential units. Its location in Germantown offers easy access to transit, neighborhood retail, and community amenities.
Key Highlights
- Diversified income potential from 5 residential units, a commercial space (yoga studio), and 12 garages.
- Active rental licenses and solid unit mix providing immediate residential and commercial cash flow.
- Located in Germantown with easy access to transit, retail, and community amenities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,126
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,422,520
$1.4M
Cap Rate 7%
$1,016,086
$1.0M
Cap Rate 9%
$790,289
$790.3K
Market Conditions
NOI Build-Up for 5,987 SF
Gross rent
$129.3K $21.60/SF
− Vacancy
−$15.5K −$2.59/SF
EGI
$113.8K $19.01/SF
− OpEx
−$42.7K −$7.13/SF
NOI
$71.1K $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%
$1,422,520
Cap Rate 7%
$1,016,086
Cap Rate 9%
$790,289
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,173 @ 7.0% cap · market cap 10.70%
Second Best
Mixed Use
$1.02M
$889.1K – $1.19M
NOI $71,126 @ 7.0% cap · market cap 8.08%
Theoretical Best
Multifamily LT 5
$1.46M
$1.28M – $1.70M
NOI $102,168 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,566
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential, commercial, and garage rental income.
Where is this mixed-use property located?
The property is located at 231-33 W Coulter St Philadelphia, PA.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Diversified income potential from 5 residential units, a commercial space (yoga studio), and 12 garages.; Active rental licenses and solid unit mix providing immediate residential and commercial cash flow.; Located in Germantown with easy access to transit, retail, and community amenities.
