Mixed-Use Property with
New
For Sale
$459,990
2315-00 S 12TH ST, Philadelphia, PA 19148
A vacant ground-floor commercial space accompanies two renovated apartments.
Property Size1,888 SF
Price / SF$243.64
Days on Market4
Property Features for 2315-00 S 12TH ST
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Multi-family
Additional Details
Floor
Ground
Utilities to Site
Yes
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Target Realty
Listed By:
Shengfei Lin · License #RS330620
(215) 218-0939
Source:
Imanirealtors
Added: Oct 7
Last Checked: Oct 9 at 7:54PM
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 Target Realty
Investment Insights
Based on property information with market context.
This 1,888-square-foot mixed-use property at 2315-00 S 12th St in Philadelphia contains a storefront and two apartments. The street-level commercial area is vacant and can accommodate retail or other business use. Behind it, the first floor has a one-bedroom apartment; the second floor includes a two-bedroom apartment and an outdoor patio. Both residential units have been renovated, and each unit has a separate electric meter.
Key Highlights
- 1,888‑square‑foot mixed‑use property with a storefront and two apartments
- Vacant street‑level commercial space suitable for retail or business use
- First‑floor rear apartment has 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,219
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,380
$644.4K
Cap Rate 7%
$460,271
$460.3K
Cap Rate 9%
$357,989
$358.0K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$48.7K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$46.0K $24.38/SF
− OpEx
−$13.8K −$7.31/SF
NOI
$32.2K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,380
Cap Rate 7%
$460,271
Cap Rate 9%
$357,989
Alternative Uses
Best Use
Multifamily LT 5
$460.3K
$402.7K – $537.0K
NOI $32,219 @ 7.0% cap · market cap 7.00%
Second Best
Apartment 5plus
$424.2K
$371.2K – $495.0K
NOI $29,697 @ 7.0% cap · market cap 6.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,688
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant ground-floor commercial space accompanies two renovated apartments.
Where is this mixed-use property located?
The property is located at 2315-00 S 12TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $459,990.
What are key features of this property?
This property features: 1,888‑square‑foot mixed‑use property with a storefront and two apartments; Vacant street‑level commercial space suitable for retail or business use; First‑floor rear apartment has 1 bedroom
