Renovated Mixed-Use
For Sale
$459,990
2315 S 12th St, Philadelphia, PA 19148
Two updated apartments accompany a vacant storefront with flexible retail or business-use potential.
Property Size1,888 SF
Price / SF$243.64
Days on Market53
Property Features for 2315 S 12th St
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Target Realty
Listed By:
Shengfei Lin · License #RS330620
(215) 218-0939
Source:
Upgradebymichaud
Added: Aug 26
Changed: Oct 11
Last Checked: Oct 16 at 11:15AM
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
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Investment Insights
Based on property information with market context.
This mixed-use property combines a street-level commercial storefront with two residential apartments. The front commercial area is vacant and offers flexibility for retail or business use, while the rear portion of the first floor contains a one-bedroom apartment. A renovated two-bedroom apartment occupies the second floor and includes an outdoor patio.
Both residential units have been completely renovated. Separate electric meters are provided for each unit, supporting distinct utility accounting across the property. Constructed in 1925, the building offers a combination of commercial and residential space within one property.
Both residential units have been completely renovated. Separate electric meters are provided for each unit, supporting distinct utility accounting across the property. Constructed in 1925, the building offers a combination of commercial and residential space within one property.
Key Highlights
- Two residential apartments plus one storefront
- Vacant first‑floor commercial space suited to retail or business use
- First‑floor rear apartment with 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.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two updated apartments accompany a vacant storefront with flexible retail or business-use potential.
Where is this mixed-use property located?
The property is located at 2315 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: Two residential apartments plus one storefront; Vacant first‑floor commercial space suited to retail or business use; First‑floor rear apartment with 1 bedroom
