South Philly Mixed-Use
2327-29 South 7th Street Philadelphia, PA 19148
2327-29 South 7th Street, Philadelphia, PA, 19148
$630,000
For Sale
$630,000
Two mixed-use buildings in South Philly with commercial and residential units.
Property Size4,031 SF
Price / SF$156.29
Days on Market88
Property Features for 2327-29 South 7th Street
General Information
- Standard status
- Active
- Size
- 4,031 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency
Global Hubs Realty Group, LLC
(888) 991-6912
Listed by
Guang X. Li · License #RM425899
(888) 991-6912
Source
Compass
Added: Apr 21 Checked: Jul 17 at 4:36 am
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 Global Hubs Realty Group, LLC
Investment Insights
Based on property information with market context.
Two buildings are available for sale in South Philadelphia. The first floor units are zoned CMX1 and are currently used as commercial spaces. The second and third floor units consist of residential apartments. The property size is 4,031 square feet. The properties are located in the 19148 MLS area within Philadelphia County. The School District of Philadelphia serves this location.
Key Highlights
- Two buildings for sale in South Philadelphia.
- First floor units are zoned CMX1 (commercial).
- Both ground floor units are commercial spaces.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.1k | $21.60 |
| − Vacancy | −$10.4k | −$2.59 |
| EGI | $76.6k | $19.01 |
| − OpEx | −$28.7k | −$7.13 |
| NOI | $47.9k | $11.88 |
4,031 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$684.1K
$598.6K – $798.1K
NOI $47,888 @ 7.0% cap · market cap 7.60%
Second Best
Retail
$650.8K
$569.5K – $759.3K
NOI $45,559 @ 7.0% cap · market cap 7.23%
Theoretical Best
Multifamily LT 5
$982.7K
$859.9K – $1.15M
NOI $68,789 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two mixed-use buildings in South Philly with commercial and residential units.
Where is this mixed-use property located?
The property is located at 2327-29 South 7th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two buildings for sale in South Philadelphia.; First floor units are zoned CMX1 (commercial).; Both ground floor units are commercial spaces.
