Office Building with Open-Air
2337 S 13TH Street Philadelphia, PA 19148
For Sale
$1,074,999
MULTI_FAMILY - PHILADELPHIA, PA
Property Size4,896 SF
Lot Size0.10 Acres
Price / SF$219.57
Days on Market487
Property Features for 2337 S 13TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 4,896 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5291
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Number of units
- 4
- Building materials
- Masonry
Listing Agency:
Mercury Real Estate Group
(215) 462-5100
Listed By:
Melissa A Impagliazzo · License #RS300588
(267) 259-7863
Added: Mar 27, 2025
Changed: Jun 9
Last Checked: Jul 26 at 9:06AM
MLS# PAPH2462760
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-level building is designed for a client-ready experience, with a reception area for arriving guests, an open-air patio overlooking a courtyard, and an expansive 4-level floor plan. The layout includes several entrances, large rooms that can support open-concept spaces and a break room, and multiple storage options. Three restrooms and central air conditioning serve the interior, while the mechanical systems are updated and interior cosmetics are described as excellent.
The property is located on a visible, double-wide corner lot and is described as being across from Methodist Hospital and medical offices. The building is commercially zoned for school use, with a use change required for other business types.
For tenants, buyers, or operators looking for a flexible interior footprint, the combination of multiple entrances, room sizes suitable for open floor plans, and ready-for-occupancy condition supports a range of professional uses that align with the existing school zoning or can accommodate a permitted use change. The property’s configuration also lends itself to businesses that want a reception-first arrival experience and an outdoor patio space for guests.
The property is located on a visible, double-wide corner lot and is described as being across from Methodist Hospital and medical offices. The building is commercially zoned for school use, with a use change required for other business types.
For tenants, buyers, or operators looking for a flexible interior footprint, the combination of multiple entrances, room sizes suitable for open floor plans, and ready-for-occupancy condition supports a range of professional uses that align with the existing school zoning or can accommodate a permitted use change. The property’s configuration also lends itself to businesses that want a reception-first arrival experience and an outdoor patio space for guests.
Key Highlights
- Prime Philadelphia location on a visible, double‑wide corner lot across from Methodist Hospital and medical offices.
- Commercially zoned for school use with potential for use change to other businesses or conversion to apartments.
- Expansive 4‑level floor plan with multiple entrances, large rooms, break room space, abundant storage, and 3 restrooms.
Financial Insights For Office B
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 | $107.5k | $21.96 |
| − Vacancy | −$21.6k | −$4.41 |
| EGI | $85.9k | $17.55 |
| − OpEx | −$21.5k | −$4.39 |
| NOI | $64.4k | $13.16 |
4,896 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$920.4K
$805.4K – $1.07M
NOI $64,429 @ 7.0% cap · market cap 5.99%
Second Best
Healthcare Medical
$906.5K
$793.2K – $1.06M
NOI $63,452 @ 7.0% cap · market cap 5.90%
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,550 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
All That Jazz
Training Center
FAQs
What type of property is this?
School - Multi-level property with central air, updated mechanicals, and an open-air patio for client-facing operations.
Where is this school located?
The property is located at 2337 S 13TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,074,999.
What are key features of this property?
This property features: Prime Philadelphia location on a visible, double‑wide corner lot across from Methodist Hospital and medical offices.; Commercially zoned for school use with potential for use change to other businesses or conversion to apartments.; Expansive 4‑level floor plan with multiple entrances, large rooms, break room space, abundant storage, and 3 restrooms.
