Historic Mixed-Use Building with
For Sale
Under Contract
$995,000
238 S 11TH Street, Philadelphia, PA 19107
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,616 SF
Lot Size0.03 Acres
Price / SF$275.17
Days on Market113
Property Features for 238 S 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active Under Contract
Size
3,616 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
12500
Utilities
Heating system
Central, Other (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1900
Number of units
3
Building materials
Brick, Masonry
Architectural style
Other
Listing Agency:
A La Carte Realty LLC
(610) 664-2400
Listed By:
Jill Fratto · License #RM422726
(215) 834-7337
Added: Apr 10
Changed: Jul 13
Last Checked: Jul 31 at 4:06AM
MLS# PAPH2606208
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.
Located at 238 S 11TH Street, this historic four-story mixed-use building presents a three-unit setup with a commercial component on the first floor and residential space above. The first-floor storefront is currently operating as a hair salon with high ceilings and natural light, with a private entrance. It also includes a large unfinished basement with access to the rear, plus a private outdoor space. The second floor features a 1-bedroom apartment, while the third and fourth floors combine into a bi-level 3-bedroom, 2-bath residence with hardwood floors and access to a large, sunny, private deck.
The property is zoned CMX-1 and is described as being in the heart of Washington Square West.
Each unit has newer HVAC systems and windows. All units are currently leased on a month-to-month basis.
The property is zoned CMX-1 and is described as being in the heart of Washington Square West.
Each unit has newer HVAC systems and windows. All units are currently leased on a month-to-month basis.
Key Highlights
- 4‑story historic mixed‑use building with 3 units (1st‑floor commercial and 2 residential levels)
- Zoned CMX‑1
- 1st floor commercial space currently operating as a hair salon with a private entrance and high ceilings
Financial Insights For Multifamily LT 5
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 | $93.3k | $25.80 |
| − Vacancy | −$5.1k | −$1.42 |
| EGI | $88.2k | $24.38 |
| − OpEx | −$26.4k | −$7.31 |
| NOI | $61.7k | $17.06 |
3,616 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$881.5K
$771.3K – $1.03M
NOI $61,707 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$812.5K
$711.0K – $948.0K
NOI $56,878 @ 7.0% cap · market cap 5.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
25,174
Businesses Nearby
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story mixed-use building includes a ground-floor hair salon and two residential units, all leased month-to-month.
Where is this mixed-use property located?
The property is located at 238 S 11TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4‑story historic mixed‑use building with 3 units (1st‑floor commercial and 2 residential levels); Zoned CMX‑1; 1st floor commercial space currently operating as a hair salon with a private entrance and high ceilings
