Historic Mixed-Use Building with
238 S 11TH Street Philadelphia, PA 19107
For Sale
Under Contract
$995,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,616 SF
Lot Size0.03 Acres
Price / SF$275.17
Days on Market108
Property Features for 238 S 11TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- 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 26 at 9:06PM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
HeaD AreaA
Hair Salon
FAQs
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
