Mixed-Use Building in Washington
238 South 11th Street Philadelphia, PA 19107
238 South 11th Street, Philadelphia, PA, 19107
$995,000
Pending
For Sale
$995,000
Pending
Four-story mixed-use building with three units in Philadelphia.
Property Size3,616 SF
Days on Market104
Property Features for 238 South 11th Street
General Information
- Standard status
- Pending
- Size
- 3,616 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
A La Carte Realty LLC
(215) 834-7337
Listed by
Jill Fratto · License #RM422726
(215) 834-7337
Source
Compass
Added: Apr 9 Updated: Jul 10 at 12:15PM Checked: Jul 21 at 6:14AM
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 A La Carte Realty LLC
Investment Insights
Based on property information with market context.
Located in Washington Square West, this four-story mixed-use building offers an opportunity for investors and owner-users. Zoned CMX-1, the property consists of three units. The first floor, currently operating as a hair salon, features high ceilings, natural light, a private entrance, and a large unfinished basement with access to a rear, private outdoor space. The second floor is a one-bedroom apartment with natural light and original details. The third and fourth floors comprise a bi-level three-bedroom, two-bath apartment with hardwood floors and access to a large, sunny, private deck. All units have newer HVAC systems and windows and are currently leased on a month-to-month basis. The property is located in Philadelphia, within MLS Area 19107 and the School District of Philadelphia.
Key Highlights
- Prime location in the heart of Washington Square West.
- Mixed‑use property with three units offering flexibility and income potential.
- CMX‑1 zoning provides strong flexibility for various business and residential uses.
Local 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
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four-story mixed-use building with three units in Philadelphia.
Where is this mixed-use property located?
The property is located at 238 South 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: Prime location in the heart of Washington Square West.; Mixed‑use property with three units offering flexibility and income potential.; CMX‑1 zoning provides strong flexibility for various business and residential uses.
