Upgraded Mixed-Use Corner
For Sale
$189,000
2500 W SOMERSET Street, Philadelphia, PA 19132
Multi-Family, PHILADELPHIA, PA
Property Size1,200 SF
Lot Size0.02 Acres
Price / SF$157.50
Days on Market54
Property Features for 2500 W SOMERSET Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
ALLEGHENY WEST
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,200 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1455
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1915
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Herbert Edwards Real Estate
(215) 227-1650
Listed By:
Rodney Edwards · License #RS227507L
(267) 254-8811
Added: Aug 21
Changed: Sep 30
Last Checked: Oct 13 at 5:06PM
MLS# PAPH2662662
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 mixed-use property includes approximately 1,200 square feet of space within a masonry building constructed in 1915. The first floor has been recently upgraded and was previously used as a real estate office, providing an existing commercial layout that can be adapted for retail, professional office, commercial services, or residential conversion. The property is offered in as-is condition.
Positioned on a corner parcel at 2500 W SOMERSET Street in Philadelphia, the property is near local schools, shopping districts, and public transit routes. On-street parking is available, and the building is equipped with hot water heating. Its compact footprint and existing first-floor improvements provide a defined starting point for an owner’s planned commercial or residential use.
Positioned on a corner parcel at 2500 W SOMERSET Street in Philadelphia, the property is near local schools, shopping districts, and public transit routes. On-street parking is available, and the building is equipped with hot water heating. Its compact footprint and existing first-floor improvements provide a defined starting point for an owner’s planned commercial or residential use.
Key Highlights
- 1,200 square feet in a masonry building constructed in 1915
- Recently upgraded first‑floor space
- Previously operated as a real estate office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,791
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,820
$315.8K
Cap Rate 7%
$225,586
$225.6K
Cap Rate 9%
$175,456
$175.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$26.4K $21.96/SF
− Vacancy
−$5.3K −$4.41/SF
EGI
$21.1K $17.55/SF
− OpEx
−$5.3K −$4.39/SF
NOI
$15.8K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,820
Cap Rate 7%
$225,586
Cap Rate 9%
$175,456
Alternative Uses
Best Use
Multifamily LT 5
$292.5K
$256.0K – $341.3K
NOI $20,478 @ 7.0% cap · market cap 10.83%
Second Best
Apartment 5plus
$269.6K
$235.9K – $314.6K
NOI $18,875 @ 7.0% cap · market cap 9.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,361
Businesses Nearby
Explore this area
Business Placement
Demographics for 19132, PA
33,926
Population
17,402
Households
1.9
Avg Household Size
37
Median Age
13%
College-Educated
83%
High-School Grad
2.2 sq mi
ZIP Area
15,421
Density / Sq Mi
$30,974
Median Household Income
$30,300
Median Earnings
$1,055
Median Rent
$73,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Recently improved first-floor space supports commercial or residential repositioning in a transit-accessible urban setting.
Where is this mixed-use property located?
The property is located at 2500 W SOMERSET Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,200 square feet in a masonry building constructed in 1915; Recently upgraded first‑floor space; Previously operated as a real estate office
