Mixed-Use Property with
For Sale
$365,000
2601 E ONTARIO STREET, Philadelphia, PA 19134
Ground-floor professional space is paired with a separately accessed three-bedroom residence above.
Property Size1,932 SF
Price / SF$188.92
Days on Market141
Property Features for 2601 E ONTARIO STREET
General Information
Standard status
Active
Size
1,932 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Kensington
Corner Location
Yes
Public Transit
Yes
Mixed-Use Components
commercial, residential
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,506
Building Details
Building Size
1,932 SF
Year Built
1920
Listing Agency:
Realty Mark Associates
Listed By:
Aggie Roberts · License #RS277846
(215) 680-1136
Source:
Desantis-realestate
Added: Jun 12
Changed: Oct 28
Last Checked: Oct 27 at 4:25AM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property combines ground-floor commercial space with an upper-level apartment. The business area has an open layout, two private rooms, a powder room, and a kitchenette, with large street-facing windows. A separate rear entrance serves the residence, which includes three bedrooms and one full bathroom. Its kitchen has white cabinetry, quartz counters, and stainless steel appliances; the unit also has updated flooring, recessed lighting, and a renovated hall bathroom.
The property is at 2601 E Ontario Street in Philadelphia’s Port Richmond neighborhood. Public transportation, major roadways, shopping, dining, and recreational amenities are identified in the surrounding area.
The property is at 2601 E Ontario Street in Philadelphia’s Port Richmond neighborhood. Public transportation, major roadways, shopping, dining, and recreational amenities are identified in the surrounding area.
Key Highlights
- Three‑bedroom apartment with one full bathroom
- Ground‑floor commercial space includes two private rooms, a powder room, and a kitchenette
- Separate rear entrance for the upper‑level residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,952
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,040
$459.0K
Cap Rate 7%
$327,886
$327.9K
Cap Rate 9%
$255,022
$255.0K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$41.7K $21.60/SF
− Vacancy
−$5.0K −$2.59/SF
EGI
$36.7K $19.01/SF
− OpEx
−$13.8K −$7.13/SF
NOI
$23.0K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,040
Cap Rate 7%
$327,886
Cap Rate 9%
$255,022
Alternative Uses
Best Use
Mixed Use
$327.9K
$286.9K – $382.5K
NOI $22,952 @ 7.0% cap · market cap 6.29%
Second Best
Retail
$311.9K
$273.0K – $363.9K
NOI $21,836 @ 7.0% cap · market cap 5.98%
Theoretical Best
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,969 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
529k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Shops & Services 21%
Apparel 18%
Superstores 18%
Target
Superstores
94,650 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
57,415 visits/mo
0.4 miles
Burlington
Apparel
40,515 visits/mo
0.2 miles
Ross Dress for Less
Apparel
30,523 visits/mo
0.3 miles
Wendy's
Dining
26,379 visits/mo
0.3 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
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 Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor professional space is paired with a separately accessed three-bedroom residence above.
Where is this mixed-use property located?
The property is located at 2601 E ONTARIO STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Three‑bedroom apartment with one full bathroom; Ground‑floor commercial space includes two private rooms, a powder room, and a kitchenette; Separate rear entrance for the upper‑level residence
