Corner Mixed-Use Medical
2601 S 12TH STREET Philadelphia, PA 19148
For Sale
$575,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,700 SF
Price / SF$212.96
Days on Market1039
Property Features for 2601 S 12TH STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 2,700 SF
Building Details
- Year built
- 1930
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Patrick Conway · License #RS217990L
(215) 266-1537
Added: Sep 21, 2023
Changed: Jul 23
Last Checked: Jul 25 at 10:06AM
MLS# PAPH2280544
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 double-wide corner property offers a versatile mixed-use layout under CMX1 zoning. The current setup includes a first-floor medical office with a large waiting area with surrounding windows, a main administration room, seven examination rooms, a lab room, chart room, kitchenette, and a bathroom. The second floor is configured as two separate office spaces, each with its own private entrance, with multiple front and rear rooms, full baths, and one space featuring an eat-in kitchen/dining area.
A basement provides additional mechanicals and significant storage. The property is described as having corner exposure and is located in a high-traffic area.
According to the listing, the second floor could be converted to two bedroom apartments, while the owner may consider renting back the first-floor medical office. Please contact for more details regarding configuration, zoning, and conversion considerations.
A basement provides additional mechanicals and significant storage. The property is described as having corner exposure and is located in a high-traffic area.
According to the listing, the second floor could be converted to two bedroom apartments, while the owner may consider renting back the first-floor medical office. Please contact for more details regarding configuration, zoning, and conversion considerations.
Key Highlights
- 1930‑built double wide corner property with basement and ample storage space
- Lot size 30 x 58 feet zoned CMX1 (Commercial Mixed Use)
- Current 1st‑floor medical office includes a large waiting room, administration room, 7 examination rooms, lab room, chart room, kitchenette, and bathroom
Financial Insights For Office B
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 | $59.3k | $21.96 |
| − Vacancy | −$11.9k | −$4.41 |
| EGI | $47.4k | $17.55 |
| − OpEx | −$11.8k | −$4.39 |
| NOI | $35.5k | $13.16 |
2,700 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$507.6K
$444.1K – $592.2K
NOI $35,531 @ 7.0% cap · market cap 6.18%
Second Best
Healthcare Medical
$499.9K
$437.4K – $583.2K
NOI $34,992 @ 7.0% cap · market cap 6.09%
Theoretical Best
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Adam W. Ellis, ...
Pediatrician
Debouno Jamie A
Medical Clinic
Mark A. Testa, DO
Pediatrician
Steingard Joseph J ...
Pediatrician
Steingard Medical Associates
Medical Clinic
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FAQs
What type of property is this?
Medical Office Space - Double-wide corner property zoned CMX1, operating as a first-floor medical office with two upper office spaces.
Where is this medical office space located?
The property is located at 2601 S 12TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1930‑built double wide corner property with basement and ample storage space; Lot size 30 x 58 feet zoned CMX1 (Commercial Mixed Use); Current 1st‑floor medical office includes a large waiting room, administration room, 7 examination rooms, lab room, chart room, kitchenette, and bathroom
