Three-Story Mixed-Use
New
For Sale
$599,000
2725 E CLEARFIELD Street, Philadelphia, PA 19134
Multi-Family, PHILADELPHIA, PA
Property Size2,736 SF
Lot Size0.04 Acres
Price / SF$218.93
Days on Market3
Property Features for 2725 E CLEARFIELD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
1
Parking features
Fenced, Driveway
Subdivision
PORT RICHMOND
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,736 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4211
Utilities
Heating system
Other (Heating)
Building Details
Year built
1920
Floors in Building
2
Number of units
3
Building materials
Masonry
Architectural style
Split Level
Listing Agency:
Dolan Family Real Estate
(215) 423-8888
Listed By:
Andrea L Mackin · License #AB068651
(267) 226-7821
Added: Sep 25
Last Checked: Sep 27 at 12:06PM
MLS# PAPH2670622
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 2,736-square-foot, three-story mixed-use property combines a ground-floor commercial space with two residential apartments. Built in 1920 with masonry construction, it also includes a full basement and a fenced driveway with parking for one car. The first floor has been renovated; the second-floor apartment is occupied, while the commercial space and third-floor one-bedroom apartment are vacant.
The property sits one block from Richmond Street in Philadelphia’s Port Richmond neighborhood. Its 0.0391-acre lot accommodates the building and driveway. The ground-floor space previously operated as a fish and produce market, and can also serve as a store or office, according to the property details.
The property sits one block from Richmond Street in Philadelphia’s Port Richmond neighborhood. Its 0.0391-acre lot accommodates the building and driveway. The ground-floor space previously operated as a fish and produce market, and can also serve as a store or office, according to the property details.
Key Highlights
- 2,736 square feet across three stories
- One commercial space and two residential apartments
- Second‑floor apartment is occupied; first floor and third‑floor one‑bedroom are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,036
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,720
$860.7K
Cap Rate 7%
$614,800
$614.8K
Cap Rate 9%
$478,178
$478.2K
Market Conditions
NOI Build-Up for 2,736 SF
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.
Gross rent
$83.1K $30.36/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$78.2K $28.60/SF
− OpEx
−$35.2K −$12.87/SF
NOI
$43.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,720
Cap Rate 7%
$614,800
Cap Rate 9%
$478,178
Alternative Uses
Best Use
Apartment 5plus
$614.8K
$538.0K – $717.3K
NOI $43,036 @ 7.0% cap · market cap 7.18%
Second Best
Mixed Use
$464.3K
$406.3K – $541.7K
NOI $32,504 @ 7.0% cap · market cap 5.43%
Theoretical Best
Multifamily LT 5
$667.0K
$583.6K – $778.2K
NOI $46,690 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A renovated ground-floor commercial space is paired with two apartments, one of which is currently occupied.
Where is this mixed-use property located?
The property is located at 2725 E CLEARFIELD Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,736 square feet across three stories; One commercial space and two residential apartments; Second‑floor apartment is occupied; first floor and third‑floor one‑bedroom are vacant
