Three-Unit Mixed-Use
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For Sale
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2731 West Girard Avenue, Philadelphia, PA 19130
CMX-2.5-zoned building combines two residential apartments with a first-floor commercial space.
Property Size2,673 SF
Price / SF$187.06
Days on Market6
Property Features for 2731 West Girard Avenue
General Information
Standard status
Active
Size
2,673 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
CMX-2.5
Building Details
Year Built
1915
Buildings
1
Stories
3
Units
3
Listing Agency:
National Realty Commercial
Listed By:
Billy Creagh · License #PA ABR002759
(267) 439-6926
Source:
Crexi
Added: Aug 29
Changed: Sep 2
Last Checked: Sep 2 at 2:17PM
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 National Realty Commercial
Investment Insights
Based on property information with market context.
This three-unit mixed-use property includes two residential apartments and a commercial space on the first floor. Each apartment has two bedrooms; the third-floor unit is renovated, while the second-floor unit is unrenovated. All three units are leased month-to-month, providing a mix of residential and commercial occupancy within the building.
The property contains approximately 2,673 SF on a 1,489 SF lot, with approximately 18' of frontage along West Girard Avenue. Built in 1915, the building is zoned CMX-2.5, supporting a range of residential and commercial uses. The address is in Philadelphia's Brewerytown area.
The property contains approximately 2,673 SF on a 1,489 SF lot, with approximately 18' of frontage along West Girard Avenue. Built in 1915, the building is zoned CMX-2.5, supporting a range of residential and commercial uses. The address is in Philadelphia's Brewerytown area.
Key Highlights
- Three‑unit mixed‑use building with two 2‑bedroom apartments and a first‑floor commercial space
- Approximately 2,673 SF building on a 1,489 SF lot
- Approximately 18' of frontage along West Girard Avenue
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
$45,614
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
9.12%
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%
$912,280
$912.3K
Cap Rate 7%
$651,629
$651.6K
Cap Rate 9%
$506,822
$506.8K
Market Conditions
NOI Build-Up for 2,673 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
$69.0K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.2K $24.38/SF
− OpEx
−$19.5K −$7.31/SF
NOI
$45.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$912,280
Cap Rate 7%
$651,629
Cap Rate 9%
$506,822
Alternative Uses
Best Use
Multifamily LT 5
$651.6K
$570.2K – $760.2K
NOI $45,614 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$600.6K
$525.6K – $700.8K
NOI $42,045 @ 7.0% cap · market cap 8.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,534
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-2.5-zoned building combines two residential apartments with a first-floor commercial space.
Where is this mixed-use property located?
The property is located at 2731 West Girard Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Three‑unit mixed‑use building with two 2‑bedroom apartments and a first‑floor commercial space; Approximately 2,673 SF building on a 1,489 SF lot; Approximately 18' of frontage along West Girard Avenue
