Mixed-Use Building with
For Sale
$375,000
2947 W Girard Ave, Philadelphia, PA 19130
Street-level commercial space is paired with residential use in a flexible owner-user or investment property.
Property Size1,906 SF
Price / SF$196.75
Days on Market227
Property Features for 2947 W Girard Ave
General Information
Standard status
Active
Size
1,906 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Building Details
Year Built
1915
Listing Agency:
LYL Realty Group
(215) 498-3546
Listed By:
Dayhna Carroll · License #RM422863
Source:
Baltimoreharfordhomesforsale
Added: Jan 15
Changed: Aug 29
Last Checked: Aug 29 at 11:30PM
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 LYL Realty Group
Investment Insights
Based on property information with market context.
Built in 1915, this 1,906-square-foot mixed-use property combines a street-facing storefront with residential space. The commercial portion is identified as suitable for a café, boutique, salon, office, or creative studio, while the residential component provides living space above. This configuration supports business operation alongside residential occupancy or an income-producing ownership strategy.
The property is located on Girard Avenue in Philadelphia’s Brewerytown neighborhood, with heavy foot traffic and access to public transportation. Fairmount Park, Kelly Drive, Center City, major roadways, and an expanding collection of local shops, restaurants, and breweries are identified in the surrounding area.
The property is located on Girard Avenue in Philadelphia’s Brewerytown neighborhood, with heavy foot traffic and access to public transportation. Fairmount Park, Kelly Drive, Center City, major roadways, and an expanding collection of local shops, restaurants, and breweries are identified in the surrounding area.
Key Highlights
- 1,906‑square‑foot mixed‑use building with commercial and residential components
- Street‑level storefront suited to café, boutique, salon, office, or creative studio use
- Residential living space positioned above the commercial storefront
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
$29,980
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
7.99%
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%
$599,600
$599.6K
Cap Rate 7%
$428,286
$428.3K
Cap Rate 9%
$333,111
$333.1K
Market Conditions
NOI Build-Up for 1,906 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
$57.9K $30.36/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$54.5K $28.60/SF
− OpEx
−$24.5K −$12.87/SF
NOI
$30.0K $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%
$599,600
Cap Rate 7%
$428,286
Cap Rate 9%
$333,111
Alternative Uses
Best Use
Apartment 5plus
$428.3K
$374.8K – $499.7K
NOI $29,980 @ 7.0% cap · market cap 7.99%
Second Best
Mixed Use
$323.5K
$283.0K – $377.4K
NOI $22,643 @ 7.0% cap · market cap 6.04%
Theoretical Best
Multifamily LT 5
$464.7K
$406.6K – $542.1K
NOI $32,526 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,356
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 - Street-level commercial space is paired with residential use in a flexible owner-user or investment property.
Where is this mixed-use property located?
The property is located at 2947 W Girard Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,906‑square‑foot mixed‑use building with commercial and residential components; Street‑level storefront suited to café, boutique, salon, office, or creative studio use; Residential living space positioned above the commercial storefront
