Three-Story Mixed-Use
For Sale
$379,000
3201 FANSHAWE STREET, Philadelphia, PA 19149
Ground-floor commercial space accompanies two occupied residential apartments.
Property Size1,852 SF
Price / SF$204.64
Days on Market62
Property Features for 3201 FANSHAWE STREET
General Information
Standard status
Active
Size
1,852 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1950
Buildings
1
Listing Agency:
HK99 Realty LLC
Listed By:
Qiu Yan Rao · License #0683419
(215) 725-7888
Source:
Cummingsrealtors
Added: Aug 10
Changed: Oct 10
Last Checked: Oct 9 at 10:03PM
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 HK99 Realty LLC
Investment Insights
Based on property information with market context.
This three-level mixed-use building combines a commercial area at street level with two residential apartments on the floors above. The second level contains a one-bedroom, one-bath apartment, while the top floor provides a two-bedroom, one-bath unit. Both apartments are currently occupied. Built in 1950, the property has a total listed property size of 1,852. Located at 3201 Fanshawe Street in Philadelphia, the building offers access to public transportation and is within walking distance of supermarkets, banks, and schools. The configuration places commercial and residential components within a single property, with separate apartment layouts across the upper floors.
Key Highlights
- Ground‑floor commercial space with two residential units above
- Second‑floor apartment has 1 bedroom and 1 bath
- Third‑floor apartment has 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,372
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,440
$527.4K
Cap Rate 7%
$376,743
$376.7K
Cap Rate 9%
$293,022
$293.0K
Market Conditions
NOI Build-Up for 1,852 SF
Gross rent
$38.9K $21.00/SF
− Vacancy
−$1.2K −$0.66/SF
EGI
$37.7K $20.34/SF
− OpEx
−$11.3K −$6.10/SF
NOI
$26.4K $14.24/SF
Area
ZIP 19149
Vacancy
3.13%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,440
Cap Rate 7%
$376,743
Cap Rate 9%
$293,022
Alternative Uses
Best Use
Apartment 5plus
$3.55M
$3.10M – $4.14M
NOI $248,217 @ 7.0% cap · market cap 65.49%
Second Best
Multifamily LT 5
$376.7K
$329.7K – $439.5K
NOI $26,372 @ 7.0% cap · market cap 6.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space accompanies two occupied residential apartments.
Where is this mixed-use property located?
The property is located at 3201 FANSHAWE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Ground‑floor commercial space with two residential units above; Second‑floor apartment has 1 bedroom and 1 bath; Third‑floor apartment has 2 bedrooms and 1 bath
