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    Mixed-Use Building with First-Floor Commercial Title is generated by Realmo AI

    331 W GIRARD Avenue, Philadelphia, PA 19123

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    Claim this Listing
    For Sale
    $549,000

    MULTI_FAMILY - Colonial - PHILADELPHIA, PA

    Property size:
    2,196 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $250/SF
    Added:
    Jan 12, 2026
    Days on Market:
    152
    Last Refresh:
    Jun 13 at 6:06 pm

    Property Features for 331 W GIRARD Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Interior features
    Ceiling Fan(s)
    Standard status
    Active
    Size
    2,196 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5824

    Utilities

    Heating system
    Baseboard, Electric (Heating), Other (Heating)
    Cooling system
    Ductless, Window Unit(s)

    Building Details

    Year built
    1921
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Ralph Marion Harvey III

    Listing agent Ralph Marion Harvey III License #RM424475

    Listing office ListWithFreedom.com 5724 SW 77th Avenue Road, Boynton Beach, PA

    Listing date Jan 12, 2026

    MLS# PAPH2573878 Listing URL

    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.

    HighLights

    • Prime Northern Liberties location - steps from dining, shops & transit
    • First‑floor commercial space - perfect for retail or office
    • Cash‑flowing, mixed‑use asset with strong upside potential
    • Opportunity to live on‑site while generating income
    • Well‑maintained property
    • Brick construction

    Overview

    This well-maintained mixed-use property is designed to combine residential living with commercial income potential. It features by-right 1st-floor commercial space, with the balance of the building supporting residential use. The configuration supports either owner-occupancy with on-site living or separate leasing of the units, depending on how an operator or buyer wants to run the asset.

    Located at 331 W Girard Avenue in Philadelphia, the property is positioned in Northern Liberties, described as being steps from dining, shops, and transit. The close-in setting can be advantageous for tenants that benefit from walkable access and frequent local activity.

    For buyers, the core appeal is owning a mixed-use building that includes dedicated commercial frontage at the street level, offering flexibility to tailor the use of the ground-floor space to retail or office operations. For investors and owner-operators, the structure supports a live-and-lease approach or a fully leased setup, depending on leasing strategy and tenant demand for 1st-floor retail or office use in the area.

    Local Financial Insights For Apartment 5plus

    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 $66.7k $30.36
    − Vacancy −$3.9k −$1.76
    EGI $62.8k $28.60
    − OpEx −$28.3k −$12.87
    NOI $34.5k $15.73
    2,196 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $493.5K
    $431.8K – $575.7K (±1% cap)
    NOI $34,542 @ 7.0% cap · market cap 6.29%
    Second Best
    Office B
    $412.8K
    $361.2K – $481.6K (±1% cap)
    NOI $28,898 @ 7.0% cap · market cap 5.26%
    Theoretical Best
    Multifamily LT 5
    $535.4K
    $468.4K – $624.6K (±1% cap)
    NOI $37,475 @ 7.0% cap · market cap 6.83%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tiffany Psychic Spiritual Center Inner Sanctum RituWell Alternative Medicine Practice

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.14265
    Latitude
    39.97012

    FAQs

    What type of property is this?
    Mixed-use property - By-right first-floor commercial space within a well-maintained mixed-use building in Philadelphia’s Northern Liberties.
    Where is this mixed-use property located?
    The property is located at 331 W GIRARD Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Prime Northern Liberties location - steps from dining, shops & transit; First‑floor commercial space - perfect for retail or office; Cash‑flowing, mixed‑use asset with strong upside potential
    More about this property
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