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East Falls Mixed-Use Corner Property

3401 Conrad St, Philadelphia, PA 19129

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For Sale

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Three-story mixed-use property with storefronts and apartments in East Falls.

Type:Retail, Multifamily, Mixed Use

Property size:

3,769 SF

Price / SF:

$291/SF

HighLights

Mixed‑use corner property with two storefronts and two apartments in East Falls.
Opportunity to increase rental income through lease upgrades and filling 1,000 SF of vacant ground floor commercial space.
Two 3BR apartments with balconies overlooking Conrad Street.
Existing tenant (The ArtistHaus Salon) provides stable income.
Located on a charming retail corridor near Vegan Vibes and Rutabaga Toy Library.
Built in 2018.

We can help!

Contact an agent

Jonathan Makar

Learn more

For Sale

Contact for pricing

Three-story mixed-use property with storefronts and apartments in East Falls.

Type:Retail, Multifamily, Mixed Use

Property size:

3,769 SF

Price / SF:

$291/SF

Added:: Feb 7, 2026
Days on Market:: 143
Last Refresh:: Mar 17 at 1:15 pm

Property Features for 3401 Conrad St

General Information

Standard status: Active
Size: 3,769 SF
Property subtype: Retail, Multifamily, Mixed Use

Building Details

Year Built: 2018

We can help!

Contact an agent

Jonathan Makar

Listing office MSC Retail

Listing date Feb 7, 2026

Source Crexi

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 MSC Retail

HighLights

Mixed‑use corner property with two storefronts and two apartments in East Falls.
Opportunity to increase rental income through lease upgrades and filling 1,000 SF of vacant ground floor commercial space.
Two 3BR apartments with balconies overlooking Conrad Street.
Existing tenant (The ArtistHaus Salon) provides stable income.
Located on a charming retail corridor near Vegan Vibes and Rutabaga Toy Library.
Built in 2018.

Overview

This is a three-story mixed-use corner property located on a retail corridor in East Falls. The property features two storefronts totaling 1,600 square feet of ground floor commercial space, along with two apartments on the upper floors. One storefront is currently vacant, offering 1,000 square feet of space. The other storefront is leased by The ArtistHaus Salon, occupying 600 square feet and generating a monthly rent of $1,250, NNN. The two apartments each have three bedrooms and balconies overlooking Conrad Street. One apartment rents for $1,650 per month, while the other rents for $1,850 per month. The property is located near businesses such as Vegan Vibes and Rutabaga Toy Library. The total property size is 3,769 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$97.2k	$25.80
− Vacancy	−$5.4k	−$1.42
EGI	$91.9k	$24.38
− OpEx	−$27.6k	−$7.31
NOI	$64.3k	$17.06

3,769 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$918.8K

$804.0K – $1.07M (±1% cap)

NOI $64,318 @ 7.0% cap · market cap 5.85%

Second Best

Apartment 5plus

$846.9K

$741.1K – $988.1K (±1% cap)

NOI $59,285 @ 7.0% cap · market cap 5.39%

Theoretical Best

—

same as Best Use

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

Location Intelligence

Current Use by Public Records

The Artist Haus Hair Salon Mack Stylist Hair Salon

Suggested Use

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.188721
Latitude: 40.011566

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For sale
Mixed-use properties
PA
Philadelphia
19129
3401 Conrad St

What type of property is this?

Mixed-use property - Three-story mixed-use property with storefronts and apartments in East Falls.

Where is this mixed-use property located?

The property is located at 3401 Conrad St Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Mixed‑use corner property with two storefronts and two apartments in East Falls.; Opportunity to increase rental income through lease upgrades and filling 1,000 SF of vacant ground floor commercial space.; Two 3BR apartments with balconies overlooking Conrad Street.