Mixed-Use Investment Property For
3479 Bowman St, Philadelphia, PA 19129
Three-story mixed-use property in Philadelphia's East Falls neighborhood.
Type:Mixed Use, Multifamily, Retail
Property size:
3,769 SFPrice / SF:
$252/SF- Added:
- Feb 24, 2026
- Days on Market:
- 124
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 3479 Bowman St
General Information
- Standard status
- Active
- Size
- 3,769 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1939
Listing office VRA Realty Commercial
Listing date Feb 24, 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 VRA Realty Commercial
HighLights
- Mixed‑use investment property in a vibrant East Falls location near Thomas Jefferson University
- Two updated three‑bedroom apartments with private balconies and central air
- Ground floor retail space with existing salon and vacant cafe space with kitchen hood in place
- CMX‑1 zoning supports a variety of retail and residential uses
- Recent upgrades to mechanicals and utilities
- Value‑add potential through leasing vacant retail space and increasing apartment rents
Overview
This three-story mixed-use investment property is situated on a corner lot in the East Falls neighborhood of Philadelphia, Pennsylvania. The 3,769 square foot building is located in a vibrant area near Thomas Jefferson University, surrounded by established landmarks, retailers, and restaurants, with a mix of students, families, and long-time residents. Zoned CMX-1, the property supports neighborhood-serving retail businesses and apartments. The ground floor features 1,575 square feet of storefront retail space, including a 575 square foot salon and a 1,000 square foot space previously used as a cafe. The cafe space retains its kitchen hood and systems, suitable for a new food and beverage tenant. The second and third floors each contain a three-bedroom, one-bath apartment with private balconies and central air. The apartments have been updated. Major capital expenditures, including mechanicals and utilities, have been recently upgraded. The property offers value-add potential through leasing the vacant retail space and increasing apartment rents to market rates, making it a long-term investment opportunity.
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 | $114.4k | $30.36 |
| − Vacancy | −$6.6k | −$1.76 |
| EGI | $107.8k | $28.60 |
| − OpEx | −$48.5k | −$12.87 |
| NOI | $59.3k | $15.73 |
3,769 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$846.9K
$741.1K – $988.1K
NOI $59,285 @ 7.0% cap · market cap 6.24%
Second Best
Mixed Use
$639.7K
$559.7K – $746.3K
NOI $44,776 @ 7.0% cap · market cap 4.71%
Theoretical Best
Multifamily LT 5
$918.8K
$804.0K – $1.07M
NOI $64,318 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Ghadeer's Eyebrows
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.18955
- Latitude
- 40.013767
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use property in Philadelphia's East Falls neighborhood.
Where is this mixed-use property located?
The property is located at 3479 Bowman St Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Mixed‑use investment property in a vibrant East Falls location near Thomas Jefferson University; Two updated three‑bedroom apartments with **private balconies and central air**; Ground floor retail space with existing salon and **vacant cafe space with kitchen hood in place**
