Building Details

Tenancy Multi

Listing Agency: Keller Williams Real Estate - Media k***@kw.com Show Phone

Listed By: John Knisely · License #RS337729 Show Phone

Source: Exprealty

Added: Jun 18 Changed: Aug 31 Last Checked: Sep 5 at 11:36AM

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Investment Insights

Based on property information with market context.

401 S Springfield Road is a five-unit mixed-use building with two established commercial spaces at street level and three residential apartments on the upper floors. The commercial spaces are occupied by a long-standing hair salon and an auto detailing and vehicle wrap business. Above, the residential component includes an occupied two-bedroom apartment, a recently renovated one-bedroom apartment with a brand-new kitchen and modern updates, and a third-floor two-bedroom apartment.

The property is located on S Springfield Road in Clifton Heights, with the commercial frontage positioned along the heavily traveled Springfield Road corridor.

Current gross rental income is $6,090 per month, including projected rent for the newly renovated unit. Pro forma rents are projected between $6,850 and $7,200 per month.

Key Highlights

• Mixed‑use 5‑unit building at 401 S Springfield Road with 2 street‑level commercial spaces and 3 residential apartments above
• Street‑level commercial tenants include a long‑standing hair salon plus an auto detailing and vehicle wrap business
• Residential unit mix: occupied 2‑bedroom (Unit 1A), recently renovated 1‑bedroom (Unit 1B) with brand‑new kitchen, and a third‑floor 2‑bedroom (Unit 2B)

Property Analytics

Current Use

In the mix salon lounge Hair Salon T.O The Barber Barber Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Bakery Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

739

Businesses Nearby

Explore this area Business Placement

Demographics for 19018, PA

23,664

Population

10,201

Households

2.3

Avg Household Size

38

Median Age

30%

College-Educated

92%

High-School Grad

2.7 sq mi

ZIP Area

8,764

Density / Sq Mi

$73,451

Median Household Income

$46,387

Median Earnings

$1,346

Median Rent

$215,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - Five-unit mixed-use building features two street-level commercial spaces and three residential apartments above.

Where is this mixed-use property located?

The property is located at 401 S Springfield Rd Clifton Hts, PA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Mixed‑use 5‑unit building at 401 S Springfield Road with 2 street‑level commercial spaces and 3 residential apartments above; Street‑level commercial tenants include a long‑standing hair salon plus an auto detailing and vehicle wrap business; Residential unit mix: occupied 2‑bedroom (Unit 1A), recently renovated 1‑bedroom (Unit 1B) with brand‑new kitchen, and a third‑floor 2‑bedroom (Unit 2B)