Mixed-Use Property in University
4014 Market Street Philadelphia, PA 19104
4014 Market Street, Philadelphia, PA, 19104
$875,000
For Sale
$875,000
Meticulously maintained mixed-use property with commercial and residential units.
Property Size4,862 SF
Price / SF$179.97
Days on Market121
Property Features for 4014 Market Street
General Information
- Standard status
- Active
- Size
- 4,862 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency
JG Real Estate LLC
(267) 266-3721
Listed by
Marie Collins · License #RS323515
(267) 266-3721
Source
Compass
Added: Mar 21 Checked: Jul 17 at 3:28 am
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 JG Real Estate LLC
Investment Insights
Based on property information with market context.
This meticulously maintained mixed-use property is located in the heart of University City. The property at 4014 Market Street features three units, including a ground-floor commercial space and two residential apartments above. The second and third-floor units each offer a two-bedroom, one-bathroom layout and have been thoughtfully renovated and well cared for. Situated along the rapidly evolving Market Street corridor, the property is located within one of Philadelphia’s most active development areas, surrounded by continued investment in mixed-use, residential, and life-science projects tied to nearby universities, hospitals, and research institutions. This property presents an excellent opportunity for investors seeking a well-maintained asset in a high-growth corridor. The property size is 4862 square feet.
Key Highlights
- Mixed‑use property with ground‑floor commercial space and two residential apartments.
- Located in the heart of University City, a high‑growth corridor.
- Two thoughtfully renovated and well‑maintained two‑bedroom, one‑bathroom apartments.
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 | $147.6k | $30.36 |
| − Vacancy | −$8.6k | −$1.76 |
| EGI | $139.0k | $28.60 |
| − OpEx | −$62.6k | −$12.87 |
| NOI | $76.5k | $15.73 |
4,862 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $82,970 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$1.09M
$956.0K – $1.27M
NOI $76,477 @ 7.0% cap · market cap 8.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Meticulously maintained mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 4014 Market Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Mixed‑use property with ground‑floor commercial space and two residential apartments.; Located in the heart of University City, a high‑growth corridor.; Two thoughtfully renovated and well‑maintained **two‑bedroom, one‑bathroom apartments.**
