Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Three-Unit Mixed-Use Property Title is generated by Realmo AI

    421 W OLNEY AVENUE, Philadelphia, PA 19120

    View on Map
    Claim this Listing
    New
    For Sale
    $230,000

    CommercialSale - PHILADELPHIA, PA

    Lot size:
    0.07 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 8:06 am

    Property Features for 421 W OLNEY AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2921

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1925
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Benjamin Wong
    Benjamin Wong

    Listing agent Benjamin Wong

    Listing office BHHS Fox & Roach Blue Bell 721 Skippack Pike #100, PA

    Listing date Jun 4, 2026

    MLS# PAPH2630402 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 3‑unit mixed‑use property with a vacant first‑floor commercial space plus an occupied second‑floor residential apartment
    • First‑floor commercial unit has direct access to the basement and a separate side entrance
    • Second‑floor residential unit has a private side entrance and is currently tenant‑occupied (option to have tenant out within 60 days after going under contract)
    • Detached 4‑car garage located behind the building for additional rental income
    • Forced air heating and central air cooling
    • Built in 1925; sold as‑is

    Overview

    This mixed-use, three-unit property includes a vacant first-floor commercial space, a fully occupied second-floor residential apartment, and a separately located detached 4-car garage behind the building. The first-floor commercial unit offers direct access to the basement and includes a separate side entrance, supporting flexibility for a range of business uses. The residential unit has its own private side entrance and is currently tenant-occupied, with an option for the tenant to vacate within 60 days after the property goes under contract.

    The property is located at 421 W Olney Avenue in Philadelphia, in the Olney/Oak Lane area of North Philadelphia. It sits along a major commercial corridor and is surrounded by residential housing, with proximity to 5th Street and easy access to Roosevelt Boulevard, Broad Street, and Cheltenham Avenue.

    For owner-occupants or investors, the layout supports collecting existing rental income while leasing the vacant ground-floor space. The detached garage provides an additional separate rental component, while the basement access and side entrance on the commercial level can be helpful for tenant operations. The property is being sold as-is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Nicholas Truong Physician

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.129585
    Latitude
    40.036568

    Nearby Similar for Sale

    • $2,990,000
      6,495 SF

      Restaurant Opportunity in Philadelphia, PA

      Restaurant with 170 parking spaces on 1.77 acres.
      80 FRANKLIN MILLS Boulevard, PHILADELPHIA, PA 19154
      View Details
    • $850,000
      4,560 SF

      Freestanding Commercial Building, Philadelphia

      Highly visible commercial building with parking on a busy corridor.
      500-02 W CHELTENHAM Avenue, PHILADELPHIA, PA 19126
      View Details
    • $999,000
      7,800 SF

      Iconic East Falls Cornerstone Building

      Multigenerational landmark in flourishing Philadelphia community, dual-zoned.
      3711 MIDVALE AVENUE, PHILADELPHIA, PA 19129
      View Details
    • $1,400,000
      5,000 SF

      Freestanding Commercial Building in Philadelphia

      Highly visible commercial building suitable for automotive, medical, retail.
      2040 NAPFLE AVENUE, PHILADELPHIA, PA 19152
      View Details
    • $549,944
      700 SF

      Mixed-Use Brownstone with Storefront

      Three-story live-work setup with a renovated first-floor storefront and remodeled apartment above.
      212 FAIRMOUNT Avenue, PHILADELPHIA, PA 19123
      View Details
    • $1,399,000
      4,575 SF

      Medical Office Building For Sale

      Well-maintained medical office building with high visibility and income potential.
      9821 ACADEMY Road, PHILADELPHIA, PA 19114
      View Details
    • $645,000
      4,278 SF

      Germantown Avenue Mixed-Use Opportunity

      Versatile mixed-use property in historic Germantown with parking.
      5519 GERMANTOWN Avenue, PHILADELPHIA, PA 19144
      View Details
    • $549,000

      Turnkey Medical Office Space Available

      Medical office space near Jefferson Methodist Hospital in South Philadelphia.
      1313 WOLF Street, PHILADELPHIA, PA 19148
      View Details
    • $2,750,000

      Turnkey Three-Story Building with Elevator

      Renovated three-story property with fully finished basement, elevator service, and sprinkler coverage across all levels.
      718 CHESTNUT Street, PHILADELPHIA, PA 19106
      View Details
    • $399,000
      3,441 SF

      Philadelphia Commercial Building on Allegheny

      Three-story corner building on Allegheny Avenue, suitable for commercial or multi-family use.
      2711-13 E ALLEGHENY AVENUE, PHILADELPHIA, PA 19134
      View Details
    • $740,000
      3,456 SF

      Triplex with Private Lower-Level Connection

      Triplex with separate electric and gas meters, washer and dryer, and a finished lower level connected to the first-floor unit.
      149 W SHARPNACK Street, PHILADELPHIA, PA 19119
      View Details
    • $900,000
      800 SF

      Frankford Avenue Commercial Package Sale

      Three adjacent properties on Frankford Avenue, ideal for redevelopment.
      2607 FRANKFORD AVENUE, PHILADELPHIA, PA 19125
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Three-unit mixed-use building with a vacant ground-floor commercial space, occupied apartment, and detached 4-car garage.
    Where is this mixed-use property located?
    The property is located at 421 W OLNEY AVENUE Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: 3‑unit mixed‑use property with a vacant first‑floor commercial space plus an occupied second‑floor residential apartment; First‑floor commercial unit has direct access to the basement and a separate side entrance; Second‑floor residential unit has a private side entrance and is currently tenant‑occupied (option to have tenant out within 60 days after going under contract)
    (215) 806-0988
    We can help!
    Listing Contact
    Benjamin Wong
    Benjamin Wong
    Real Estate License ID: RS323778
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    421 W OLNEY AVENUE, PHILADELPHIA, PA 19120
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!