Corner Duplex with Retail
433 W Somerset Street Philadelphia, PA 19133
433 W Somerset Street, Philadelphia, PA, 19133
$269,999
For Sale
$269,999
CMX-1 corner property with renovated commercial space and a rented two-bedroom apartment.
Property Size1,060 SF
Price / SF$254.72
Days on Market122
Property Features for 433 W Somerset Street
General Information
- Standard status
- Active
- Size
- 1,060 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Pulte Homes of PA Limited Partnership
(856) 222-0077
Listed by
Francis Brennan
Source
Thetristaterealestategroup
Added: Mar 24 Updated: Jul 22 at 2:41PM Checked: Jul 23 at 3:33AM
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 Pulte Homes of PA Limited Partnership
Investment Insights
Based on property information with market context.
This CMX-1 corner duplex combines a renovated commercial space with a residential unit. The commercial area has been fully renovated and includes central air, creating a move-in-ready setup for an owner-occupant or a tenant. The residential component is a well-maintained two-bedroom, one-bath apartment.
The apartment is currently rented on a month-to-month lease at $1,100. The property is near a school and is surrounded by active neighborhood activity, supporting consistent day-to-day presence.
Overall, the layout provides flexibility for mixed-use operation, with both income-producing residential space and an independently usable commercial component.
The apartment is currently rented on a month-to-month lease at $1,100. The property is near a school and is surrounded by active neighborhood activity, supporting consistent day-to-day presence.
Overall, the layout provides flexibility for mixed-use operation, with both income-producing residential space and an independently usable commercial component.
Key Highlights
- CMX‑1 zoned corner duplex at 433 W Somerset St with both commercial and residential space
- Commercial space has been fully renovated and includes central air
- Residential unit is a 2‑bedroom, 1‑bath apartment on a month‑to‑month lease at $1,100
Local Financial Insights For Multifamily LT 5
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 | $27.3k | $25.80 |
| − Vacancy | −$1.5k | −$1.42 |
| EGI | $25.8k | $24.38 |
| − OpEx | −$7.8k | −$7.31 |
| NOI | $18.1k | $17.06 |
1,060 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$258.4K
$226.1K – $301.5K
NOI $18,089 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$238.2K
$208.4K – $277.9K
NOI $16,673 @ 7.0% cap · market cap 6.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apoyo Supremo Care
Home Health Care Service
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FAQs
What type of property is this?
Duplex - CMX-1 corner property with renovated commercial space and a rented two-bedroom apartment.
Where is this duplex located?
The property is located at 433 W Somerset Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $269,999.
What are key features of this property?
This property features: CMX‑1 zoned corner duplex at 433 W Somerset St with both commercial and residential space; Commercial space has been fully renovated and includes central air; Residential unit is a 2‑bedroom, 1‑bath apartment on a month‑to‑month lease at $1,100
