Mixed-Use Property with 6
449 E ONTARIO STREET, Philadelphia, PA 19134
For Sale
$400,000
A dedicated welding shop complements the residential space and multiple garage bays.
Property Size3,608 SF
Price / SF$110.86
Days on Market157
Property Features for 449 E ONTARIO STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Kia C. Brown · License PA RS324069
(610) 420-1652
Source:
Desantis-realestate
Added: Jun 7
Changed: Nov 7
Last Checked: Nov 9 at 1:18PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This 3,608-square-foot mixed-use property includes a ranch-style, one-bedroom home, six garages, and a separate welding shop. Built in 1960, the property also has a fenced perimeter and an elevated deck.
The property is located at 449 E Ontario Street in Philadelphia, Pennsylvania.
The property is located at 449 E Ontario Street in Philadelphia, Pennsylvania.
Key Highlights
- Six garages provide substantial enclosed space
- Separate welding shop
- Ranch‑style home with one bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,488
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,760
$529.8K
Cap Rate 7%
$378,400
$378.4K
Cap Rate 9%
$294,311
$294.3K
Market Conditions
NOI Build-Up for 3,608 SF
Gross rent
$41.1K $11.40/SF
− Vacancy
−$3.3K −$0.91/SF
EGI
$37.8K $10.49/SF
− OpEx
−$11.4K −$3.15/SF
NOI
$26.5K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,760
Cap Rate 7%
$378,400
Cap Rate 9%
$294,311
Alternative Uses
Best Use
Mixed Use
$612.3K
$535.8K – $714.4K
NOI $42,863 @ 7.0% cap · market cap 10.72%
Second Best
Industrial
$378.4K
$331.1K – $441.5K
NOI $26,488 @ 7.0% cap · market cap 6.62%
Theoretical Best
Multifamily LT 5
$879.6K
$769.6K – $1.03M
NOI $61,570 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A dedicated welding shop complements the residential space and multiple garage bays.
Where is this mixed-use property located?
The property is located at 449 E ONTARIO STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Six garages provide substantial enclosed space; Separate welding shop; Ranch‑style home with one bedroom
