Mixed-Use Income
4633 Princeton Avenue Philadelphia, PA 19135
4633 Princeton Avenue, Philadelphia, PA, 19135
$294,999
For Sale
$294,999
Fully occupied two-unit property with a sandwich shop on the first floor and a one-bedroom apartment above.
Property Size1,764 SF
Price / SF$167.23
Days on Market469
Property Features for 4633 Princeton Avenue
General Information
- Standard status
- Active
- Size
- 1,764 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1935
Listing agency
Coldwell Banker Hearthside Realtors
(215) 307-0068
Listed by
Charles A Sperber · License #RS290722
(215) 307-0068
Source
Compass
Added: Apr 11, 2025 Updated: Jul 22 at 7:15PM Checked: Jul 22 at 7:15PM
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 Coldwell Banker Hearthside Realtors
Investment Insights
Based on property information with market context.
This mixed-use income property includes a fully occupied sandwich shop on the first floor and a one-bedroom apartment on the second floor. The commercial and residential spaces are both currently rented, providing stability for an owner who wants income from day one.
Located in Philadelphia in the 19135 MLS area, the property benefits from a high-traffic setting and convenient accessibility for both business operations and tenant needs.
The building’s configuration supports an owner-operator or investor approach, with separate income streams from the restaurant-style retail use below and the long-term residential rental above.
Located in Philadelphia in the 19135 MLS area, the property benefits from a high-traffic setting and convenient accessibility for both business operations and tenant needs.
The building’s configuration supports an owner-operator or investor approach, with separate income streams from the restaurant-style retail use below and the long-term residential rental above.
Key Highlights
- Two‑unit property with a sandwich shop on the first floor and a one‑bedroom apartment on the second floor
- Both units are fully occupied with a long‑term tenant in place for the apartment
- Year built 1935
Local Financial Insights For Specialty Retail
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 | $37.0k | $21.00 |
| − Vacancy | −$3.0k | −$1.68 |
| EGI | $34.1k | $19.32 |
| − OpEx | −$8.5k | −$4.83 |
| NOI | $25.6k | $14.49 |
1,764 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$430.0K
$376.3K – $501.7K
NOI $30,102 @ 7.0% cap · market cap 10.20%
Second Best
Apartment 5plus
$396.4K
$346.8K – $462.5K
NOI $27,747 @ 7.0% cap · market cap 9.41%
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
Finks Hoagies
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully occupied two-unit property with a sandwich shop on the first floor and a one-bedroom apartment above.
Where is this duplex located?
The property is located at 4633 Princeton Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $294,999.
What are key features of this property?
This property features: Two‑unit property with a sandwich shop on the first floor and a one‑bedroom apartment on the second floor; Both units are fully occupied with a long‑term tenant in place for the apartment; Year built 1935
