Mixed-Use Duplex with Street
For Sale
$475,000
535 E Girard Ave, Philadelphia, PA 19125
Fully occupied duplex with a street-level leased commercial unit and an upper-level bi-level one-bedroom apartment.
Property Size1,879 SF
Price / SF$252.79
Days on Market99
Property Features for 535 E Girard Ave
General Information
Standard status
Active
Size
1,879 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Kensington
Additional Details
Multifamily Units
1
Building Details
Year Built
1915
Listing Agency:
JG Real Estate LLC
Listed By:
James Armstrong · License #RS346266
(215) 380-2909
Source:
Upgradebymichaud
Added: Jul 24
Changed: Oct 25
Last Checked: Oct 28 at 9:24AM
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
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Investment Insights
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Situated at 535 E Girard Ave in Philadelphia, this well-maintained mixed-use duplex offers two income-producing units with separate access. Unit #1 is a street-level commercial space currently leased to a nail salon. The layout features hardwood floors, exposed brick, large front windows, a raised front entry, additional rooms toward the rear, a generously sized bathroom with storage shelving, and direct access to a small back patio. An unfinished basement provides substantial storage space.
Unit #2 is an upper-level bi-level one-bedroom apartment with its own private entrance. The home includes exposed brick, hardwood floors, high ceilings, and oversized windows for natural light. The main level offers a spacious living area and an eat-in kitchen with ample cabinetry, gas range, dishwasher, and in-unit laundry. The upper level includes a bedroom with soaring ceilings and a large walk-in closet, plus a generously sized bathroom with modern finishes.
The property is back on the market after a buyer was unable to secure loan approval and is fully occupied, with consistent rental income supported by separate commercial and residential entrances.
Unit #2 is an upper-level bi-level one-bedroom apartment with its own private entrance. The home includes exposed brick, hardwood floors, high ceilings, and oversized windows for natural light. The main level offers a spacious living area and an eat-in kitchen with ample cabinetry, gas range, dishwasher, and in-unit laundry. The upper level includes a bedroom with soaring ceilings and a large walk-in closet, plus a generously sized bathroom with modern finishes.
The property is back on the market after a buyer was unable to secure loan approval and is fully occupied, with consistent rental income supported by separate commercial and residential entrances.
Key Highlights
- Fully occupied mixed‑use duplex with a leased street‑level commercial unit and an upper‑level bi‑level 1‑bedroom apartment
- Commercial unit #1 on Girard Ave is leased to a nail salon and includes hardwood floors, exposed brick, and large front windows
- Commercial unit layout includes a raised front entry, additional rear rooms, a generously sized bathroom with storage shelving, and direct access to a small back patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,065
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,300
$641.3K
Cap Rate 7%
$458,071
$458.1K
Cap Rate 9%
$356,278
$356.3K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$48.5K $25.80/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$45.8K $24.38/SF
− OpEx
−$13.7K −$7.31/SF
NOI
$32.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,300
Cap Rate 7%
$458,071
Cap Rate 9%
$356,278
Alternative Uses
Best Use
Multifamily LT 5
$458.1K
$400.8K – $534.4K
NOI $32,065 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$422.2K
$369.5K – $492.6K
NOI $29,556 @ 7.0% cap · market cap 6.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,561
Businesses Nearby
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Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with a street-level leased commercial unit and an upper-level bi-level one-bedroom apartment.
Where is this duplex located?
The property is located at 535 E Girard Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Fully occupied mixed‑use duplex with a leased street‑level commercial unit and an upper‑level bi‑level 1‑bedroom apartment; Commercial unit #1 on Girard Ave is leased to a nail salon and includes hardwood floors, exposed brick, and large front windows; Commercial unit layout includes a raised front entry, additional rear rooms, a generously sized bathroom with storage shelving, and direct access to a small back patio
