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Historic 21-Unit Apartment Building
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538 FEDERAL STREET #009, Philadelphia, PA 19147

Adaptive reuse plans pair preserved industrial character with contemporary interior finishes.

Property Size594 SF
Price / SF$1.85
Days on Market5

Property Features for 538 FEDERAL STREET #009

General Information

Standard status Active
Size 594 SF
Property subtype Commercial

Additional Details

Multifamily Units 21

Building Details

Year Built 1930
Buildings 1
Listing Agency: JBMP Group
Listed By: Maria A. Pacitti
Source: Cummingsrealtors
Added: Sep 15 Changed: Sep 18 Last Checked: Sep 18 at 6:06AM

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 JBMP Group

Investment Insights

Based on property information with market context.

This apartment property involves the adaptive reuse of a historic industrial structure into a 21-unit residential building. Original architectural elements are intended to complement updated interior finishes, creating a residential setting that retains the character of the existing building while introducing a contemporary design approach.

Constructed in 1930, the property offers a distinctive redevelopment profile centered on preserving its industrial character as part of the apartment conversion. The source information identifies the building as a boutique residential project with upscale finishes.

Key Highlights

  • Planned conversion into a 21‑unit apartment building
  • Historic industrial structure with original architectural character
  • Contemporary finishes incorporated into the residential design

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nursing Home Electrical Service Coworking & Hybrid Office (Bike/Boat/Book/etc) Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21
Residential units

Location Intelligence

Trade Area within ½ mile

4,041
Businesses Nearby

Demographics for 19147, PA

41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Adaptive reuse plans pair preserved industrial character with contemporary interior finishes.
Where is this apartment building located?
The property is located at 538 FEDERAL STREET #009 Philadelphia, PA.
What are key features of this property?
This property features: Planned conversion into a 21‑unit apartment building; Historic industrial structure with original architectural character; Contemporary finishes incorporated into the residential design
More about this property
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