Renovated Corner Mixed-Use
For Sale
$339,999
6037 Elmwood Avenue, Philadelphia, PA 19142
Corner commercial storefront with two renovated apartments, updated roof, electrical, HVAC, and water heaters.
Property Size2,048 SF
Price / SF$166.02
Days on Market362
Property Features for 6037 Elmwood Avenue
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi-Family
Zoning
CMX2
Site & Location
Neighborhood
Southwest Philadelphia
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,604
Amenities
Luxury Vinyl Plank
Natural Gas
Yes
Electric,Natural Gas
2
Estimated
Bathroom - Tub Shower,Combination Kitchen/Living,Entry Level Bedroom,Floor Plan - Open,Recessed Lighting,Store/Office,Upgraded Countertops,Other
No Pool
Public
Y30
0.03
No
On Street
22900.00
Building Details
Building Size
2,048 SF
Year Built
1920
Listing Agency:
Keller Williams Select Realtors of Annapolis
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Oct 27, 2025
Changed: Oct 3
Last Checked: Oct 23 at 5:32AM
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 Keller Williams Select Realtors of Annapolis
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Investment Insights
Based on property information with market context.
Renovated corner mixed-use property featuring a first-floor commercial storefront plus two residential units accessible via a private side entrance. The commercial space offers an open-concept layout with high ceilings, recessed lighting, neutral paint, and luxury vinyl plank flooring, with a half bath for convenience. The apartments have been updated with modern kitchens featuring quartz countertops, sleek cabinetry, new fixtures, luxury vinyl plank flooring, and spa-inspired bathrooms. Unit 1 is a 1-bedroom, 1-bath with a private gated courtyard. Unit 2 is a 2-bedroom, 1-bath with new stair access and an open living layout.
The property is zoned CMX-2 and includes major system upgrades, including a new roof and joists, all new electrical wiring, HVAC system updates, and new water heaters. The first-floor unit is gas-heated, while the upper unit uses electric heat.
Located near SEPTA transit with proximity to major employment and retail activity, the property is suited for owner-occupants seeking storefront exposure alongside residential rental income.
The property is zoned CMX-2 and includes major system upgrades, including a new roof and joists, all new electrical wiring, HVAC system updates, and new water heaters. The first-floor unit is gas-heated, while the upper unit uses electric heat.
Located near SEPTA transit with proximity to major employment and retail activity, the property is suited for owner-occupants seeking storefront exposure alongside residential rental income.
Key Highlights
- Renovated corner mixed‑use property at 6037 Elmwood Avenue with a commercial storefront plus two residential apartments
- Commercial first‑floor open‑concept layout with high ceilings, recessed lighting, luxury vinyl plank flooring, and a half bath
- Two renovated units via private side entrance: Unit 1 (1 bed/1 bath) with private gated courtyard; Unit 2 (2 bed/1 bath) with new stair access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,147
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,940
$462.9K
Cap Rate 7%
$330,671
$330.7K
Cap Rate 9%
$257,189
$257.2K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$36.9K $18.00/SF
− Vacancy
−$3.8K −$1.85/SF
EGI
$33.1K $16.15/SF
− OpEx
−$9.9K −$4.84/SF
NOI
$23.1K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$462,940
Cap Rate 7%
$330,671
Cap Rate 9%
$257,189
Alternative Uses
Best Use
Multifamily LT 5
$499.3K
$436.9K – $582.5K
NOI $34,949 @ 7.0% cap · market cap 10.28%
Second Best
Apartment 5plus
$460.2K
$402.7K – $536.9K
NOI $32,214 @ 7.0% cap · market cap 9.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 19142, PA
29,565
Population
12,943
Households
2.3
Avg Household Size
33
Median Age
13%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
17,391
Density / Sq Mi
$42,812
Median Household Income
$32,763
Median Earnings
$1,269
Median Rent
$110,400
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 - Corner commercial storefront with two renovated apartments, updated roof, electrical, HVAC, and water heaters.
Where is this duplex located?
The property is located at 6037 Elmwood Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Renovated corner mixed‑use property at 6037 Elmwood Avenue with a commercial storefront plus two residential apartments; Commercial first‑floor open‑concept layout with high ceilings, recessed lighting, luxury vinyl plank flooring, and a half bath; Two renovated units via private side entrance: Unit 1 (1 bed/1 bath) with private gated courtyard; Unit 2 (2 bed/1 bath) with new stair access
