Renovated Corner Mixed-Use
6037 Elmwood Avenue Philadelphia, PA 19142
6037 Elmwood Avenue, Philadelphia, PA, 19142
$339,999
For Sale
$339,999
Corner commercial storefront with two renovated apartments, updated roof, electrical, HVAC, and water heaters.
Property Size2,048 SF
Price / SF$166.02
Days on Market269
Property Features for 6037 Elmwood Avenue
General Information
- Standard status
- Active
- Size
- 2,048 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1920
Listing agency
Giraldo Real Estate Group
(856) 222-0077
Listed by
Gary Cook
Source
Thetristaterealestategroup
Added: Oct 27, 2025 Updated: Jul 21 at 2:53PM Checked: Jul 22 at 3:11AM
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 Giraldo Real Estate Group
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
Local Financial Insights For 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 | $36.9k | $18.00 |
| − Vacancy | −$3.8k | −$1.85 |
| EGI | $33.1k | $16.15 |
| − OpEx | −$9.9k | −$4.84 |
| NOI | $23.1k | $11.30 |
2,048 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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
