Mixed-Use Double-Wide Retail
612 S 4th St Philadelphia, PA 19147
612 S 4th St, Philadelphia, PA, 19147
$2,750,000
For Sale
$2,750,000
Double-wide, fully leased building with two ground-floor retail spaces and eight residential apartments.
Property Size8,000 SF
Price / SF$343.75
Days on Market107
Property Features for 612 S 4th St
General Information
- Standard status
- Active
- Size
- 8,000 SF
Listing agency
MAXWELL REALTY COMPANY
(215) 620-0099
Listed by
Nancy L Alperin · License #RM050817L
(215) 620-0099
Source
Exprealty
Added: Apr 8 Updated: Jul 21 at 10:49AM Checked: Jul 22 at 8:30AM
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 MAXWELL REALTY COMPANY
Investment Insights
Based on property information with market context.
This double-wide mixed-use property includes two contiguous buildings with a total of 10 fully leased units: eight residential apartments and two ground-floor commercial spaces. The residential component features four two-bedroom apartments and four bi-level one-bedroom units, accessed via a private, gated entrance on Leithgow Street. Apartment interiors include hardwood flooring, granite countertops, stainless steel appliances, custom cherry cabinetry, designer-tiled bathrooms, and central air conditioning. Residents also have access to a rooftop deck.
The two storefront spaces are occupied under long-term leases and currently operate as a UPS store and a nail salon. Each storefront benefits from strong visibility and multiple points of egress.
The buildings have separately metered utilities, including water, paid directly by tenants, which can reduce owner expense and simplify day-to-day management.
The two storefront spaces are occupied under long-term leases and currently operate as a UPS store and a nail salon. Each storefront benefits from strong visibility and multiple points of egress.
The buildings have separately metered utilities, including water, paid directly by tenants, which can reduce owner expense and simplify day-to-day management.
Key Highlights
- Two contiguous buildings at 612–614 S. 4th St. totaling 10 fully leased units: 8 residential apartments and 2 ground‑floor commercial spaces.
- Residential unit mix: four 2‑bedroom apartments and four bi‑level 1‑bedroom units.
- Residential accessed via a private, gated entrance on Leithgow Street; hardwood floors, granite countertops, stainless steel appliances, and custom cherry cabinetry.
Local Financial Insights For Apartment 5plus
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 | $242.9k | $30.36 |
| − Vacancy | −$14.1k | −$1.76 |
| EGI | $228.8k | $28.60 |
| − OpEx | −$103.0k | −$12.87 |
| NOI | $125.8k | $15.73 |
8,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,836 @ 7.0% cap · market cap 4.58%
Second Best
Retail
$1.29M
$1.13M – $1.51M
NOI $90,418 @ 7.0% cap · market cap 3.29%
Theoretical Best
Multifamily LT 5
$1.95M
$1.71M – $2.28M
NOI $136,519 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
S&N Bar Spa ...
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Double-wide, fully leased building with two ground-floor retail spaces and eight residential apartments.
Where is this apartment building located?
The property is located at 612 S 4th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two contiguous buildings at 612–614 S. 4th St. totaling 10 fully leased units: 8 residential apartments and 2 ground‑floor commercial spaces.; Residential unit mix: four 2‑bedroom apartments and four bi‑level 1‑bedroom units.; Residential accessed via a private, gated entrance on Leithgow Street; hardwood floors, granite countertops, stainless steel appliances, and custom cherry cabinetry.
