Double-Wide Mixed-Use Income
61214 S 4th Street Philadelphia, PA 19147
61214 S 4th Street, Philadelphia, PA, 19147
$2,750,000
For Sale
$2,750,000
Two contiguous buildings offer fully leased ground-floor retail and apartments with separately metered utilities.
Property Size8,000 SF
Price / SF$343.75
Days on Market142
Property Features for 61214 S 4th Street
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
MAXWELL REALTY COMPANY
Listed by
Nancy L Alperin
Source
Deepcreeklake
Added: Feb 24 Checked: Jul 16 at 11:00 am
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 consists of two contiguous buildings delivering a total of 10 fully leased units, with eight residential apartments and two ground-floor commercial spaces. The residential units are accessed via a private, gated entrance on Leithgow Street, and the current unit mix includes four two-bedroom apartments and four bi-level one-bedroom units. Apartment finishes include hardwood flooring, granite countertops, stainless steel appliances, custom cherry cabinetry, designer-tiled bathrooms, and central air conditioning, along with access to a rooftop deck. The property totals approximately 8,000 square feet.
The two ground-floor storefront spaces are currently occupied by established tenants under long-term leases, operating as a UPS store and a nail salon. The storefronts have visibility and multiple points of egress. Utilities, including water, are separately metered and paid directly by tenants.
For investors and operators seeking a stabilized mixed-use asset, the property offers a blend of residential income and street-level retail tenancy, with tenant-paid utilities helping simplify owner expenses. The gated residential access and dedicated apartment amenities support day-to-day livability, while the long-term commercial occupants provide ongoing operating continuity.
The two ground-floor storefront spaces are currently occupied by established tenants under long-term leases, operating as a UPS store and a nail salon. The storefronts have visibility and multiple points of egress. Utilities, including water, are separately metered and paid directly by tenants.
For investors and operators seeking a stabilized mixed-use asset, the property offers a blend of residential income and street-level retail tenancy, with tenant-paid utilities helping simplify owner expenses. The gated residential access and dedicated apartment amenities support day-to-day livability, while the long-term commercial occupants provide ongoing operating continuity.
Key Highlights
- Two contiguous buildings at 612–614 S. 4th Street with 10 fully leased units (8 residential + 2 ground‑floor commercial).
- Residential unit mix: four 2‑bedroom apartments and four bi‑level 1‑bedroom units across approx. 8,000 SF.
- Residential finishes include hardwood flooring, granite countertops, stainless steel appliances, custom cherry cabinetry, designer‑tiled bathrooms, and central air.
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
Mixed Use
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 3.46%
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
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two contiguous buildings offer fully leased ground-floor retail and apartments with separately metered utilities.
Where is this mixed-use property located?
The property is located at 61214 S 4th Street 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 Street with 10 fully leased units (8 residential + 2 ground‑floor commercial).; Residential unit mix: four 2‑bedroom apartments and four bi‑level 1‑bedroom units across approx. 8,000 SF.; Residential finishes include hardwood flooring, granite countertops, stainless steel appliances, custom cherry cabinetry, designer‑tiled bathrooms, and central air.
