Double-Wide Mixed-Use Income
For Sale
$2,750,000
61214 S 4th Street, Philadelphia, PA 19147
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 Market231
Property Features for 61214 S 4th Street
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Additional Details
Business Included
Yes
Multifamily Units
8
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
MAXWELL REALTY COMPANY
Listed By:
Nancy L Alperin · License #RM050817L
(215) 620-0099
Source:
Deepcreeklake
Added: Mar 1
Changed: Oct 16
Last Checked: Oct 16 at 8:42AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,836
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,720
$2.5M
Cap Rate 7%
$1,797,657
$1.8M
Cap Rate 9%
$1,398,178
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$242.9K $30.36/SF
− Vacancy
−$14.1K −$1.76/SF
EGI
$228.8K $28.60/SF
− OpEx
−$103.0K −$12.87/SF
NOI
$125.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,516,720
Cap Rate 7%
$1,797,657
Cap Rate 9%
$1,398,178
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 authorities.
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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.
