Mixed-Use Property with Rooftop
617 N 10th St, Philadelphia, PA 19123
For Sale
$1,099,990
Office space, two residential units, and rear parking are combined in a recently built corner property.
Property Size3,000 SF
Price / SF$366.66
Days on Market23
Property Features for 617 N 10th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Multifamily Units
Office Units
Additional Details
Floor
Property Use
Amenities
rooftop balcony
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Home Vista Realty
Listed By:
YanLing Zhang · License #RB069036
(215) 500-0569
Source:
Baltimoreharfordhomesforsale
Added: Oct 16
Changed: Nov 6
Last Checked: Nov 6 at 9:19AM
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 Home Vista Realty
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Investment Insights
Based on property information with market context.
Completed in 2020, this 3,000-square-foot mixed-use property combines a first-floor office and finished basement with two residential units above. A rooftop balcony, high ceilings, abundant natural light, and central heating and cooling serve the building. Three parking spaces are located at the rear.
The corner property is one block from Spring Garden and minutes from Center City, Chinatown, and major highways. Several years remain on its tax abatement.
The corner property is one block from Spring Garden and minutes from Center City, Chinatown, and major highways. Several years remain on its tax abatement.
Key Highlights
- 3,000‑square‑foot mixed‑use property built in 2020
- First‑floor office with a finished basement and two upper‑level residential units
- Rooftop balcony, high ceilings, and central heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,189
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,780
$943.8K
Cap Rate 7%
$674,129
$674.1K
Cap Rate 9%
$524,322
$524.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$91.1K $30.36/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$85.8K $28.60/SF
− OpEx
−$38.6K −$12.87/SF
NOI
$47.2K $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%
$943,780
Cap Rate 7%
$674,129
Cap Rate 9%
$524,322
Alternative Uses
Best Use
Apartment 5plus
$674.1K
$589.9K – $786.5K
NOI $47,189 @ 7.0% cap · market cap 4.29%
Second Best
Office B
$564.0K
$493.5K – $658.0K
NOI $39,479 @ 7.0% cap · market cap 3.59%
Theoretical Best
Multifamily LT 5
$731.4K
$639.9K – $853.3K
NOI $51,195 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office space, two residential units, and rear parking are combined in a recently built corner property.
Where is this mixed-use property located?
The property is located at 617 N 10th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,099,990.
What are key features of this property?
This property features: 3,000‑square‑foot mixed‑use property built in 2020; First‑floor office with a finished basement and two upper‑level residential units; Rooftop balcony, high ceilings, and central heating and cooling
