Mixed-Use Property with Rooftop
New
For Sale
$1,200,000
617 N 10TH STREET Unit C, Philadelphia, PA 19123
A first-floor office and two upper-level residences are complemented by a finished basement and three rear parking spaces.
Property Size3,000 SF
Days on Market7
Property Features for 617 N 10TH STREET Unit C
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
3
Property subtype
MixedUse
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,116
Amenities
rooftop balcony
central heating and cooling
Building Details
Building Size
3,000 SF
Year Built
2020
Buildings
1
Listing Agency:
Home Vista Realty
Listed By:
YanLing Zhang · License #RB069036
(215) 500-0569
Source:
Patmckennarealtors
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 7:11AM
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 Home Vista Realty
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Investment Insights
Based on property information with market context.
Completed in 2020, this corner mixed-use property combines a first-floor office with a finished basement and two residential units on the upper levels. A rooftop balcony, high ceilings, abundant natural light, and central heating and cooling serve the building. Three parking spaces are located behind the property.
The property is one block from Spring Garden and minutes from Center City, Chinatown, and major highways. Several years remain in the tax abatement period.
The property is one block from Spring Garden and minutes from Center City, Chinatown, and major highways. Several years remain in the tax abatement period.
Key Highlights
- Built in 2020 with a first‑floor office, finished basement, and two upper‑level residential units
- Rooftop balcony, high ceilings, and natural light
- Central heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,189
Cap Rate
3.93%
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 3.93%
Second Best
Mixed Use
$509.1K
$445.5K – $594.0K
NOI $35,640 @ 7.0% cap · market cap 2.97%
Theoretical Best
Multifamily LT 5
$731.4K
$639.9K – $853.3K
NOI $51,195 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A first-floor office and two upper-level residences are complemented by a finished basement and three rear parking spaces.
Where is this mixed-use property located?
The property is located at 617 N 10TH STREET Unit C Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Built in 2020 with a first‑floor office, finished basement, and two upper‑level residential units; Rooftop balcony, high ceilings, and natural light; Central heating and cooling
