Bi-Level Residential Income
For Sale
$1,200,000
626 S 7TH STREET, Philadelphia, PA 19147
Multiple units, CMX2 zoning, and an attached private garage define this Philadelphia property.
Property Size2,720 SF
Price / SF$441.18
Days on Market104
Property Features for 626 S 7TH STREET
General Information
Standard status
Active
Size
2,720 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
CMX2
Site & Location
Neighborhood
East Poplar
Taxes and HOA fees
Annual Taxes
$7,404
Amenities
Multi Units, Window Unit(s), Ductless, Wall Unit(s), Electric
Electric, Baseboard
Gas Water Heater
Cedar Closet(s), Other, Beamed Ceilings, Open Floorplan
Garage Door Opener, Private, Garage, Covered, Inside Entrance, Attached
Bi-level
Building Details
Building Size
2,720 SF
Year Built
1976
Listing Agency:
Serhant
Listed By:
Jennifer Rhee · License #RS333583
(267) 266-7044
Source:
Evrealestate
Added: Jul 19
Changed: Oct 25
Last Checked: Oct 30 at 2:23PM
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 Serhant
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Investment Insights
Based on property information with market context.
This bi-level residential income property includes multiple units and an attached private garage with a covered configuration, garage door opener, and inside entrance. Interior features include window, ductless, and wall-mounted air-conditioning units, along with electric baseboard heating, a gas water heater, cedar closet(s), beamed ceilings, and an open floorplan. The property was built in 1976.
Located at the northwest corner of S 7th Street and Bainbridge Street in Philadelphia, the property carries CMX2 zoning. Its combination of multi-unit configuration, varied interior systems, and attached garage creates a distinct residential income asset within the city.
Located at the northwest corner of S 7th Street and Bainbridge Street in Philadelphia, the property carries CMX2 zoning. Its combination of multi-unit configuration, varied interior systems, and attached garage creates a distinct residential income asset within the city.
Key Highlights
- Multiple‑unit residential income property
- Bi‑level configuration with attached private garage
- Garage includes covered access, opener, and inside entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,784
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,680
$855.7K
Cap Rate 7%
$611,200
$611.2K
Cap Rate 9%
$475,378
$475.4K
Market Conditions
NOI Build-Up for 2,720 SF
Gross rent
$82.6K $30.36/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$77.8K $28.60/SF
− OpEx
−$35.0K −$12.87/SF
NOI
$42.8K $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%
$855,680
Cap Rate 7%
$611,200
Cap Rate 9%
$475,378
Alternative Uses
Best Use
Apartment 5plus
$611.2K
$534.8K – $713.1K
NOI $42,784 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$663.1K
$580.2K – $773.6K
NOI $46,417 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,796
Businesses Nearby
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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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Frequently Asked Questions
What type of property is this?
Residential income property - Multiple units, CMX2 zoning, and an attached private garage define this Philadelphia property.
Where is this residential income property located?
The property is located at 626 S 7TH STREET 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: Multiple‑unit residential income property; Bi‑level configuration with attached private garage; Garage includes covered access, opener, and inside entrance
