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 Market49
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
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 PENNSYLVANIA LLC
Listed By:
Jennifer Rhee · License #RS333583
(267) 266-7044
Source:
Evrealestate
Added: Jul 19
Changed: Sep 5
Last Checked: Sep 5 at 5:47AM
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 PENNSYLVANIA LLC
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,784
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,796
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
Questions? Ask Rey
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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
