Mixed-Use Corner Property with
For Sale
$1,200,000
626 S 7TH Street, Philadelphia, PA 19147
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,720 SF
Lot Size0.04 Acres
Price / SF$441.18
Days on Market47
Property Features for 626 S 7TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
1
Parking features
Garage - Attached
Interior features
Bathroom - Tub Shower, Cedar Closet(s), Exposed Beams, Floor Plan - Open, Skylight(s), Spiral Staircase, Window Treatments, Wood Floors
Elementary school
WILLIAM M. MEREDITH SCHOOL
Middle school
WILLIAM M. MEREDITH
High school
FURNESS HORACE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,720 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7404
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Multi Units, Window Unit(s), Ductless, Wall Unit(s)
Building Details
Year built
1976
Floors in Building
2
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
SERHANT PENNSYLVANIA LLC
(610) 635-9977
Listed By:
Jennifer Rhee · License #RS333583
(267) 266-7044
Added: Jul 11
Changed: Jul 13
Last Checked: Aug 26 at 6:06AM
MLS# PAPH2646856
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use corner property combines a significantly improved ground-floor commercial space with an attached garage and an upstairs bi-level residence. The residence includes one bedroom plus loft space, 1.5 baths, a dedicated laundry room, in-unit laundry, access to two private roof decks, two fireplaces, and a separate storage area that may be built out as additional living space, with a separate entry.
The property is located on a high-traffic corner in Philadelphia and is described as exceptionally maintained. The commercial space includes interior access to the attached garage.
As presented, the offering includes the existing units as-is or as a renovation opportunity. There is also potential for development of two additional residential apartments as permitted by right.
The property is located on a high-traffic corner in Philadelphia and is described as exceptionally maintained. The commercial space includes interior access to the attached garage.
As presented, the offering includes the existing units as-is or as a renovation opportunity. There is also potential for development of two additional residential apartments as permitted by right.
Key Highlights
- Mixed‑use corner property with 2 commercial/residential spaces: one improved commercial space and one custom 1‑bedroom + loft bi‑level residence
- Upstairs SKY HOUSE features 1 bed, 1.5 baths, in‑unit laundry (dedicated laundry room), two roof decks, and two fireplaces
- Residence includes a loft plus a separate storage area that may be built out for additional living space
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
$35,794
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
2.98%
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%
$715,880
$715.9K
Cap Rate 7%
$511,343
$511.3K
Cap Rate 9%
$397,711
$397.7K
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
$59.7K $21.96/SF
− Vacancy
−$12.0K −$4.41/SF
EGI
$47.7K $17.55/SF
− OpEx
−$11.9K −$4.39/SF
NOI
$35.8K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$715,880
Cap Rate 7%
$511,343
Cap Rate 9%
$397,711
Alternative Uses
Best Use
Office B
$511.3K
$447.4K – $596.6K
NOI $35,794 @ 7.0% cap · market cap 2.98%
Second Best
Mixed Use
$461.6K
$403.9K – $538.6K
NOI $32,314 @ 7.0% cap · market cap 2.69%
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
10,003
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
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use property with an improved ground-floor commercial space and an upstairs 1-bedroom bi-level residence with private outdoor space.
Where is this live-work space 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: Mixed‑use corner property with 2 commercial/residential spaces: one improved commercial space and one custom 1‑bedroom + loft bi‑level residence; Upstairs SKY HOUSE features 1 bed, 1.5 baths, in‑unit laundry (dedicated laundry room), two roof decks, and two fireplaces; Residence includes a loft plus a separate storage area that may be built out for additional living space
