Brick Mixed-Use Building with
For Sale
Contact for pricing
626 South 10th Street, Philadelphia, PA 19147
Three-story brick property combines a lower-level early educational tenant with four apartments upstairs.
Property Size4,256 SF
Price / SF$373.59
Days on Market56
Property Features for 626 South 10th Street
General Information
Standard status
Active
Size
4,256 SF
Class
B
Property subtype
Retail, Multifamily, Mixed Use
Zoning
CMX-1 -COMMERCIAL MIXED USE
Additional Details
Multifamily Units
4
Building Details
Year Built
1925
Stories
3
Units
4
Listing Agency:
Scott Realty Group LLC
Listed By:
David Ruffini · License #PA RS177037L
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 3:23AM
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 Scott Realty Group LLC
Investment Insights
Based on property information with market context.
This brick, three-story building totals approximately 4,256 SF and is configured as a mixed-use property. The lower level is occupied by an early educational tenant, while floors 2 and 3 contain four apartments. The overall design supports two distinct income streams within one structure.
The property is located at 626 South 10th Street in Philadelphia, PA 19147. With the educational use on the ground floor and residences above, the layout is built for day-to-day separation of tenant functions while keeping the building under one ownership.
For investors and owner-users, this setup may appeal to buyers looking for a multi-family asset with a dedicated lower-level educational tenant. The combination of an operating tenant on the ground floor and four apartment units on the upper floors can support diversified occupancy within the same address. Please note that provided information describes the existing tenant on the lower level and the presence of four apartments, but does not specify lease terms or unit mix beyond the count.
The property is located at 626 South 10th Street in Philadelphia, PA 19147. With the educational use on the ground floor and residences above, the layout is built for day-to-day separation of tenant functions while keeping the building under one ownership.
For investors and owner-users, this setup may appeal to buyers looking for a multi-family asset with a dedicated lower-level educational tenant. The combination of an operating tenant on the ground floor and four apartment units on the upper floors can support diversified occupancy within the same address. Please note that provided information describes the existing tenant on the lower level and the presence of four apartments, but does not specify lease terms or unit mix beyond the count.
Key Highlights
- Three‑story brick building built in 1925
- Approx. 4,256 SF three‑story structure
- Lower level leased to an early educational tenant
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
$72,628
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
4.57%
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%
$1,452,560
$1.5M
Cap Rate 7%
$1,037,543
$1.0M
Cap Rate 9%
$806,978
$807.0K
Market Conditions
NOI Build-Up for 4,256 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
$109.8K $25.80/SF
− Vacancy
−$6.1K −$1.42/SF
EGI
$103.8K $24.38/SF
− OpEx
−$31.1K −$7.31/SF
NOI
$72.6K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,452,560
Cap Rate 7%
$1,037,543
Cap Rate 9%
$806,978
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$907.9K – $1.21M
NOI $72,628 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$956.4K
$836.8K – $1.12M
NOI $66,945 @ 7.0% cap · market cap 4.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
11,724
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 Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three-story brick property combines a lower-level early educational tenant with four apartments upstairs.
Where is this quadplex located?
The property is located at 626 South 10th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Three‑story brick building built in 1925; Approx. 4,256 SF three‑story structure; Lower level leased to an early educational tenant
