Mixed-Use Property with
6368 Germantown Avenue, Philadelphia, PA 19144
For Sale
New
$525,000
An attached professional workspace accompanies a three-bedroom residence and includes separate office rooms and a half bath.
Property Size2,419 SF
Price / SF$217.03
Days on Market5
Property Features for 6368 Germantown Avenue
General Information
Standard status
Size
Total Parking Spaces
Zoning
Site & Location
Neighborhood
Public Transit
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
Fully Carpeted,Vinyl,Wood
Natural Gas
Yes
3
Other
Public
E58
IRR
0.04
No
Estimated
Driveway,Other
Stone
2419.00
3600.00
Building Details
Building Size
Year Built
Listing Agency:
Elfant Wissahickon-Chestnut Hill
(215) 247-3600
Listed By:
Rachel J Reilly · License PA RS292320
(215) 868-5972
Source:
Mullenrealty
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 8 at 8:00PM
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 Elfant Wissahickon-Chestnut Hill
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Investment Insights
Based on property information with market context.
This mixed-use property pairs a fieldstone Victorian residence, dating to 1883, with an attached office. The home has three bedrooms and 1.5 bathrooms; its additions include a large kitchen and dining area. The office layout comprises four enclosed rooms, two open areas, and a separate half bath. Improvements include a heat pump, mini-split systems, a tankless water heater, new roofs, and an updated facade.
A private driveway accommodates up to five vehicles, with additional space in a two-car carport. The property is served by the 23 bus line, with the 71 route nearby and Chestnut Hill West regional rail about a 15-minute walk away. Weavers Way Co-op is close by, and the Wissahickon is accessible by bicycle.
A private driveway accommodates up to five vehicles, with additional space in a two-car carport. The property is served by the 23 bus line, with the 71 route nearby and Chestnut Hill West regional rail about a 15-minute walk away. Weavers Way Co-op is close by, and the Wissahickon is accessible by bicycle.
Key Highlights
- Attached office has four enclosed rooms, two open areas, and a separate half bath
- 1883 fieldstone residence with 3 bedrooms and 1.5 bathrooms
- Driveway parking for up to 5 vehicles, plus a 2‑car carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,833
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,660
$636.7K
Cap Rate 7%
$454,757
$454.8K
Cap Rate 9%
$353,700
$353.7K
Market Conditions
NOI Build-Up for 2,419 SF
Gross rent
$53.1K $21.96/SF
− Vacancy
−$10.7K −$4.41/SF
EGI
$42.4K $17.55/SF
− OpEx
−$10.6K −$4.39/SF
NOI
$31.8K $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 Rate 5%
$636,660
Cap Rate 7%
$454,757
Cap Rate 9%
$353,700
Alternative Uses
Best Use
Office B
$454.8K
$397.9K – $530.6K
NOI $31,833 @ 7.0% cap · market cap 6.06%
Second Best
Mixed Use
$410.5K
$359.2K – $479.0K
NOI $28,738 @ 7.0% cap · market cap 5.47%
Theoretical Best
Multifamily LT 5
$589.7K
$516.0K – $688.0K
NOI $41,280 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
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Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - An attached professional workspace accompanies a three-bedroom residence and includes separate office rooms and a half bath.
Where is this mixed-use property located?
The property is located at 6368 Germantown Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Attached office has four enclosed rooms, two open areas, and a separate half bath; 1883 fieldstone residence with 3 bedrooms and 1.5 bathrooms; Driveway parking for up to 5 vehicles, plus a 2‑car carport
