Building Details

Year Built 1915

Tenancy Multi

Listing Agency: Perfect Place Real Estate Co.

Listed By: Ama Addo · License #RS363827 Show Phone

Source: Viewmarylandhomesforsale

Added: Oct 2 Changed: Oct 10 Last Checked: Oct 11 at 6:26AM

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Investment Insights

Based on property information with market context.

This 1,878-square-foot mixed-use property was built in 1915. Its ground floor contains a commercial unit, while the second floor is residential; both spaces are occupied. One unit has been renovated.

The property is on Woodland Avenue in Philadelphia, within a commercial corridor.

Key Highlights

• 1,878‑square‑foot mixed‑use property
• Occupied commercial unit on the first floor
• Second‑floor residential unit is occupied

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,540

Cap Rate

8.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$590,800 $590.8K

Cap Rate 7%

$422,000 $422.0K

Cap Rate 9%

$328,222 $328.2K

Market Conditions

NOI Build-Up for 1,878 SF

Gross rent

$57.0K $30.36/SF

− Vacancy

−$3.3K −$1.76/SF

EGI

$53.7K $28.60/SF

− OpEx

−$24.2K −$12.87/SF

NOI

$29.5K $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%

$590,800

Cap Rate 7%

$422,000

Cap Rate 9%

$328,222

Alternative Uses

Best Use

Apartment 5plus

$422.0K

$369.3K – $492.3K (±1% cap)

NOI $29,540 @ 7.0% cap · market cap 8.44%

Second Best

Mixed Use

$318.7K

$278.9K – $371.9K (±1% cap)

NOI $22,311 @ 7.0% cap · market cap 6.37%

Theoretical Best

Multifamily LT 5

$457.8K

$400.6K – $534.1K (±1% cap)

NOI $32,048 @ 7.0% cap · market cap 9.16%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Mullen & Mullen Law Firm

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,336

Businesses Nearby

31k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 65% Dining 35%

Dollar General Shops & Services

13,016 visits/mo 0.4 miles

Dunkin' Donuts Dining

10,860 visits/mo 0.4 miles

M&T Bank Shops & Services

2,918 visits/mo 0.3 miles

H&R Block Shops & Services

2,470 visits/mo 0.3 miles

CubeSmart Self Storage Shops & Services

1,182 visits/mo 0.4 miles

Demographics for 19142, PA

29,565

Population

12,943

Households

2.3

Avg Household Size

33

Median Age

13%

College-Educated

82%

High-School Grad

1.7 sq mi

ZIP Area

17,391

Density / Sq Mi

$42,812

Median Household Income

$32,763

Median Earnings

$1,269

Median Rent

$110,400

Median Home Value

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Both the ground-floor commercial space and upper-level residence are occupied.

Where is this mixed-use property located?

The property is located at 6542 Woodland Ave Philadelphia, PA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 1,878‑square‑foot mixed‑use property; Occupied commercial unit on the first floor; Second‑floor residential unit is occupied