Two-Building Office and Residential
6721 Elmwood Avenue Philadelphia, PA 19142
6721 Elmwood Avenue, Philadelphia, PA, 19142
$700,000
For Sale
$700,000
Two connected buildings feature office-ready rooms with powder rooms and three apartments on the second floor.
Property Size4,440 SF
Price / SF$157.66
Days on Market197
Property Features for 6721 Elmwood Avenue
General Information
- Standard status
- Active
- Size
- 4,440 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
George A Moscony Real Estate
(215) 365-6030
Listed by
George Moscony · License #RM061062A
(215) 365-6030
Source
Xome
Added: Jan 7 Updated: Jul 21 at 5:00PM Checked: Jul 22 at 3:51AM
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 George A Moscony Real Estate
Investment Insights
Based on property information with market context.
This property includes two buildings together at 6721 and 6723 Elmwood Avenue. The available office/store layout includes two large rooms combined with two powder rooms and space for a kitchen. The second floor contains three apartments total.
The listing is offered for sale. The property is positioned along Elmwood Avenue in Philadelphia, PA, and is presented as an opportunity for store and office use.
Overall, the configuration provides a mix of commercial space on the primary level and multiple residential units on the second floor, with the two buildings functioning as a single offering.
The listing is offered for sale. The property is positioned along Elmwood Avenue in Philadelphia, PA, and is presented as an opportunity for store and office use.
Overall, the configuration provides a mix of commercial space on the primary level and multiple residential units on the second floor, with the two buildings functioning as a single offering.
Key Highlights
- Two connected buildings at 6721 and 6723 Elmwood Ave
- Office/store portion includes 2 large rooms plus 2 powder rooms and room for a kitchen
- Second floor has 3 apartments total
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.5k | $21.96 |
| − Vacancy | −$19.6k | −$4.41 |
| EGI | $77.9k | $17.55 |
| − OpEx | −$19.5k | −$4.39 |
| NOI | $58.4k | $13.16 |
4,440 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$947.1K – $1.26M
NOI $75,768 @ 7.0% cap · market cap 10.82%
Second Best
Apartment 5plus
$997.7K
$873.0K – $1.16M
NOI $69,839 @ 7.0% cap · market cap 9.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two connected buildings feature office-ready rooms with powder rooms and three apartments on the second floor.
Where is this office units located?
The property is located at 6721 Elmwood Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two connected buildings at 6721 and 6723 Elmwood Ave; Office/store portion includes 2 large rooms plus 2 powder rooms and room for a kitchen; Second floor has 3 apartments total
