Mixed-Use Storefront
For Sale
$350,000
6729 Elmwood Ave, Philadelphia, PA 19142
Finished basement and separate-entry upper level support distinct commercial and residential configurations.
Property Size1,684 SF
Price / SF$207.84
Days on Market93
Property Features for 6729 Elmwood Ave
General Information
Standard status
Active
Size
1,684 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Southwest Philadelphia
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Nova Realty, LLC
Listed By:
Lawrence M Eburuoh · License #RM424250
(215) 300-9121
Source:
Upgradebymichaud
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 28 at 11:52AM
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 Nova Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use storefront property features a fully finished ground floor configured as a large open retail or office space. The basement adds another large open area, an additional room, half bathroom, and storage space. The upper level has a separate entrance and includes two bedrooms, a generous living room, full bathroom, and kitchen.
The building includes separate central air conditioning on each unit, a heat pump, and separate utilities. The roof was replaced 3 months ago. The property is currently empty and available for showing through a lockbox.
The building includes separate central air conditioning on each unit, a heat pump, and separate utilities. The roof was replaced 3 months ago. The property is currently empty and available for showing through a lockbox.
Key Highlights
- Ground floor includes a large finished retail or office space
- Finished basement with large open area, additional room, half bathroom, and storage
- Upper level has a separate entrance, 2 bedrooms, living room, full bathroom, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,489
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,780
$529.8K
Cap Rate 7%
$378,414
$378.4K
Cap Rate 9%
$294,322
$294.3K
Market Conditions
NOI Build-Up for 1,684 SF
Gross rent
$51.1K $30.36/SF
− Vacancy
−$3.0K −$1.76/SF
EGI
$48.2K $28.60/SF
− OpEx
−$21.7K −$12.87/SF
NOI
$26.5K $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%
$529,780
Cap Rate 7%
$378,414
Cap Rate 9%
$294,322
Alternative Uses
Best Use
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,489 @ 7.0% cap · market cap 7.57%
Second Best
Office B
$316.6K
$277.0K – $369.4K
NOI $22,161 @ 7.0% cap · market cap 6.33%
Theoretical Best
Multifamily LT 5
$410.5K
$359.2K – $479.0K
NOI $28,737 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Finished basement and separate-entry upper level support distinct commercial and residential configurations.
Where is this mixed-use property located?
The property is located at 6729 Elmwood 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: Ground floor includes a large finished retail or office space; Finished basement with large open area, additional room, half bathroom, and storage; Upper level has a separate entrance, 2 bedrooms, living room, full bathroom, and kitchen
