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 Market38
Property Features for 6729 Elmwood Ave
General Information
Standard status
Active
Size
1,684 SF
Property subtype
Residential Income
Building Details
Buildings
1
Listing Agency:
Nova Realty, LLC
(215) 300-9121
Listed By:
Lawrence M Eburuoh · License #RM424250
(215) 300-9121
Source:
Exprealty
Added: Jun 25
Changed: Jul 31
Last Checked: Jul 31 at 1:28PM
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
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 For Apartment 5plus
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 | $51.1k | $30.36 |
| − Vacancy | −$3.0k | −$1.76 |
| EGI | $48.2k | $28.60 |
| − OpEx | −$21.7k | −$12.87 |
| NOI | $26.5k | $15.73 |
1,684 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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.
Property 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
$110,400
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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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
