Mixed-Use Storefront and
For Sale
$350,000
6729 ELMWOOD Avenue, Philadelphia, PA 19142
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,684 SF
Lot Size0.03 Acres
Price / SF$207.84
Days on Market48
Property Features for 6729 ELMWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Appliances
Stove, WaterHeater
Subdivision
ELMWOOD PARK
High school
BATRAM
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,684 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1527
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Number of units
2
Building materials
Block, Brick, Concrete, Masonry, Stone, Stucco
Listing Agency:
Nova Realty, LLC
(215) 365-8200
Listed By:
Lawrence M Eburuoh · License #RM424250
(215) 300-9121
Added: Jun 25
Last Checked: Aug 11 at 6:06PM
MLS# PAPH2621740
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes a storefront-style ground floor with a large, fixed up open space that can serve as retail or office use. A fully finished basement adds additional large open space, a separate room, a half bathroom, and storage. Upstairs, a second, separate entrance leads to two large bedrooms, a generous living room, a full bathroom, and a kitchen.
The property is located at 6729 ELMWOOD Avenue in Philadelphia, PA 19142. The roof was replaced approximately three months ago. The building is currently empty, and the listing indicates it is on a lockbox for convenient showings.
From an operator’s perspective, the layout supports two distinct living/working components under separate entries, including independent central air conditioning for each unit along with heat pump systems and separate utilities. This configuration can be useful for tenants looking for space that can accommodate commercial activity on the ground level while maintaining a separate residential setup above, or for buyers seeking to manage multiple income streams within one building.
The property is located at 6729 ELMWOOD Avenue in Philadelphia, PA 19142. The roof was replaced approximately three months ago. The building is currently empty, and the listing indicates it is on a lockbox for convenient showings.
From an operator’s perspective, the layout supports two distinct living/working components under separate entries, including independent central air conditioning for each unit along with heat pump systems and separate utilities. This configuration can be useful for tenants looking for space that can accommodate commercial activity on the ground level while maintaining a separate residential setup above, or for buyers seeking to manage multiple income streams within one building.
Key Highlights
- Roof replaced about 3 months ago
- Large finished basement with open space, half bathroom, and storage
- Ground‑floor storefront with finished retail or office space and open layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,737
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,740
$574.7K
Cap Rate 7%
$410,529
$410.5K
Cap Rate 9%
$319,300
$319.3K
Market Conditions
NOI Build-Up for 1,684 SF
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.
Gross rent
$43.4K $25.80/SF
− Vacancy
−$2.4K −$1.42/SF
EGI
$41.1K $24.38/SF
− OpEx
−$12.3K −$7.31/SF
NOI
$28.7K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,740
Cap Rate 7%
$410,529
Cap Rate 9%
$319,300
Alternative Uses
Best Use
Multifamily LT 5
$410.5K
$359.2K – $479.0K
NOI $28,737 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,489 @ 7.0% cap · market cap 7.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,315
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor retail or office space plus a finished basement and two-bedroom upper unit with separate HVAC and utilities.
Where is this storefront property located?
The property is located at 6729 ELMWOOD Avenue 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: Roof replaced about 3 months ago; Large finished basement with open space, half bathroom, and storage; Ground‑floor storefront with finished retail or office space and open layout
