Mixed-Use Storefront and
6729 ELMWOOD Avenue Philadelphia, PA 19142
6729 ELMWOOD Avenue, Philadelphia, PA, 19142
$350,000
For Sale
$350,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,684 SF
Lot Size0.03 Acres
Price / SF$207.84
Days on Market24
Property Features for 6729 ELMWOOD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- Stove, WaterHeater
- 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
2700 S 70th Street, PHILADELPHIA, PA
Listed by
Lawrence M Eburuoh · License #RM424250
(215) 300-9121
Added: Jun 25 Checked: Jul 18 at 12:06 pm
MLS# PAPH2621740
Listing URL
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
Local Financial Insights For Multifamily LT 5
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 | $43.4k | $25.80 |
| − Vacancy | −$2.4k | −$1.42 |
| EGI | $41.1k | $24.38 |
| − OpEx | −$12.3k | −$7.31 |
| NOI | $28.7k | $17.06 |
1,684 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sweet 2 The Venue
Hotel & Motel
Similar For Sale Nearby
Similar Off Market Nearby
- Floraltology LLC. — 2601 S 63rd St, Philadelphia, PA 19142
- William Didden Flower Shop — 6401 Lindbergh Blvd., Philadelphia, PA 19142
FAQs
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
