Renovated Mixed-Use
743 N 44TH STREET, Philadelphia, PA 19104
For Sale
$525,000
First-floor commercial space is paired with two upper-level apartments and on-site parking.
Property Size2,848 SF
Price / SF$184.34
Days on Market51
Property Features for 743 N 44TH STREET
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Public Transit
Utilities to Site
Additional Details
Floor
Gross Income
Building Details
Year Built
Buildings
Abandoned
Listing Agency:
Legal Real Estate LLC
(215) 965-9700
Listed By:
Katherine Mejia · License #Rss337013
(267) 269-9086
Source:
Cummingsrealtors
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 10:17AM
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 Legal Real Estate LLC
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Investment Insights
Based on property information with market context.
Located at 743 N 44TH STREET in Philadelphia, this 2,848-square-foot mixed-use building combines a first-floor office or business area with two apartments above. The property was renovated down to the studs and includes a wheelchair ramp, a garage currently used for storage, and a finished basement serving the commercial space. On-site parking is also provided.
Built in 1925, the legally zoned commercial property is fully occupied, with tenants responsible for all utilities. College campuses and Lancaster Avenue are nearby, while shopping and grocery stores are within walking distance. Center City is less than a 10-minute drive away, and nearby transportation supports access to the surrounding area.
Built in 1925, the legally zoned commercial property is fully occupied, with tenants responsible for all utilities. College campuses and Lancaster Avenue are nearby, while shopping and grocery stores are within walking distance. Center City is less than a 10-minute drive away, and nearby transportation supports access to the surrounding area.
Key Highlights
- 2,848 SF mixed‑use building with first‑floor commercial space and two upstairs apartments
- Renovated down to the studs; built in 1925
- Wheelchair ramp serves the first‑floor commercial area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,798
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,960
$896.0K
Cap Rate 7%
$639,971
$640.0K
Cap Rate 9%
$497,756
$497.8K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$86.5K $30.36/SF
− Vacancy
−$5.0K −$1.76/SF
EGI
$81.5K $28.60/SF
− OpEx
−$36.7K −$12.87/SF
NOI
$44.8K $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%
$895,960
Cap Rate 7%
$639,971
Cap Rate 9%
$497,756
Alternative Uses
Best Use
Multifamily LT 5
$694.3K
$607.5K – $810.0K
NOI $48,601 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$640.0K
$560.0K – $746.6K
NOI $44,798 @ 7.0% cap · market cap 8.53%
Theoretical Best
—
—
same as Best Use
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
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Current Use
Lease Details
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,564
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor commercial space is paired with two upper-level apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 743 N 44TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,848 SF mixed‑use building with first‑floor commercial space and two upstairs apartments; Renovated down to the studs; built in 1925; Wheelchair ramp serves the first‑floor commercial area
