Mixed-Use Multifamily
806 N Broad St Philadelphia, PA 19130
New
806 N Broad St, Philadelphia, PA, 19130
$2,350,000
For Sale
$2,350,000
Five three-bedroom and four two-bedroom apartments plus first-floor commercial space, with coin-operated laundry and a roof deck.
Property Size16,902 SF
Price / SF$139.04
Days on Market3
Property Features for 806 N Broad St
General Information
- Standard status
- Active
- Size
- 16,902 SF
Building Details
- Year Built
- 1920
Listing agency
KW Empower
(267) 616-9492
Listed by
Moussa Lamah
Source
Kandorre
Added: Jul 21 Checked: Jul 23 at 5:14AM
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 KW Empower
Investment Insights
Based on property information with market context.
This mixed-use property includes five three-bedroom apartments and four two-bedroom apartments, along with a commercial space on the first floor. The building was renovated a few years ago, and the apartments feature stainless-steel appliances, spacious bedrooms with natural light, and updated bathrooms. Coin-operated washers and dryers are located in common areas, and the property also offers an expansive roof deck.
The building is described as being within walking distance of CCP and Temple University, and a short walk from Center City. The surrounding area includes restaurants and shops, with access to public transportation and major roadways including the subway, major bus lines, I-95, and I-76.
With its combined residential and street-level commercial component plus shared laundry and an amenity roof deck, the property is positioned as an income-oriented mixed-use asset in a highly sought-after neighborhood.
The building is described as being within walking distance of CCP and Temple University, and a short walk from Center City. The surrounding area includes restaurants and shops, with access to public transportation and major roadways including the subway, major bus lines, I-95, and I-76.
With its combined residential and street-level commercial component plus shared laundry and an amenity roof deck, the property is positioned as an income-oriented mixed-use asset in a highly sought-after neighborhood.
Key Highlights
- Five 3‑bedroom apartments plus four 2‑bedroom apartments, and a commercial space on the first floor
- Renovated in the last few years with modern finishes including stainless‑steel appliances and updated bathrooms
- Coin‑operated washers and dryers provided in common areas
Local Financial Insights For Retail
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 | $304.2k | $18.00 |
| − Vacancy | −$31.3k | −$1.85 |
| EGI | $272.9k | $16.15 |
| − OpEx | −$81.9k | −$4.84 |
| NOI | $191.0k | $11.30 |
16,902 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$3.80M
$3.32M – $4.43M
NOI $265,860 @ 7.0% cap · market cap 11.31%
Second Best
Retail
$2.73M
$2.39M – $3.18M
NOI $191,030 @ 7.0% cap · market cap 8.13%
Theoretical Best
Multifamily LT 5
$4.12M
$3.61M – $4.81M
NOI $288,431 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LibertyX Bitcoin ATM
Atm
J'Luxe Beauty Studio ...
Hair Salon
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FAQs
What type of property is this?
Apartment building - Five three-bedroom and four two-bedroom apartments plus first-floor commercial space, with coin-operated laundry and a roof deck.
Where is this apartment building located?
The property is located at 806 N Broad St Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Five 3‑bedroom apartments plus four 2‑bedroom apartments, and a commercial space on the first floor; Renovated in the last few years with modern finishes including stainless‑steel appliances and updated bathrooms; Coin‑operated washers and dryers provided in common areas
