Mixed-Use Retail Apartment
For Sale
$1,500,000
826 North Broad Street, Philadelphia, PA 19130
Fully occupied mixed-use building with four residential units and one ground-floor commercial space.
Property Size7,399 SF
Lot Size0.05 Acres
Price / SF$202.73
Days on Market232
Property Features for 826 North Broad Street
General Information
Standard status
Active
Size
7,399 SF
Lot size
0.05 Acres
Property subtype
Multi-Family / Fee Simple
Zoning
C4
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$16,450
Amenities
No
Kitchen - Eat-In
No Pool
Above Grade
Building Details
Year Built
2014
Tenancy
Multi
Listing Agency:
Acquisition Team LLC
Listed By:
Eugene Zlotnikov · License #RS319486
(856) 214-5397
Source:
Compass
Added: Jan 19
Changed: Aug 8
Last Checked: Jul 23 at 4:37PM
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 Acquisition Team LLC
Investment Insights
Based on property information with market context.
826 N Broad St is a fully occupied, mixed-use investment property consisting of five total units: four residential apartments and one ground-floor commercial space. The building totals approximately 7,399 SF and sits on a 2,000 SF lot.
The property is located along the North Broad Street corridor in Philadelphia. It is described as being on a highly trafficked street with strong visibility, with public transportation access and proximity to Center City and Temple University.
The building is zoned CMX-4, providing for flexible commercial and mixed-use opportunities. It is currently 100% occupied, with diversified income from the residential and ground-floor commercial components.
The property is located along the North Broad Street corridor in Philadelphia. It is described as being on a highly trafficked street with strong visibility, with public transportation access and proximity to Center City and Temple University.
The building is zoned CMX-4, providing for flexible commercial and mixed-use opportunities. It is currently 100% occupied, with diversified income from the residential and ground-floor commercial components.
Key Highlights
- Fully occupied 5‑unit mixed‑use building with 4 residential apartments and 1 ground‑floor commercial space
- Approximately 7,399 SF building on a 2,000 SF lot
- Built in 2014
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
$116,383
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
7.76%
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%
$2,327,660
$2.3M
Cap Rate 7%
$1,662,614
$1.7M
Cap Rate 9%
$1,293,144
$1.3M
Market Conditions
NOI Build-Up for 7,399 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
$224.6K $30.36/SF
− Vacancy
−$13.0K −$1.76/SF
EGI
$211.6K $28.60/SF
− OpEx
−$95.2K −$12.87/SF
NOI
$116.4K $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 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%
$2,327,660
Cap Rate 7%
$1,662,614
Cap Rate 9%
$1,293,144
Alternative Uses
Best Use
Apartment 5plus
$1.66M
$1.45M – $1.94M
NOI $116,383 @ 7.0% cap · market cap 7.76%
Second Best
Retail
$1.19M
$1.05M – $1.39M
NOI $83,625 @ 7.0% cap · market cap 5.58%
Theoretical Best
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,263 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,508
Businesses Nearby
118k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 36%
Home Improvements & Furnishings 3%
Electronics 2%
KFC
Dining
32,572 visits/mo
0.1 miles
Sunoco
Shops & Services
14,890 visits/mo
0.3 miles
Citizens Bank
Shops & Services
14,881 visits/mo
0.5 miles
Dunkin' Donuts
Dining
14,354 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,196 visits/mo
0.0 miles
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fully occupied mixed-use building with four residential units and one ground-floor commercial space.
Where is this residential income property located?
The property is located at 826 North Broad Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Fully occupied 5‑unit mixed‑use building with 4 residential apartments and 1 ground‑floor commercial space; Approximately 7,399 SF building on a 2,000 SF lot; Built in 2014
