Zoned Mixed-Use Investment
832-34 South Street Philadelphia, PA 19147
For Sale
$1,790,000
Side-by-side buildings offer two commercial spaces, nine total residential units, and gated parking, zoned CMX-2.5.
Property Size6,024 SF
Price / SF$297.14
Days on Market294
Property Features for 832-34 South Street
General Information
- Standard status
- Active
- Size
- 6,024 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Nadia Bilynsky · License #RS311101
(215) 413-4900
Source:
Xome
Added: Oct 3, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:34AM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This for-sale mixed-use property presents side-by-side buildings at 832-834 South Street with a combined commercial and residential layout. The property includes (2) commercial spaces and (9) residential units configured as four 1 bed/1 bath units and two 2 bed/1 bath units. On-site there are also 3–4 gated parking spaces.
Located along South Street in Bella Vista, the surrounding area includes established retail and financial uses, with neighboring tenants listed as Whole Foods, PNC Bank, Fine Wine and Spirits, and Bank of America.
Zoned CMX-2.5, the offering is described as turn-key and provides a built-in mix of income-producing commercial and residential space within a concentrated corridor setting.
Located along South Street in Bella Vista, the surrounding area includes established retail and financial uses, with neighboring tenants listed as Whole Foods, PNC Bank, Fine Wine and Spirits, and Bank of America.
Zoned CMX-2.5, the offering is described as turn-key and provides a built-in mix of income-producing commercial and residential space within a concentrated corridor setting.
Key Highlights
- Side‑by‑side buildings at 832‑834 South Street with combined 36 ft of frontage
- Zoned CMX‑2.5 with two commercial spaces and a mix of 1‑bed/1‑bath and 2‑bed/1‑bath units
- Gated parking available for 3‑4 vehicles
Financial Insights For Apartment 5plus
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 | $182.9k | $30.36 |
| − Vacancy | −$10.6k | −$1.76 |
| EGI | $172.3k | $28.60 |
| − OpEx | −$77.5k | −$12.87 |
| NOI | $94.8k | $15.73 |
6,024 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,755 @ 7.0% cap · market cap 5.29%
Second Best
Retail
$972.6K
$851.1K – $1.13M
NOI $68,084 @ 7.0% cap · market cap 3.80%
Theoretical Best
Multifamily LT 5
$1.47M
$1.28M – $1.71M
NOI $102,799 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Apartment building - Side-by-side buildings offer two commercial spaces, nine total residential units, and gated parking, zoned CMX-2.5.
Where is this apartment building located?
The property is located at 832-34 South Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Side‑by‑side buildings at 832‑834 South Street with combined 36 ft of frontage; Zoned CMX‑2.5 with two commercial spaces and a mix of 1‑bed/1‑bath and 2‑bed/1‑bath units; Gated parking available for 3‑4 vehicles
