Mixed-Use Property with
For Sale
$639,900
904 S 8TH ST, Philadelphia, PA 19147
Three-level building combines a vacant ground-floor office with two one-bedroom apartments.
Property Size2,700 SF
Price / SF$237
Days on Market75
Property Features for 904 S 8TH ST
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Italian Market
Utilities to Site
Yes
Additional Details
Floor
First Floor
Office Units
1
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Mario J Tropea Jr · License #AB062206L
(215) 783-3698
Source:
Sandrasellstheshore
Added: Aug 12
Changed: Oct 5
Last Checked: Oct 24 at 5:03PM
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
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Investment Insights
Based on property information with market context.
This 2,700-square-foot mixed-use property has a storefront and office component on the first floor, which is currently vacant. The upper levels provide two separate one-bedroom apartments, each with a modern bathroom and kitchen. Separate utilities serve the property.
Located at 904 S 8th St in Philadelphia’s Italian Market area, the building offers a combination of commercial and residential space within a three-level configuration. The property includes a two-family dwelling above the ground-floor office use, creating distinct spaces across the building.
Located at 904 S 8th St in Philadelphia’s Italian Market area, the building offers a combination of commercial and residential space within a three-level configuration. The property includes a two-family dwelling above the ground-floor office use, creating distinct spaces across the building.
Key Highlights
- 2,700 SF mixed‑use building at 904 S 8th St, Philadelphia, PA
- Ground‑floor storefront and office space is currently vacant
- Two one‑bedroom apartments occupy the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,075
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,500
$921.5K
Cap Rate 7%
$658,214
$658.2K
Cap Rate 9%
$511,944
$511.9K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$69.7K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.8K $24.38/SF
− OpEx
−$19.7K −$7.31/SF
NOI
$46.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$921,500
Cap Rate 7%
$658,214
Cap Rate 9%
$511,944
Alternative Uses
Best Use
Multifamily LT 5
$658.2K
$575.9K – $767.9K
NOI $46,075 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,470 @ 7.0% cap · market cap 6.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level building combines a vacant ground-floor office with two one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 904 S 8TH ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $639,900.
What are key features of this property?
This property features: 2,700 SF mixed‑use building at 904 S 8th St, Philadelphia, PA; Ground‑floor storefront and office space is currently vacant; Two one‑bedroom apartments occupy the second and third floors
