Mixed-Use Property with Retail
For Sale
$779,000
933 SPRING GARDEN STREET, Philadelphia, PA 19123
Street-level commercial space is paired with an upper-floor residence featuring two full kitchens.
Property Size2,304 SF
Days on Market75
Property Features for 933 SPRING GARDEN STREET
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Triplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,111
Building Details
Building Size
2,304 SF
Year Built
1915
Buildings
1
Stories
3
Listing Agency:
Mercury Real Estate Group
Listed By:
Michael J Moss · License #RS286764
(215) 416-3980
Source:
Patmckennarealtors
Added: Aug 6
Changed: Oct 7
Last Checked: Oct 16 at 3:00PM
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 Mercury Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1915, this mixed-use property combines a first-floor retail area with residential space across the second and third floors. The residence includes four bedrooms, two bathrooms, and two full kitchens, providing a flexible configuration for household or rental arrangements. Generous room proportions and abundant natural light are noted throughout the upper-level living areas.
The property is located at 933 Spring Garden Street in Philadelphia, near the Broad St-Spring Garden Subway station. Dining and downtown amenities are also identified in the surrounding area, with transit access supporting the property's combined commercial and residential layout.
The property is located at 933 Spring Garden Street in Philadelphia, near the Broad St-Spring Garden Subway station. Dining and downtown amenities are also identified in the surrounding area, with transit access supporting the property's combined commercial and residential layout.
Key Highlights
- First‑floor retail space with upper‑level residential component
- Four‑bedroom, two‑bath residence across the second and third floors
- Two full kitchens in the residential portion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,241
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,820
$724.8K
Cap Rate 7%
$517,729
$517.7K
Cap Rate 9%
$402,678
$402.7K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$69.9K $30.36/SF
− Vacancy
−$4.1K −$1.76/SF
EGI
$65.9K $28.60/SF
− OpEx
−$29.7K −$12.87/SF
NOI
$36.2K $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%
$724,820
Cap Rate 7%
$517,729
Cap Rate 9%
$402,678
Alternative Uses
Best Use
Apartment 5plus
$517.7K
$453.0K – $604.0K
NOI $36,241 @ 7.0% cap · market cap 4.65%
Second Best
Mixed Use
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 3.51%
Theoretical Best
Multifamily LT 5
$561.7K
$491.5K – $655.3K
NOI $39,318 @ 7.0% cap · market cap 5.05%
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
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,087
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 53%
Shops & Services 18%
Dining 16%
Hotels & Casinos 9%
Target
Superstores
43,947 visits/mo
0.3 miles
Best Western Plus Philadelphia Convention Center Hotel
Hotels & Casinos
7,284 visits/mo
0.5 miles
Starbucks
Dining
6,781 visits/mo
0.5 miles
Dunkin' Donuts
Dining
6,253 visits/mo
0.5 miles
Gulf Oil
Shops & Services
4,681 visits/mo
0.2 miles
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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 Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space is paired with an upper-floor residence featuring two full kitchens.
Where is this mixed-use property located?
The property is located at 933 SPRING GARDEN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: First‑floor retail space with upper‑level residential component; Four‑bedroom, two‑bath residence across the second and third floors; Two full kitchens in the residential portion
