935 Spring Garden Street Philadelphia, PA 19123
Three-story mixed-use building with street-level retail and two rental-ready apartments above.
Property Features for 935 Spring Garden Street
General Information
- Standard status
- Active
- Size
- 2,823 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing office RE/MAX Select Group (609) 304-2314
Listing date Jul 18, 2025
Source Thetristaterealestategroup
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 RE/MAX Select Group
Investment Insights
Based on property information with market context.
The building is positioned just steps from the BroadSpring Garden SEPTA station, with service via the Broad Street Line and multiple bus routes (2, 4, 16, 43, B1 OWL). It also benefits from walkable access to dining and retail along Spring Garden Street. Nearby schools mentioned include Spring Garden School (K8) and Julia R. Masterman Laboratory & Demonstration School (512).
For owner-occupants, the layout supports living above while operating retail at street level. For investors, the configuration offers two separate apartment units with kitchens and distinct bedroom counts, while retaining the convenience of an on-site commercial space. Additional mixed-use multi-family properties are also available as individual sales or as a package.
Key Highlights
- Three‑story mixed‑use building with street‑level retail plus two apartments above
- First floor: street‑facing retail space (assessor‑listed living area source noted as Assessor)
- Second floor: 2‑bedroom, 1‑bath apartment with full kitchen
Local Financial Insights For Multifamily LT 5
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 | $72.8k | $25.80 |
| − Vacancy | −$4.0k | −$1.42 |
| EGI | $68.8k | $24.38 |
| − OpEx | −$20.6k | −$7.31 |
| NOI | $48.2k | $17.06 |
