Building Details

Year Built 1920

Buildings 1

Stories 3

Construction masonry

Tenancy Multi

Listing Agency: Panphil Realty, LLC Show Phone

Listed By: Meng Z Wu · License #RS365029 Show Phone

Source: Exprealty

Added: Oct 13 Changed: Oct 23 Last Checked: Oct 23 at 4:06PM

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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 Panphil Realty, LLC

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Investment Insights

Based on property information with market context.

This three-story mixed-use building was constructed in 1920 and contains 5,475 square feet on a 0.04-acre lot. It includes four apartments, each with an in-unit washer and dryer; all four units share the same layout. The property has CMX-4 zoning and no on-site parking.

Located on W Girard Ave between N 13th and N 14th streets, the building is served by SEPTA Girard Ave trolley and bus routes. Broad Street is nearby, and I-676 is minutes away.

Key Highlights

• 5,475‑square‑foot, three‑story building constructed in 1920
• Four apartments with the same layout; each has an in‑unit washer and dryer
• 0.04‑acre lot with CMX‑4 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,119

Cap Rate

7.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,722,380 $1.7M

Cap Rate 7%

$1,230,271 $1.2M

Cap Rate 9%

$956,878 $956.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,475 SF

Gross rent

$166.2K $30.36/SF

− Vacancy

−$9.6K −$1.76/SF

EGI

$156.6K $28.60/SF

− OpEx

−$70.5K −$12.87/SF

NOI

$86.1K $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%

$1,722,380

Cap Rate 7%

$1,230,271

Cap Rate 9%

$956,878

Alternative Uses

Best Use

Apartment 5plus

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,119 @ 7.0% cap · market cap 7.83%

Second Best

Mixed Use

$929.2K

$813.0K – $1.08M (±1% cap)

NOI $65,043 @ 7.0% cap · market cap 5.91%

Theoretical Best

Multifamily LT 5

$1.33M

$1.17M – $1.56M (±1% cap)

NOI $93,430 @ 7.0% cap · market cap 8.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Auto Parts Store Tanning Salon Clothing & Fashion Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

3,494

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Four apartments share a common layout, with an in-unit washer and dryer in each.

Where is this mixed-use property located?

The property is located at A-1332 W Girard Ave Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 5,475‑square‑foot, three‑story building constructed in 1920; Four apartments with the same layout; each has an in‑unit washer and dryer; 0.04‑acre lot with CMX‑4 zoning