PHILADELPHIA, PA 19127 Philadelphia, PA 19127
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Apr 2, 2026
- Days on Market:
- 103
- Last Refresh:
- Jul 13 at 8:06 am
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Standard status
- Active
- Size
- 3,261 SF
Building Details
- Year built
- 1940
Listing agent Michele Cooley License #RS295660 (267) 571-5511
Listing office BHHS Fox & Roach Center City-Society Hill PA (215) 627-6005
Listing date Apr 2, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Residential updates include central air, vinyl flooring, new appliances, in-unit washer/dryer, and separate utilities with tenants responsible for electric. The full renovation was completed in 2023 with updated plumbing, electrical systems, and sprinkler water lines. The commercial space is described as having CMX-2 zoning, with a range of potential uses listed in the remarks.
In-place rental income is reported as $4,775 per month from the three leased units, and the commercial space is positioned for an owner-user or a new tenant since it is vacant.
Key Highlights
- Fully renovated mixed‑use building (built 1940) with 1,100 SF ground‑floor commercial space and 3 leased residential units
- CMX‑2 zoned commercial space (previously deli) currently vacant for an owner‑user or new market‑rate tenant
- Residential unit mix: one 2 bed/1 bath rented at $1,900/mo and two 1 bed/1 bath rented at $1,500 and $1,375/mo
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 | $84.1k | $25.80 |
| − Vacancy | −$4.6k | −$1.42 |
| EGI | $79.5k | $24.38 |
| − OpEx | −$23.8k | −$7.31 |
| NOI | $55.6k | $17.06 |
