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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2634148
Year Built 1942
Annual Tax Amount $6,013
Tax Year 2026
Lot Size 4,589 Sqft
Acres 0.11
Lot Dimensions 64.00 x 72.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This 8,656 sq ft mixed-use asset sits at one of North Philadelphia's highest-visibility corners: Broad Street and Old York Road, steps from the expanding Temple University Hospital campus. The building generates over $10,000 per month in gross income across a ground-floor commercial tenant and multiple residential units, producing an annual income stream in excess of $120,000 against a list price of $895,000.
Built in 1942 and zoned CMX-2, the property features separate entrances for the residential units, efficient floor layouts and all units occupied. Two units are long standing and below market rents. The ground-floor commercial space is anchored by a daycare center with deep community ties, offering the kind of operational stability that institutional owners pay premiums for.
The location punches above its basis. Rising Sun Avenue is a primary commercial corridor with consistent foot traffic, bus service, and direct access to Broad Street and Roosevelt Boulevard. The Temple Hospital campus continues its northward expansion, and the surrounding neighborhood is on the radar of both regional developers and QOZ investors. This census tract carries a federal Qualified Opportunity Zone designation, active through December 2028, with OZ 2.0 redesignation proceedings currently underway in Pennsylvania.
At $109/sq ft and a verified 8% cap, this is a straightforward income play with a defensible basis and multiple value levers still available.
Location
State PA
County Philadelphia
Area 19140 (19140)
Zoning CMX-2
Interior
Hot Water Multi-tank
Heating Baseboard - Electric
Cooling None
Inclusions all existing appliances
Heat Source Electric
Exterior
Garage Spaces 1.0
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881054630
Ownership Fee Simple
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Financing Cash,Private
Special Listing Condition Standard
Nearby School & Business
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Joseph Asterino
Broker Associate | License ID: AB066344
Broker Associate License ID: AB066344