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1515 E PASSYUNK AVE
About This Property
1515 E. Passyunk Ave. is a fantastic property for making your business dreams come true. The 1st floor store/office is perfectly laid out and is 32 inches wide it includes picturesque windows for maximum exposure and light perfect for all that East Passyunk foot traffic tall ceiling height as well, Included on this level is a laundry area/half bath combo and of course the garage. The lower level basement is very spacious with good mechanicals and is perfect for storage, there are convenient loading steps as well leading to the front of the building which is perfect for deliveries etc.
A separate entrance leads you to the 2nd floor and is home to a cool 2 bedroom 1 bath apartment that is spacious and filled with beautiful natural light it has a full living room and hardwoods under the rug, Full Kitchen in great shape with retro cabinets and fixtures, bonus feature is the side stairs in the living area that lead you to a gigantic roof space that you can customize by adding a roof deck, the views are utterly amazing! Don't dream anymore come today and see this fabulous property, plus your in good company with world renown restaurants like Stateside, Mish Mish, Ember and Ash, River Twice, Laurel etc. Very easy to show.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 14, 2025 | Listed by BHHS Fox & Roach-Center City Walnut | $519,000 | |
Listed by BHHS Fox & Roach-Center City Walnut | |||
May 23, 1978 | Sold to Rosalie Pinto | ||
Sold to Rosalie Pinto |
Property Highlights
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Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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Building Info
- 1 Unit for Sale

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