0.35 Acres Lot
0.35 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Passyunk Square
MLS Listing ID PAPH2631974
Year Built 1940
Annual Tax Amount $43,127
Tax Year 2026
Lot Size 0.350 Acres
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The asset consists of seven renovated residential apartments and five commercial tenants occupying ten commercial spaces, creating a diversified income stream with a balanced residential and commercial revenue mix. Current gross potential income exceeds $339,000 annually, generating an in-place NOI of approximately $247,000.
Residential units were comprehensively renovated in 2016 with updated kitchens, baths, HVAC systems, plumbing, electrical, windows, and in-unit laundry. Recent capital improvements include a new rear roof installed in 2025 with a 20-year warranty and a front roof recoat completed in 2026.
The property's commercial component is anchored by established local operators, including Foreign Fix Auto Center, and benefits from below-market lease rates that provide substantial mark-to-market upside as leases renew. Residential rents similarly trail prevailing East Passyunk market rates, offering additional revenue growth opportunities through natural tenant turnover.
Investment highlights include:
• 25,400 SF mixed-use building on a 20,534 SF corner lot
• 7 residential apartments and 5 commercial tenants (10 commercial spaces)
• Strong in-place NOI of approximately $247,132
• Gross potential income of approximately $339,600 annually
• Recent capital improvements and renovated residential units
• Significant rental upside in both residential and commercial components
• Walk Score of 96 and Transit Score of 90
• Three blocks from the Italian Market and approximately 12 minutes to Center City
• Located within one of Philadelphia's most dynamic and supply-constrained mixed-use corridor
Offered at $4,250,000 ($167/SF), 1400–1414 S Darien Street presents investors with the opportunity to acquire a sizable, income-producing mixed-use asset in a premier South Philadelphia location with multiple avenues for future value creation.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881000298
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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