Mixed-Use Live-Work
1539 W THOMPSON Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
2,010 SFLot size:
0.02 AcresPrice / SF:
$174/SF- Added:
- Jul 27, 2025
- Days on Market:
- 343
- Last Refresh:
- Jul 4 at 10:06 am
Property Features for 1539 W THOMPSON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Parking features
- Driveway, Off Street, Fenced, On Street
- Appliances
- Dishwasher, Dryer, Freezer, Microwave, Oven - Self Cleaning, Stainless Steel Appliances, Refrigerator, Stove, Washer
- Standard status
- Active
- Size
- 2,010 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4442
Utilities
- Heating system
- Forced Air, Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1982
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Evelyn R Woodley License #RS219647L (267) 562-2717
Listing office Chennault Real Estate Inc 5135 Haverford Avenue, Philadelphia, PA (215) 995-6852
Listing date Jul 27, 2025
MLS# PAPH2517430
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Zoned mix use with the option to live on the upper level and use the first floor for a business or apartments
- 1982 masonry construction with central air, forced air heat, and hot water (heating)
- Included stainless steel appliances and laundry appliances: dishwasher, microwave, oven, refrigerator, stove, washer and dryer
- Main level hair salon setup includes a bedroom, bath, and laundry room with access to the backyard
- Large enclosed deck off the kitchen for outdoor dining and sitting
- Unfinished basement plus a buildable extra‑large lot available for sale at $200k (1538 W. Seybert St) with a gated electric gate opener
Overview
Located at 1539 W THOMPSON Street in Philadelphia, this mixed-use live-work property is configured for combining a business on the first floor with residential space above. The main level includes a hair salon setup with a bedroom, bath, and laundry room, with access out to the backyard. A walk-through interior layout leads to the living room, dining room, bathroom, and kitchen, and the kitchen features wall-to-wall cabinets and a dishwasher. An enclosed deck off the kitchen provides additional indoor-outdoor seating space for a barbecue area. The upper level offers two large bedrooms with closet space, along with central air, and there is a large unfinished basement.
The property is described as a newly built or brand-new condition on the block and is offered as-is with the seller ready to move. The listing notes that Temple University and St Joseph Prep are within walking distance, with downtown nearby. A mixed-use zoning designation supports a first-floor business use with the option to reside in the upper level.
For tenant-brokers and operators, the layout can support a live-work arrangement or business tenancy paired with residential occupancy, depending on how the space is configured. For buyers seeking development flexibility, the remarks also reference an additional extra-large lot for sale nearby at 1538 W. Seybert St, described as gated with an electric gate opener and described as buildable for another house. Lot and building areas are provided as 0.0204 acres and 2,010 square feet, respectively, and all offers are being considered.
The property is described as a newly built or brand-new condition on the block and is offered as-is with the seller ready to move. The listing notes that Temple University and St Joseph Prep are within walking distance, with downtown nearby. A mixed-use zoning designation supports a first-floor business use with the option to reside in the upper level.
For tenant-brokers and operators, the layout can support a live-work arrangement or business tenancy paired with residential occupancy, depending on how the space is configured. For buyers seeking development flexibility, the remarks also reference an additional extra-large lot for sale nearby at 1538 W. Seybert St, described as gated with an electric gate opener and described as buildable for another house. Lot and building areas are provided as 0.0204 acres and 2,010 square feet, respectively, and all offers are being considered.
Local Financial Insights For Office B
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 | $44.1k | $21.96 |
| − Vacancy | −$8.9k | −$4.41 |
| EGI | $35.3k | $17.55 |
| − OpEx | −$8.8k | −$4.39 |
| NOI | $26.5k | $13.16 |
2,010 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$377.9K
$330.6K – $440.9K
NOI $26,451 @ 7.0% cap · market cap 7.56%
Second Best
Mixed Use
$341.1K
$298.5K – $398.0K
NOI $23,879 @ 7.0% cap · market cap 6.82%
Theoretical Best
Multifamily LT 5
$490.0K
$428.8K – $571.7K
NOI $34,300 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
LSW Hair Design
Nail Salon
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1618729
- Latitude
- 39.9737015
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Zoned mixed use for live-and-work flexibility, with a main-level suite opening to a backyard and upper-level bedrooms.
Where is this live-work space located?
The property is located at 1539 W THOMPSON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Zoned mix use with the option to live on the upper level and use the first floor for a business or apartments; 1982 masonry construction with central air, forced air heat, and hot water (heating); Included stainless steel appliances and laundry appliances: dishwasher, microwave, oven, refrigerator, stove, washer and dryer
