Mixed-Use Building with Private
1545 W PASSYUNK Avenue, Philadelphia, PA 19145
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property size:
3,805 SFLot size:
0.04 AcresPrice / SF:
$199/SF- Added:
- Nov 24, 2025
- Days on Market:
- 215
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 1545 W PASSYUNK Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,805 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7854
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Dat Duong (215) 218-0939
Listing office Target Realty 612 Washington Avenue unit: 1, Philadelphia, PA (215) 218-0939
Listing date Nov 24, 2025
MLS# PAPH2561532
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
- Masonry construction building built in 1925
- Two consolidated commercial units on the first floor on 1545 W Passyunk; each is approximately 900–1,100 SF
- Upstairs unit spans the 2nd and 3rd floors with a total of almost 2,000 SF
- Upstairs features 3 bedrooms and 1.5 bathrooms
- Private deck with roof access for skyline viewing
- Central air cooling and hot water/baseboard heating; on‑street parking
Overview
This offering consists of two buildings that have been legally consolidated into one address, 1545 W Passyunk Avenue. The first floor includes two long-term commercial units; one unit has been renewed for an additional five years, while the adjacent unit’s lease is up, creating space for a new retail or office tenant. The upper floors (2nd and 3rd) are configured as a single, expansive residence spanning both buildings, offering three bedrooms, 1.5 bathrooms, and a private deck with roof access. The apartment has been recently renovated and is described as approximately 2,000 square feet of living space.
The property is positioned in a “great location” with walkable access to public transportation, including a bus stop and subway, as well as nearby neighborhood destinations such as Starbucks, banks, and a hospital. The remarks also cite proximity to East Passyunk, with several major destinations a few minutes’ drive away, including the stadium, Navy Yard, and FDR Park.
For tenants and operators, the combination of ground-floor retail/office space and a renovated upstairs apartment supports a variety of business and living arrangements. For buyers, the near-term leasing rollover on one commercial unit offers an opportunity to align tenant mix with current requirements while maintaining income from the other long-term leased unit.
The property is positioned in a “great location” with walkable access to public transportation, including a bus stop and subway, as well as nearby neighborhood destinations such as Starbucks, banks, and a hospital. The remarks also cite proximity to East Passyunk, with several major destinations a few minutes’ drive away, including the stadium, Navy Yard, and FDR Park.
For tenants and operators, the combination of ground-floor retail/office space and a renovated upstairs apartment supports a variety of business and living arrangements. For buyers, the near-term leasing rollover on one commercial unit offers an opportunity to align tenant mix with current requirements while maintaining income from the other long-term leased unit.
Local Financial Insights For Apartment 5plus
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 | $115.5k | $30.36 |
| − Vacancy | −$6.7k | −$1.76 |
| EGI | $108.8k | $28.60 |
| − OpEx | −$49.0k | −$12.87 |
| NOI | $59.9k | $15.73 |
3,805 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$855.0K
$748.1K – $997.5K
NOI $59,851 @ 7.0% cap · market cap 7.88%
Second Best
Office B
$715.3K
$625.9K – $834.5K
NOI $50,072 @ 7.0% cap · market cap 6.59%
Theoretical Best
Multifamily LT 5
$927.6K
$811.7K – $1.08M
NOI $64,932 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1726259
- Latitude
- 39.9251058
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FAQs
What type of property is this?
Mixed-use property - Leasing-ready mixed-use property with two ground-floor commercial units and a renovated multi-bedroom apartment with private deck.
Where is this mixed-use property located?
The property is located at 1545 W PASSYUNK Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $759,999.
What are key features of this property?
This property features: Masonry construction building built in 1925; Two consolidated commercial units on the first floor on 1545 W Passyunk; each is approximately 900–1,100 SF; Upstairs unit spans the 2nd and 3rd floors with a total of almost 2,000 SF
