Renovated Mixed-Use
For Sale
Under Contract
$349,500
5000 PARRISH Street, Philadelphia, PA 19139
Multi-Family, PHILADELPHIA, PA
Property Size1,644 SF
Lot Size0.02 Acres
Price / SF$212.59
Days on Market142
Property Features for 5000 PARRISH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
1,644 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1010
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
finished basement
ADA-accessible bathroom
separate entrances
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Listing Agency:
Realty Mark Cityscape
(215) 583-7777
Listed By:
JOSEPH Manning
(215) 298-1913
Added: Apr 27
Changed: Aug 19
Last Checked: Sep 15 at 2:06AM
MLS# PAPH2609558
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.
Investment Insights
Based on property information with market context.
Located at 5000 Parrish Street in Philadelphia, this 1,644-square-foot mixed-use duplex combines a renovated commercial area with an updated residential unit. The first-floor space includes broad street-facing windows, a private entry, an ADA-accessible bathroom, and a finished basement with a second bathroom. The layout is zoned for daycare use.
Upstairs, the two-bedroom residence has refreshed flooring, contemporary finishes, a modern kitchen, and a renovated bathroom. Separate access points distinguish the commercial and residential components, while masonry construction, central heating, and central air provide the primary building systems. The property was built in 1925 and includes on-street parking. Its corner setting and Philadelphia location complement the mixed-use configuration.
Upstairs, the two-bedroom residence has refreshed flooring, contemporary finishes, a modern kitchen, and a renovated bathroom. Separate access points distinguish the commercial and residential components, while masonry construction, central heating, and central air provide the primary building systems. The property was built in 1925 and includes on-street parking. Its corner setting and Philadelphia location complement the mixed-use configuration.
Key Highlights
- 1,644 square feet of mixed‑use space
- Renovated duplex with commercial and residential components
- First‑floor commercial area with large front windows and private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,055
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$561,100
$561.1K
Cap Rate 7%
$400,786
$400.8K
Cap Rate 9%
$311,722
$311.7K
Market Conditions
NOI Build-Up for 1,644 SF
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.
Gross rent
$42.4K $25.80/SF
− Vacancy
−$2.3K −$1.42/SF
EGI
$40.1K $24.38/SF
− OpEx
−$12.0K −$7.31/SF
NOI
$28.1K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$561,100
Cap Rate 7%
$400,786
Cap Rate 9%
$311,722
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,055 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 7.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate commercial and residential entrances support flexible occupancy arrangements.
Where is this mixed-use property located?
The property is located at 5000 PARRISH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: 1,644 square feet of mixed‑use space; Renovated duplex with commercial and residential components; First‑floor commercial area with large front windows and private entrance
