Mixed-Use Property with Covered
For Sale
$712,000
5244 RISING SUN Avenue, Philadelphia, PA 19120
Multi-Family, PHILADELPHIA, PA
Property Size2,268 SF
Lot Size0.06 Acres
Price / SF$313.93
Days on Market12
Property Features for 5244 RISING SUN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
2
Parking features
Parking Lot, Garage - Attached, Driveway, On Street
Appliances
Oven/Range - Gas, Range Hood, Refrigerator
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,268 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
2824
Utilities
Heating system
Electric (Heating), Baseboard, Central
Cooling system
Wall Unit(s), Central Air
Amenities
central air conditioning
Building Details
Year built
1940
Number of units
3
Building materials
Masonry, Brick
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Guillermo Chabur · License #RS300442
(267) 205-6630
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 29 at 4:06AM
MLS# PAPH2661352
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 5244 Rising Sun Avenue, this 2,268-square-foot mixed-use property combines a two-level commercial area with three apartments. The residential layout includes two two-bedroom, one-bath apartments on the first and second floors, plus a one-bedroom apartment on the third floor. Central air conditioning serves the commercial area and first-floor apartment. The commercial space has previously been used for a multi-services office and beauty salon.
The sale also includes the adjoining yard identified by Tax ID #421277400. The yard contains two covered garages and two parking spaces at the front, with parking features that also include a driveway, parking lot, and on-street parking. Built in 1940, the property is offered in as-is condition. One apartment is occupied, while the remaining apartments are vacant. Existing appliances include a gas oven/range, range hood, and refrigerator.
The sale also includes the adjoining yard identified by Tax ID #421277400. The yard contains two covered garages and two parking spaces at the front, with parking features that also include a driveway, parking lot, and on-street parking. Built in 1940, the property is offered in as-is condition. One apartment is occupied, while the remaining apartments are vacant. Existing appliances include a gas oven/range, range hood, and refrigerator.
Key Highlights
- 2,268‑square‑foot mixed‑use property at 5244 Rising Sun Avenue
- Two‑level commercial area combined with three apartments
- Two two‑bedroom, one‑bath apartments plus one one‑bedroom apartment
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
$24,569
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
3.45%
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%
$491,380
$491.4K
Cap Rate 7%
$350,986
$351.0K
Cap Rate 9%
$272,989
$273.0K
Market Conditions
NOI Build-Up for 2,268 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
$37.8K $16.68/SF
− Vacancy
−$2.7K −$1.20/SF
EGI
$35.1K $15.48/SF
− OpEx
−$10.5K −$4.64/SF
NOI
$24.6K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /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%
$491,380
Cap Rate 7%
$350,986
Cap Rate 9%
$272,989
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,569 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,853 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$541.8K
$474.1K – $632.1K
NOI $37,924 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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 - A commercial component, three apartments, and an adjoining yard are being offered together.
Where is this mixed-use property located?
The property is located at 5244 RISING SUN Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $712,000.
What are key features of this property?
This property features: 2,268‑square‑foot mixed‑use property at 5244 Rising Sun Avenue; Two‑level commercial area combined with three apartments; Two two‑bedroom, one‑bath apartments plus one one‑bedroom apartment
