Mixed-Use Apartment
For Sale
$5,255,000
Pending
100 S 52ND STREET 2, Philadelphia, PA 19139
Portfolio of up to 39 units across 10 mixed-use buildings with commercial ground-floor space and renovated residences.
Property Size34,907 SF
Days on Market443
Property Features for 100 S 52ND STREET 2
General Information
Standard status
Pending
Size
34,907 SF
Property subtype
Mixed Use
Additional Details
Cap Rate
9.5%
Sprinkler System
Yes
Multifamily Units
39
Taxes and HOA fees
Annual Taxes
$25,889
Amenities
LVP flooring
shaker cabinetry
granite countertops
in-unit washer/dryer
modern fire and sprinkler systems
central air
contemporary finishes
Building Details
Building Size
34,907 SF
Year Built
1915
Listing Agency:
Keller Williams Liberty Place
(267) 435-8015
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Kingswayrealty
Added: Jun 13, 2025
Changed: Aug 25
Last Checked: Aug 28 at 6:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
The West Philly Park Portfolio offers up to thirty-nine (39) total units across ten (10) properties, totaling approximately 35,000 square feet. Each building is configured as mixed-use, with ground-floor commercial units and residential apartments above. Many units were comprehensively renovated in the early 2020s, with upgrades described as LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, modern fire and sprinkler systems, central air, and contemporary finishes throughout.
The collection is concentrated within a walkable five-block stretch along the 52nd Street corridor between Market Street and Larchwood Avenue, as described in the offering. The portfolio includes multiple park-front, corner, and contiguous parcels. Nearby anchors referenced include Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak’s 30th Street Station.
The properties are offered for sale individually or as a portfolio, with detailed financials available upon request.
The collection is concentrated within a walkable five-block stretch along the 52nd Street corridor between Market Street and Larchwood Avenue, as described in the offering. The portfolio includes multiple park-front, corner, and contiguous parcels. Nearby anchors referenced include Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak’s 30th Street Station.
The properties are offered for sale individually or as a portfolio, with detailed financials available upon request.
Key Highlights
- Up to 39 total units across 10 mixed‑use buildings with commercial ground‑floor space and residential apartments above
- Approximately 35,000 SF portfolio concentrated within a walkable five‑block stretch along W 52nd Street between Market St and Larchwood Ave
- In‑place 9.5% stabilized cap rate (details available upon request)
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
$415,800
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
7.91%
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%
$8,316,000
$8.3M
Cap Rate 7%
$5,940,000
$5.9M
Cap Rate 9%
$4,620,000
$4.6M
Market Conditions
NOI Build-Up for 35,000 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
$756.0K $21.60/SF
− Vacancy
−$90.7K −$2.59/SF
EGI
$665.3K $19.01/SF
− OpEx
−$249.5K −$7.13/SF
NOI
$415.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$8,316,000
Cap Rate 7%
$5,940,000
Cap Rate 9%
$4,620,000
Alternative Uses
Best Use
Apartment 5plus
$7.86M
$6.88M – $9.18M
NOI $550,533 @ 7.0% cap · market cap 10.48%
Second Best
Mixed Use
$5.94M
$5.20M – $6.93M
NOI $415,800 @ 7.0% cap · market cap 7.91%
Theoretical Best
Multifamily LT 5
$8.53M
$7.47M – $9.95M
NOI $597,271 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
39
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
2,343
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
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 - Portfolio of up to 39 units across 10 mixed-use buildings with commercial ground-floor space and renovated residences.
Where is this mixed-use property located?
The property is located at 100 S 52ND STREET 2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $5,255,000.
What are key features of this property?
This property features: Up to 39 total units across 10 mixed‑use buildings with commercial ground‑floor space and residential apartments above; Approximately 35,000 SF portfolio concentrated within a walkable five‑block stretch along W 52nd Street between Market St and Larchwood Ave; In‑place 9.5% stabilized cap rate (details available upon request)
