Mixed-Use Building with Retail
1206 N 5th St Philadelphia, PA 19122
1206 N 5th St, Philadelphia, PA, 19122
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For Sale
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Fully occupied 4-unit mixed-use property includes one commercial storefront, three residential units, shared outdoor space, and basement laundry.
Property Size2,715 SF
Price / SF$193.37
Days on Market135
Property Features for 1206 N 5th St
General Information
- Standard status
- Active
- Size
- 2,715 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1915
Listing agency
Keller Williams Empower
(215) 431-5431
Listed by
Stacy Sanseverino · License #RS281613
Source
Crexi
Added: Mar 10 Updated: Jul 21 at 6:34PM Checked: Jul 21 at 6:34PM
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 Empower
Investment Insights
Based on property information with market context.
This fully occupied 4-unit mixed-use building includes one commercial storefront and three residential units: one studio apartment and two one-bedroom units. The property also features a shared outdoor space and a basement with common laundry. Utilities are separately metered for all tenants, except water and utilities powering the laundry, helping streamline operating expense management.
The commercial unit is described as having a traditional storefront façade, and residential units include lead-safe certificates for all three apartments. The building has rental and fire-related compliance documentation available, and leases are currently month-to-month for the residential units.
A first-floor commercial unit is currently leased on a month-to-month basis, along with the studio apartment and one-bedroom unit. One one-bedroom unit is described as having lease terms extending through 6/30/2026.
The commercial unit is described as having a traditional storefront façade, and residential units include lead-safe certificates for all three apartments. The building has rental and fire-related compliance documentation available, and leases are currently month-to-month for the residential units.
A first-floor commercial unit is currently leased on a month-to-month basis, along with the studio apartment and one-bedroom unit. One one-bedroom unit is described as having lease terms extending through 6/30/2026.
Key Highlights
- Fully occupied 4‑unit mixed‑use building (built 1915) with 1 commercial storefront and 3 residential units
- Unit mix and rents: $700/mo commercial (M2M), $995/mo studio (M2M), and 2 one‑bedrooms at $1,200 (M2M) and $1,437 (thru 6/30/2026)
- Separate utility metering for all utilities except water (laundry utilities separately metered) to help control operating expenses
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 | $82.4k | $30.36 |
| − Vacancy | −$4.8k | −$1.76 |
| EGI | $77.6k | $28.60 |
| − OpEx | −$34.9k | −$12.87 |
| NOI | $42.7k | $15.73 |
2,715 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$610.1K
$533.8K – $711.8K
NOI $42,706 @ 7.0% cap · market cap 8.13%
Second Best
Mixed Use
$460.8K
$403.2K – $537.6K
NOI $32,254 @ 7.0% cap · market cap 6.14%
Theoretical Best
Multifamily LT 5
$661.9K
$579.1K – $772.2K
NOI $46,331 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kamihira
Theater & Performing Art Venue
S & S Express ...
Insurance Agency
Basin
Art Gallery
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FAQs
What type of property is this?
Mixed-use property - Fully occupied 4-unit mixed-use property includes one commercial storefront, three residential units, shared outdoor space, and basement laundry.
Where is this mixed-use property located?
The property is located at 1206 N 5th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully occupied 4‑unit mixed‑use building (built 1915) with 1 commercial storefront and 3 residential units; Unit mix and rents: $700/mo commercial (M2M), $995/mo studio (M2M), and 2 one‑bedrooms at $1,200 (M2M) and $1,437 (thru 6/30/2026); Separate utility metering for all utilities except water (laundry utilities separately metered) to help control operating expenses
