Mixed-Use Building with Barber
For Sale
$375,000
5144 Haverford Avenue, Philadelphia, PA 19139
Two-income-use property with a commercial storefront and month-to-month apartment tenancy on Haverford Avenue.
Property Size1,804 SF
Price / SF$207.87
Days on Market555
Property Features for 5144 Haverford Avenue
General Information
Standard status
Active
Size
1,804 SF
Property subtype
Multi-Family
Zoning
CMX1
Financials
Cap Rate
7%
Gross Income
$28,800
Average Monthly Rent
$1,050
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,535
Amenities
Other
Carpet,Ceramic Tile
Electric
Yes
No
2
Assessor
No Pool
The Seller owns the Barber Shop equipment,and he includes them in the sale.
Public
S30
16.00 x 77.00
0.03
On Street
21940.00
Building Details
Building Size
1,804 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Echochic Estates
(610) 679-0127
Listed By:
Amanda Strain
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Feb 12, 2025
Changed: Aug 20
Last Checked: Aug 21 at 4:21AM
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 Echochic Estates
Investment Insights
Based on property information with market context.
This 1,804-square-foot mixed-use building, constructed in 1920, combines a first-floor barber shop with a two-bedroom apartment. The sale includes the barber shop equipment, providing an existing commercial setup alongside residential space. The apartment is leased month-to-month, while the property’s financial profile reflects an approximate 7% cap rate.
Located at 5144 Haverford Avenue in Philadelphia, the property is zoned CMX1 and includes on-street parking. Interior finishes include carpet and ceramic tile, with electric service noted throughout. The building offers a compact commercial and residential configuration suited to an owner-operator or investor seeking both storefront and apartment occupancy.
Located at 5144 Haverford Avenue in Philadelphia, the property is zoned CMX1 and includes on-street parking. Interior finishes include carpet and ceramic tile, with electric service noted throughout. The building offers a compact commercial and residential configuration suited to an owner-operator or investor seeking both storefront and apartment occupancy.
Key Highlights
- 1,804 SF mixed‑use building at 5144 Haverford Avenue
- First‑floor barber shop with equipment included in the sale
- Two‑bedroom apartment leased month‑to‑month
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
$28,376
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
7.57%
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%
$567,520
$567.5K
Cap Rate 7%
$405,371
$405.4K
Cap Rate 9%
$315,289
$315.3K
Market Conditions
NOI Build-Up for 1,804 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
$54.8K $30.36/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$51.6K $28.60/SF
− OpEx
−$23.2K −$12.87/SF
NOI
$28.4K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$567,520
Cap Rate 7%
$405,371
Cap Rate 9%
$315,289
Alternative Uses
Best Use
Apartment 5plus
$405.4K
$354.7K – $472.9K
NOI $28,376 @ 7.0% cap · market cap 7.57%
Second Best
Mixed Use
$306.2K
$267.9K – $357.2K
NOI $21,432 @ 7.0% cap · market cap 5.72%
Theoretical Best
Multifamily LT 5
$439.8K
$384.8K – $513.1K
NOI $30,785 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
117k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 38%
Groceries 16%
Apparel 7%
McDonald's
Dining
22,600 visits/mo
0.5 miles
McDonald's
Dining
22,065 visits/mo
0.4 miles
Save-A-Lot
Groceries
18,565 visits/mo
0.5 miles
Dollar General
Shops & Services
9,664 visits/mo
0.5 miles
AutoZone
Shops & Services
7,230 visits/mo
0.5 miles
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 Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-income-use property with a commercial storefront and month-to-month apartment tenancy on Haverford Avenue.
Where is this mixed-use property located?
The property is located at 5144 Haverford Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,804 SF mixed‑use building at 5144 Haverford Avenue; First‑floor barber shop with equipment included in the sale; Two‑bedroom apartment leased month‑to‑month
