Two-Unit Mixed-Use
For Sale
$350,000
148 N 52nd, Philadelphia, PA 19139
Ground-floor convenience retail is paired with an upper-level three-bedroom apartment with a kitchen and full bathroom.
Property Size1,830 SF
Price / SF$191.26
Days on Market37
Property Features for 148 N 52nd
General Information
Standard status
Active
Size
1,830 SF
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Building Details
Year Built
1925
Stories
2
Listing Agency:
Keller Williams Real Estate - Media
(610) 324-2065
Listed By:
Seyoum Gebremariam · License #RS365419
Source:
Soldbypattie
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 28 at 12:42PM
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 Real Estate - Media
Investment Insights
Based on property information with market context.
This two-unit mixed-use property combines a ground-floor convenience store with an apartment above. The retail space is currently operating during evening and nighttime hours, while the residential unit includes three bedrooms, a kitchen, and a full bathroom.
Constructed in 1925, the property is located at 148 N 52nd in Philadelphia, Pennsylvania. Its arrangement places commercial and residential uses within the same building, offering a clearly defined layout for an owner-user or purchaser evaluating both components.
Constructed in 1925, the property is located at 148 N 52nd in Philadelphia, Pennsylvania. Its arrangement places commercial and residential uses within the same building, offering a clearly defined layout for an owner-user or purchaser evaluating both components.
Key Highlights
- Two‑unit mixed‑use configuration
- Ground‑floor convenience store currently operating during evening and nighttime hours
- Upper‑level three‑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
$28,785
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
8.22%
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%
$575,700
$575.7K
Cap Rate 7%
$411,214
$411.2K
Cap Rate 9%
$319,833
$319.8K
Market Conditions
NOI Build-Up for 1,830 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
$55.6K $30.36/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$52.3K $28.60/SF
− OpEx
−$23.6K −$12.87/SF
NOI
$28.8K $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%
$575,700
Cap Rate 7%
$411,214
Cap Rate 9%
$319,833
Alternative Uses
Best Use
Apartment 5plus
$411.2K
$359.8K – $479.8K
NOI $28,785 @ 7.0% cap · market cap 8.22%
Second Best
Specialty Retail
$378.8K
$331.5K – $442.0K
NOI $26,517 @ 7.0% cap · market cap 7.58%
Theoretical Best
Multifamily LT 5
$446.1K
$390.4K – $520.5K
NOI $31,229 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,008
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 23%
Apparel 9%
Electronics 2%
McDonald's
Dining
22,600 visits/mo
0.3 miles
McDonald's
Dining
22,065 visits/mo
0.5 miles
Dunkin' Donuts
Dining
11,353 visits/mo
0.5 miles
Family Dollar
Shops & Services
6,477 visits/mo
0.1 miles
Rainbow
Apparel
4,913 visits/mo
0.2 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor convenience retail is paired with an upper-level three-bedroom apartment with a kitchen and full bathroom.
Where is this mixed-use property located?
The property is located at 148 N 52nd Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit mixed‑use configuration; Ground‑floor convenience store currently operating during evening and nighttime hours; Upper‑level three‑bedroom apartment
