Mixed-Use Property with
New
For Sale
$499,900
1333 S 49th St, Philadelphia, PA 19143
Ground-floor daycare space is paired with three upper-level apartments in a multi-tenant configuration.
Property Size2,200 SF
Price / SF$227.23
Days on Market2
Property Features for 1333 S 49th St
General Information
Standard status
Active
Size
2,200 SF
Units
Unit Mix
2 bedroom, 1 bedroom, studio
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Year Built
1940
Listing Agency:
Tesla Realty Group, LLC
Listed By:
Samuel C Iwu · License #RS225885L
(844) 837-5274
Source:
Upgradebymichaud
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 2 at 7:18PM
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 Tesla Realty Group, LLC
Investment Insights
Based on property information with market context.
Built in 1940, this mixed-use property combines an operating daycare center on the lower level with three apartments upstairs. The residential component includes a two-bedroom unit, a one-bedroom unit, and a studio, creating a varied unit mix within the building.
The property is located near the University of Pennsylvania and the University of the Sciences in Philadelphia’s University City area. Philadelphia International Airport, the Amtrak station, and local transportation hubs are also described as minutes away, adding access to regional transportation connections.
The property is located near the University of Pennsylvania and the University of the Sciences in Philadelphia’s University City area. Philadelphia International Airport, the Amtrak station, and local transportation hubs are also described as minutes away, adding access to regional transportation connections.
Key Highlights
- Ground‑floor space occupied by a daycare center
- Three second‑floor apartments: one 2‑bedroom, one 1‑bedroom, and one studio
- Located near the University of Pennsylvania and the University of the Sciences
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
$29,700
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
5.94%
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%
$594,000
$594.0K
Cap Rate 7%
$424,286
$424.3K
Cap Rate 9%
$330,000
$330.0K
Market Conditions
NOI Build-Up for 2,200 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
$52.8K $24.00/SF
− Vacancy
−$5.3K −$2.40/SF
EGI
$47.5K $21.60/SF
− OpEx
−$17.8K −$8.10/SF
NOI
$29.7K $13.50/SF
Area
ZIP 19143
Vacancy
10.00%
Lease Rate
$24.00 /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%
$594,000
Cap Rate 7%
$424,286
Cap Rate 9%
$330,000
Alternative Uses
Best Use
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 5.94%
Second Best
Multifamily LT 5
$340.5K
$297.9K – $397.2K
NOI $23,833 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$754.0K
$659.8K – $879.7K
NOI $52,783 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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 - Ground-floor daycare space is paired with three upper-level apartments in a multi-tenant configuration.
Where is this mixed-use property located?
The property is located at 1333 S 49th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Ground‑floor space occupied by a daycare center; Three second‑floor apartments: one 2‑bedroom, one 1‑bedroom, and one studio; Located near the University of Pennsylvania and the University of the Sciences
