Licensed 20-Bed Assisted Living
For Sale
$659,900
1750-54 Bridge Street, Philadelphia, PA 19124
Two adjacent buildings provide a vacant, upgraded care setting with RSA-5 zoning and permitted personal-care use.
Property Size5,000 SF
Price / SF$131.98
Days on Market492
Property Features for 1750-54 Bridge Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi-Family
Zoning
RSA-5
Taxes and HOA fees
Annual Taxes
$2,372
Amenities
Central Air, Window Air Conditioning, Wall Air Conditioning
3
Ceramic Tile, Vinyl, Laminate
Carbon Monoxide Detector
Built Up
RSA5
Parking.
Secured, Off Site, Fenced, Lot.
Level
40.00 x 104.00
Urban, Level.
Building Details
Year Built
1965
Buildings
2
Listing Agency:
(215) 432-0001
Listed By:
Keller Williams Main Line
(215) 432-0001
Source:
Xome
Added: Apr 26, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:18PM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
Located at 1750-54 Bridge Street in Philadelphia, this licensed personal care facility includes two adjacent buildings totaling 5,000 SF. The property was built in 1965 and has received recent roof and HVAC upgrades. Its layout accommodates care operations along with administrative functions, while central, window, and wall air-conditioning systems support the interior environment.
The facility is delivered vacant as a real estate-only transaction, with the business excluded and FF&E available separately. RSA-5 zoning identifies a permitted Y50 personal care and health facility use. Architectural plans for a potential third-floor addition at 1754 Bridge Street are included, subject to L&I approval. The site features secured, fenced off-site parking and a level 40.00 x 104.00 lot.
The facility is delivered vacant as a real estate-only transaction, with the business excluded and FF&E available separately. RSA-5 zoning identifies a permitted Y50 personal care and health facility use. Architectural plans for a potential third-floor addition at 1754 Bridge Street are included, subject to L&I approval. The site features secured, fenced off-site parking and a level 40.00 x 104.00 lot.
Key Highlights
- Licensed 20‑bed personal care facility in two adjacent buildings
- 5,000 SF property built in 1965
- Recent roof and HVAC system upgrades
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
$59,283
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
8.98%
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%
$1,185,660
$1.2M
Cap Rate 7%
$846,900
$846.9K
Cap Rate 9%
$658,700
$658.7K
Market Conditions
NOI Build-Up for 5,000 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
$116.4K $23.28/SF
− Vacancy
−$8.6K −$1.72/SF
EGI
$107.8K $21.56/SF
− OpEx
−$48.5K −$9.70/SF
NOI
$59.3K $11.86/SF
Area
ZIP 19124
Vacancy
7.40%
Lease Rate
$23.28 /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%
$1,185,660
Cap Rate 7%
$846,900
Cap Rate 9%
$658,700
Alternative Uses
Best Use
Apartment 5plus
$846.9K
$741.0K – $988.1K
NOI $59,283 @ 7.0% cap · market cap 8.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,324 @ 7.0% cap · market cap 30.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,406
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Meadow House — 4649 Paul St, Philadelphia, PA 19124
- Krysha Patriz Mallari — 5364 jackson st, philadelphia, pa 191241565
- Sweet Haven Assisted Living — 4827 Oxford Ave, Philadelphia, PA 19124
- Richardson Group Senior Citizen — 1750 Bridge St, Philadelphia, PA 19124
Frequently Asked Questions
What type of property is this?
Assisted living facility - Two adjacent buildings provide a vacant, upgraded care setting with RSA-5 zoning and permitted personal-care use.
Where is this assisted living facility located?
The property is located at 1750-54 Bridge Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Licensed 20‑bed personal care facility in two adjacent buildings; 5,000 SF property built in 1965; Recent roof and HVAC system upgrades
