Mixed-Use Building with Retail
New
For Sale
$715,000
1402-1404 N 52ND ST, Philadelphia, PA 19131
The property combines ground-floor business premises with three apartments in a fully occupied, commercially zoned building.
Property Size3,994 SF
Price / SF$179.02
Days on Market3
Property Features for 1402-1404 N 52ND ST
General Information
Standard status
Active
Size
3,994 SF
Property subtype
Multi-family
Occupancy
100%
Site & Location
Neighborhood
Cathedral Park
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
commercial, residential
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
3
Additional Details
Gross Income
$41,856
Tenant in Place
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Legal Real Estate LLC
(215) 965-9700
Listed By:
Katherine Mejia · License #RSS337013
(267) 269-9086
Source:
Palmerharned
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 4 at 2:51PM
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 Legal Real Estate LLC
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Investment Insights
Based on property information with market context.
At 1402-1404 N 52nd St, this 3,994-square-foot mixed-use building has two business spaces on the ground floor and three apartments above. The building is commercially zoned and fully occupied. Apartment details include a one-bedroom unit with exposed brick and a remodeled three-bedroom unit. Tenants pay all utilities.
The property is on 52nd Street, one block from its transportation hub. ShopRite, Lowe’s and Planet Fitness are within a five-minute walk; Fairmount Park and the Mann Center are also nearby. Center City is less than a 10-minute drive away.
The property is on 52nd Street, one block from its transportation hub. ShopRite, Lowe’s and Planet Fitness are within a five-minute walk; Fairmount Park and the Mann Center are also nearby. Center City is less than a 10-minute drive away.
Key Highlights
- 3,994‑square‑foot commercially zoned mixed‑use property
- Two ground‑floor business spaces and three apartments
- Fully occupied; tenants pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,824
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,480
$1.3M
Cap Rate 7%
$897,486
$897.5K
Cap Rate 9%
$698,044
$698.0K
Market Conditions
NOI Build-Up for 3,994 SF
Gross rent
$121.3K $30.36/SF
− Vacancy
−$7.0K −$1.76/SF
EGI
$114.2K $28.60/SF
− OpEx
−$51.4K −$12.87/SF
NOI
$62.8K $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 Rate 5%
$1,256,480
Cap Rate 7%
$897,486
Cap Rate 9%
$698,044
Alternative Uses
Best Use
Apartment 5plus
$897.5K
$785.3K – $1.05M
NOI $62,824 @ 7.0% cap · market cap 8.79%
Second Best
Mixed Use
$677.8K
$593.1K – $790.8K
NOI $47,449 @ 7.0% cap · market cap 6.64%
Theoretical Best
Multifamily LT 5
$973.7K
$852.0K – $1.14M
NOI $68,157 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,253
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines ground-floor business premises with three apartments in a fully occupied, commercially zoned building.
Where is this mixed-use property located?
The property is located at 1402-1404 N 52ND ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: 3,994‑square‑foot commercially zoned mixed‑use property; Two ground‑floor business spaces and three apartments; Fully occupied; tenants pay all utilities
