Mixed-Use Two-Unit
148 N 52ND Street Philadelphia, PA 19139
148 N 52ND Street, Philadelphia, PA, 19139
$350,000
For Sale
$350,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,830 SF
Lot Size0.04 Acres
Price / SF$191.26
Days on Market18
Property Features for 148 N 52ND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Kitchen - Eat-In
- Standard status
- Active
- Size
- 1,830 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 872
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agency
Keller Williams Real Estate - Media
(610) 565-1995
Listed by
Seyoum Gebremariam · License #RS365419
(610) 324-2065
Added: Jul 5 Checked: Jul 22 at 8:06AM
MLS# PAPH2644310
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit mixed-use property includes a first-floor convenience store and a second-floor 3-bedroom apartment. The store is currently operating in the evenings and at night, providing an established use for the street-level space. The apartment includes a kitchen and a full bath and is configured as a separate residential unit above the retail portion.
The property is located at 148 N 52ND Street in Philadelphia, PA 19139. It sits in a busy area, which may support continued retail activity and keep the residential unit connected to a high-visibility, commercial corridor setting. The lot size is listed at 0.0388 acres.
For tenants, buyers, or operators, the layout offers flexibility with two different spaces under one roof: a convenience store footprint below and a full residential unit above. This configuration can appeal to an owner-operator looking to combine retail operations with on-site housing, or to investors seeking a property that already has a retail use in place while also providing an independent apartment unit. The seller is open to negotiations with reasonable offers.
The property is located at 148 N 52ND Street in Philadelphia, PA 19139. It sits in a busy area, which may support continued retail activity and keep the residential unit connected to a high-visibility, commercial corridor setting. The lot size is listed at 0.0388 acres.
For tenants, buyers, or operators, the layout offers flexibility with two different spaces under one roof: a convenience store footprint below and a full residential unit above. This configuration can appeal to an owner-operator looking to combine retail operations with on-site housing, or to investors seeking a property that already has a retail use in place while also providing an independent apartment unit. The seller is open to negotiations with reasonable offers.
Key Highlights
- Two‑unit property with a first‑floor convenience store and a second‑floor 3‑bedroom apartment
- First‑floor convenience store currently operating evenings and nights
- Second‑floor unit includes a kitchen and a full bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.2k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $44.6k | $24.38 |
| − OpEx | −$13.4k | −$7.31 |
| NOI | $31.2k | $17.06 |
1,830 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$446.1K
$390.4K – $520.5K
NOI $31,229 @ 7.0% cap · market cap 8.92%
Second Best
Apartment 5plus
$411.2K
$359.8K – $479.8K
NOI $28,785 @ 7.0% cap · market cap 8.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
CnC Philadelphia Commercial ...
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Connie's Food Market — 5153 Walnut St, Philadelphia, PA 19139
- E&B Super Market — 447 S 55th St, Philadelphia, PA 19143
- The Fresh Grocer of 56th & Chestnut — 5601 Chestnut St, Philadelphia, PA 19139
- Larchwood Supermarket IV INC — 5800 Larchwood Ave, Philadelphia, PA 19143
- .. — 5562 Chancellor St, Philadelphia, PA 19139
FAQs
What type of property is this?
Grocery and convenience store - Convenience store on the first floor with a 3-bedroom apartment above, offering two distinct income-generating spaces.
Where is this grocery and convenience store located?
The property is located at 148 N 52ND Street 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 property with a first‑floor convenience store and a second‑floor 3‑bedroom apartment; First‑floor convenience store currently operating evenings and nights; Second‑floor unit includes a kitchen and a full bath
