Renovated Mixed-Use
For Sale
$425,000
152 S 60TH STREET, Philadelphia, PA 19139
Two-level property combines a commercial shop with a three-bedroom apartment.
Property Size1,842 SF
Days on Market11
Property Features for 152 S 60TH STREET
General Information
Standard status
Active
Size
1,842 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Additional Details
Business Included
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,854
Building Details
Building Size
1,842 SF
Year Built
1915
Buildings
1
Listing Agency:
RE/MAX Preferred - Malvern
(215) 869-3846
Listed By:
HASAN MD YASIN AMIN · License #RS355970
(215) 869-3846
Source:
Patmckennarealtors
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 12 at 2:20PM
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 RE/MAX Preferred - Malvern
Investment Insights
Based on property information with market context.
Located at 152 S 60th Street in Philadelphia, this mixed-use property includes a commercial storefront on the first floor and a residential apartment above. The ground-floor space is configured as a cell phone repair and accessories shop with equipment in place, while the second level provides a three-bedroom, one-bath apartment.
Both portions of the property have been recently renovated. The building dates to 1915 and is situated near the 60th Street Market and the Frankford El, providing proximity to established neighborhood retail and public transportation.
Both portions of the property have been recently renovated. The building dates to 1915 and is situated near the 60th Street Market and the Frankford El, providing proximity to established neighborhood retail and public transportation.
Key Highlights
- First‑floor cell phone repair and accessories shop
- Second‑floor three‑bedroom, one‑bath apartment
- Both units recently renovated
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
$28,974
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
6.82%
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%
$579,480
$579.5K
Cap Rate 7%
$413,914
$413.9K
Cap Rate 9%
$321,933
$321.9K
Market Conditions
NOI Build-Up for 1,842 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
$55.9K $30.36/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$52.7K $28.60/SF
− OpEx
−$23.7K −$12.87/SF
NOI
$29.0K $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%
$579,480
Cap Rate 7%
$413,914
Cap Rate 9%
$321,933
Alternative Uses
Best Use
Apartment 5plus
$413.9K
$362.2K – $482.9K
NOI $28,974 @ 7.0% cap · market cap 6.82%
Second Best
Mixed Use
$312.6K
$273.5K – $364.7K
NOI $21,883 @ 7.0% cap · market cap 5.15%
Theoretical Best
Multifamily LT 5
$449.1K
$392.9K – $523.9K
NOI $31,434 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 22%
Electronics 5%
Wendy's
Dining
24,438 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,353 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,491 visits/mo
0.3 miles
Ace Cash Express
Shops & Services
2,719 visits/mo
0.2 miles
Boost Mobile
Electronics
2,451 visits/mo
0.1 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 - Two-level property combines a commercial shop with a three-bedroom apartment.
Where is this mixed-use property located?
The property is located at 152 S 60TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: First‑floor cell phone repair and accessories shop; Second‑floor three‑bedroom, one‑bath apartment; Both units recently renovated
