Mixed-Use Property with Private
For Sale
$749,999
1545 W Passyunk Ave, Philadelphia, PA 19145
Two ground-floor commercial suites accompany a renovated upper-level apartment with private outdoor access and rooftop views.
Property Size3,805 SF
Price / SF$197.11
Days on Market55
Property Features for 1545 W Passyunk Ave
General Information
Standard status
Active
Size
3,805 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
private deck
roof access
Building Details
Year Built
1925
Buildings
2
Stories
3
Tenancy
Multi
Listing Agency:
Target Realty
Listed By:
Dat Duong
(215) 218-0939
Source:
Upgradebymichaud
Added: Jul 12
Changed: Aug 31
Last Checked: Sep 1 at 8:50PM
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 Target Realty
Investment Insights
Based on property information with market context.
This 3,805 SF mixed-use property combines two commercial suites on the ground floor with a residential apartment occupying the second and third floors. The commercial spaces measure approximately 900–1,100 sqft each; one tenant has renewed for another 5 years, while the neighboring suite is available for a new retail or office occupant. The upper residence offers 3 bedrooms, 1.5 baths, almost 2000 sqft of living space, a private deck, and roof access. It has been recently renovated and is occupied by new tenants.
The property consists of two buildings legally consolidated under 1545 W Passyunk Ave. Bus and subway service, Starbucks, banks, a hospital, and East Passyunk are within walking distance. The Stadium district, Navy Yard, and FDR Park are a few minutes away by car. Built in 1925, the property is presented with an over 8% cap rate based on current income.
The property consists of two buildings legally consolidated under 1545 W Passyunk Ave. Bus and subway service, Starbucks, banks, a hospital, and East Passyunk are within walking distance. The Stadium district, Navy Yard, and FDR Park are a few minutes away by car. Built in 1925, the property is presented with an over 8% cap rate based on current income.
Key Highlights
- 3,805 SF mixed‑use property at 1545 W Passyunk Ave
- Two ground‑floor commercial units of approximately 900–1100 sqft each
- Almost 2000 sqft, 3‑bedroom, 1.5‑bath apartment across the second and third floors
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
$59,851
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
7.98%
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%
$1,197,020
$1.2M
Cap Rate 7%
$855,014
$855.0K
Cap Rate 9%
$665,011
$665.0K
Market Conditions
NOI Build-Up for 3,805 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
$115.5K $30.36/SF
− Vacancy
−$6.7K −$1.76/SF
EGI
$108.8K $28.60/SF
− OpEx
−$49.0K −$12.87/SF
NOI
$59.9K $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%
$1,197,020
Cap Rate 7%
$855,014
Cap Rate 9%
$665,011
Alternative Uses
Best Use
Apartment 5plus
$855.0K
$748.1K – $997.5K
NOI $59,851 @ 7.0% cap · market cap 7.98%
Second Best
Mixed Use
$645.8K
$565.0K – $753.4K
NOI $45,203 @ 7.0% cap · market cap 6.03%
Theoretical Best
Multifamily LT 5
$927.6K
$811.7K – $1.08M
NOI $64,932 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,681
Businesses Nearby
93k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 19%
Electronics 2%
Apparel 2%
Citizens Bank
Shops & Services
16,632 visits/mo
0.2 miles
TD Bank
Shops & Services
14,055 visits/mo
0.2 miles
Lukoil
Shops & Services
12,912 visits/mo
0.5 miles
Conoco
Shops & Services
10,085 visits/mo
0.5 miles
Wells Fargo
Shops & Services
8,249 visits/mo
0.2 miles
Demographics for 19145, PA
47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
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 ground-floor commercial suites accompany a renovated upper-level apartment with private outdoor access and rooftop views.
Where is this mixed-use property located?
The property is located at 1545 W Passyunk Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: 3,805 SF mixed‑use property at 1545 W Passyunk Ave; Two ground‑floor commercial units of approximately 900–1100 sqft each; Almost 2000 sqft, 3‑bedroom, 1.5‑bath apartment across the second and third floors
