Mixed-Use Building with Private
For Sale
$744,999
1545 W PASSYUNK AVE, Philadelphia, PA 19145
Two commercial units support a renovated upper-level apartment with three bedrooms, 1.5 baths, and roof access.
Property Size3,805 SF
Price / SF$195.79
Days on Market48
Property Features for 1545 W PASSYUNK AVE
General Information
Standard status
Active
Size
3,805 SF
Property subtype
Multi-family
Site & Location
Neighborhood
Newbold
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1.5BA
Multifamily Units
1
Amenities
private deck
roof access
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Target Realty
Listed By:
Dat Duong
(215) 218-0939
Source:
Towncentermd
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 28 at 9:07AM
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
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Investment Insights
Based on property information with market context.
Legally consolidated from two buildings into one property, this mixed-use asset contains two first-floor commercial units and a residential component spanning the second and third floors. Each commercial space measures approximately 900–1,100 square feet; one tenant has renewed for another five years, while the neighboring unit is available for a new retail or office occupant.
The upper-level residence offers approximately 2,000 square feet of living space, three bedrooms, 1.5 baths, recent renovations, and a private deck with roof access. The deck provides views toward the Center City skyline. The property is located at 1545 W Passyunk Ave in Philadelphia, within walking distance of a bus stop, subway service, Starbucks, banks, a hospital, and East Passyunk. The Stadium area, Navy Yard, and FDR Park are a few minutes away by car.
The upper-level residence offers approximately 2,000 square feet of living space, three bedrooms, 1.5 baths, recent renovations, and a private deck with roof access. The deck provides views toward the Center City skyline. The property is located at 1545 W Passyunk Ave in Philadelphia, within walking distance of a bus stop, subway service, Starbucks, banks, a hospital, and East Passyunk. The Stadium area, Navy Yard, and FDR Park are a few minutes away by car.
Key Highlights
- 3,805 SF mixed‑use property at 1545 W PASSYUNK AVE, Philadelphia, PA 19145
- Two first‑floor commercial units, each approximately 900‑1,100 sqft
- Upper‑level apartment offers approximately 2000 sqft across the 2nd and 3rd floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,851
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
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
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 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 8.03%
Second Best
Mixed Use
$645.8K
$565.0K – $753.4K
NOI $45,203 @ 7.0% cap · market cap 6.07%
Theoretical Best
Multifamily LT 5
$927.6K
$811.7K – $1.08M
NOI $64,932 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial units support a renovated upper-level apartment with three bedrooms, 1.5 baths, and roof access.
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 $744,999.
What are key features of this property?
This property features: 3,805 SF mixed‑use property at 1545 W PASSYUNK AVE, Philadelphia, PA 19145; Two first‑floor commercial units, each approximately 900‑1,100 sqft; Upper‑level apartment offers approximately 2000 sqft across the 2nd and 3rd floors
