Mixed-Use Retail and Apartment
For Sale
$759,999
1545 W PASSYUNK Avenue, Philadelphia, PA 19145
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,805 SF
Lot Size0.04 Acres
Price / SF$199.74
Days on Market249
Property Features for 1545 W PASSYUNK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,805 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7854
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Target Realty · Century 21 Real Estate
(215) 218-0939
Listed By:
Dat Duong
(215) 218-0939
Added: Nov 24, 2025
Changed: Jul 20
Last Checked: Jul 31 at 5:06AM
MLS# PAPH2561532
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.
The property consists of two buildings that have been legally consolidated into a single address (1545 W Passyunk Avenue). The first floor features two long-term commercial units, with one commercial unit having been renewed for another five years and the adjacent unit currently available as a leasing opportunity.
The second and third floors provide one large 3-bedroom, 1.5-bath apartment spanning both building structures, with a private deck and roof access. The apartment has recently been renovated, and new tenants have already moved in.
Each downstairs commercial space is approximately 900 to 1,100 square feet. The building is within walking distance of public transit, and nearby amenities referenced include Starbucks, banks, and a hospital, with East Passyunk also nearby. The seller also notes that major destinations such as the stadium, Navy Yard, and FDR Park are only a few minutes’ drive.
The second and third floors provide one large 3-bedroom, 1.5-bath apartment spanning both building structures, with a private deck and roof access. The apartment has recently been renovated, and new tenants have already moved in.
Each downstairs commercial space is approximately 900 to 1,100 square feet. The building is within walking distance of public transit, and nearby amenities referenced include Starbucks, banks, and a hospital, with East Passyunk also nearby. The seller also notes that major destinations such as the stadium, Navy Yard, and FDR Park are only a few minutes’ drive.
Key Highlights
- Masonry building built in 1925 with central air and hot water/baseboard heating
- 2 commercial units on the first floor: approx. 900–1,100 SF each (one renewed for ~5 years; adjacent lease up)
- Upper 2nd/3rd floors feature a 3‑bedroom, 1.5‑bath apartment spanning almost 2,000 SF
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 | $98.2k | $25.80 |
| − Vacancy | −$5.4k | −$1.42 |
| EGI | $92.8k | $24.38 |
| − OpEx | −$27.8k | −$7.31 |
| NOI | $64.9k | $17.06 |
3,805 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$927.6K
$811.7K – $1.08M
NOI $64,932 @ 7.0% cap · market cap 8.54%
Second Best
Apartment 5plus
$855.0K
$748.1K – $997.5K
NOI $59,851 @ 7.0% cap · market cap 7.88%
Theoretical Best
—
—
same as Best Use
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
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Two first-floor commercial units plus a recently renovated 3-bedroom, 1.5-bath apartment spanning the upper floors.
Where is this triplex located?
The property is located at 1545 W PASSYUNK Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $759,999.
What are key features of this property?
This property features: Masonry building built in 1925 with central air and hot water/baseboard heating; 2 commercial units on the first floor: approx. 900–1,100 SF each (one renewed for ~5 years; adjacent lease up); Upper 2nd/3rd floors feature a 3‑bedroom, 1.5‑bath apartment spanning almost 2,000 SF
