Mixed-Use Building with Rooftop
For Sale
$744,999
1545 W PASSYUNK Avenue, Philadelphia, PA 19145
Multi-Family, PHILADELPHIA, PA
Property Size3,805 SF
Lot Size0.04 Acres
Price / SF$195.79
Days on Market340
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
Hot Water(Heating), Baseboard
Cooling system
Central Air
Amenities
private deck
roof access
Building Details
Year built
1925
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Target Realty · Century 21 Real Estate
Listed By:
Dat Duong
(215) 218-0939
Added: Nov 24, 2025
Changed: Oct 17
Last Checked: Oct 30 at 1:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This consolidated masonry mixed-use property contains 3,805 square feet across two adjoining buildings at 1545 W Passyunk Avenue. The ground level is divided into two commercial units, each approximately 900–1,100 square feet. One storefront is leased under a recently renewed five-year term, while the neighboring commercial space is available for a new retail or office occupant.
The second and third floors contain a recently renovated three-bedroom, 1.5-bath apartment with nearly 2,000 square feet of living area. The residence includes a private deck with roof access and views toward the Center City skyline. Building systems include baseboard and hot-water heating with central air conditioning, and parking is available on the street.
The property is within walking distance of bus and subway service, Starbucks, banks, and a hospital. East Passyunk is nearby, while the stadium area, Navy Yard, and FDR Park are a short drive away. The lot measures 0.039 acres, and the property was built in 1925.
The second and third floors contain a recently renovated three-bedroom, 1.5-bath apartment with nearly 2,000 square feet of living area. The residence includes a private deck with roof access and views toward the Center City skyline. Building systems include baseboard and hot-water heating with central air conditioning, and parking is available on the street.
The property is within walking distance of bus and subway service, Starbucks, banks, and a hospital. East Passyunk is nearby, while the stadium area, Navy Yard, and FDR Park are a short drive away. The lot measures 0.039 acres, and the property was built in 1925.
Key Highlights
- 3,805‑square‑foot mixed‑use property formed by legally consolidated adjoining buildings
- Two ground‑floor commercial units, each approximately 900–1,100 square feet
- Recently renovated three‑bedroom, 1.5‑bath apartment with nearly 2,000 square feet
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Consolidated masonry property combines two ground-floor commercial suites with a renovated upper-level apartment and private outdoor space.
Where is this mixed-use property located?
The property is located at 1545 W PASSYUNK Avenue 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‑square‑foot mixed‑use property formed by legally consolidated adjoining buildings; Two ground‑floor commercial units, each approximately 900–1,100 square feet; Recently renovated three‑bedroom, 1.5‑bath apartment with nearly 2,000 square feet
