Three-Story Corner Mixed-Use
For Sale
$1,250,000
1557-1559 N 29TH STREET, Philadelphia, PA 19121
Ground-floor commercial space includes a liquor license, while separate rear access serves the residential circulation.
Property Size4,500 SF
Price / SF$277.78
Days on Market50
Property Features for 1557-1559 N 29TH STREET
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Philadelphia
Corner Location
Yes
Road Access
Yes
Additional Details
Asking Price
$1,250,000
Liquor License
Yes
Multifamily Units
5
Building Details
Year Built
1925
Buildings
2
Stories
3
Tenancy
Multi
Listing Agency:
Opulent Realty Group LLC
(610) 206-3955
Listed By:
Amyia Saihra Mccarthy · License #rs345785
(314) 584-9164
Source:
Cummingsrealtors
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 24 at 6:13PM
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 Opulent Realty Group LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The three-story mixed-use building combines a ground-floor corner commercial unit with five residential rentals arranged across the second and third floors. Residential layouts include a mix of two-bedroom and one-bedroom units. One portion at 1557 N 29th Street has been remodeled with updated kitchens, bathrooms, flooring, paint, and mechanical systems. The commercial space includes a liquor license, with any transfer subject to PLCB approval.
Located at 1557-1559 N 29th Street in Philadelphia’s Brewerytown/Sharswood corridor, the property has two full street frontages at the corner, supporting storefront exposure, signage, and natural light. Rear access separates residential circulation from the commercial entrance. Architectural renderings depict a potential exterior repositioning with full-height glazing, wood and charcoal cladding, restored brick, and a steel entry canopy. The property was built in 1925.
Located at 1557-1559 N 29th Street in Philadelphia’s Brewerytown/Sharswood corridor, the property has two full street frontages at the corner, supporting storefront exposure, signage, and natural light. Rear access separates residential circulation from the commercial entrance. Architectural renderings depict a potential exterior repositioning with full-height glazing, wood and charcoal cladding, restored brick, and a steel entry canopy. The property was built in 1925.
Key Highlights
- Three‑story corner mixed‑use property at 1557‑1559 N 29th Street
- Ground‑floor commercial unit carries a liquor license, subject to PLCB approval for transfer
- Five residential rentals across the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,783
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,415,660
$1.4M
Cap Rate 7%
$1,011,186
$1.0M
Cap Rate 9%
$786,478
$786.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$136.6K $30.36/SF
− Vacancy
−$7.9K −$1.76/SF
EGI
$128.7K $28.60/SF
− OpEx
−$57.9K −$12.87/SF
NOI
$70.8K $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%
$1,415,660
Cap Rate 7%
$1,011,186
Cap Rate 9%
$786,478
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$884.8K – $1.18M
NOI $70,783 @ 7.0% cap · market cap 5.66%
Second Best
Mixed Use
$763.7K
$668.3K – $891.0K
NOI $53,460 @ 7.0% cap · market cap 4.28%
Theoretical Best
Multifamily LT 5
$1.10M
$959.9K – $1.28M
NOI $76,792 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space includes a liquor license, while separate rear access serves the residential circulation.
Where is this mixed-use property located?
The property is located at 1557-1559 N 29TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑story corner mixed‑use property at 1557‑1559 N 29th Street; Ground‑floor commercial unit carries a liquor license, subject to PLCB approval for transfer; Five residential rentals across the second and third floors
