Three-Story Mixed-Use
For Sale
$1,250,000
1557 1557-1559 N 29th St, Philadelphia, PA 19121
Corner property combines five residential apartments with a ground-floor commercial space carrying a liquor license.
Property Size4,500 SF
Price / SF$277.78
Days on Market50
Property Features for 1557 1557-1559 N 29th St
General Information
Standard status
Active
Size
4,500 SF
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
Stories
3
Tenancy
Multi
Listing Agency:
Opulent Realty Group LLC
Listed By:
Amyia Saihra Mccarthy · License #RS345785
(314) 584-9164
Source:
Bethsamberg
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 2:17PM
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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Investment Insights
Based on property information with market context.
This 4,500-square-foot mixed-use property was built in 1925 and contains six total units across three floors. The second and third levels are configured with five residential apartments, including one- and two-bedroom layouts. A commercial unit occupies the ground floor and carries a liquor license, subject to PLCB approval for transfer. The 1557 portion has updated kitchens, bathrooms, flooring, paint, and mechanical systems, while the remaining residential units offer a phased renovation plan.
Positioned at 1557-1559 N 29th Street in Philadelphia’s Brewerytown/Sharswood corridor, the building occupies a corner with frontage on two streets. Separate rear access supports independent 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 canopy.
Positioned at 1557-1559 N 29th Street in Philadelphia’s Brewerytown/Sharswood corridor, the building occupies a corner with frontage on two streets. Separate rear access supports independent 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 canopy.
Key Highlights
- 4,500‑square‑foot, three‑story mixed‑use building constructed in 1925
- Six total units: five residential apartments plus one ground‑floor commercial unit
- Ground‑floor commercial space carries a liquor license, subject to PLCB approval
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.
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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
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner property combines five residential apartments with a ground-floor commercial space carrying a liquor license.
Where is this mixed-use property located?
The property is located at 1557 1557-1559 N 29th St 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: 4,500‑square‑foot, three‑story mixed‑use building constructed in 1925; Six total units: five residential apartments plus one ground‑floor commercial unit; Ground‑floor commercial space carries a liquor license, subject to PLCB approval
