Three-Story Mixed-Use
New
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 Market5
Property Features for 1557 1557-1559 N 29th St
General Information
Standard status
Active
Size
4,500 SF
Site & Location
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
(314) 584-9164
Source:
Bethsamberg
Added: Sep 10
Last Checked: Sep 13 at 3:32PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,783
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
