Bi-Level Residential Income
For Sale
$399,000
1739 S 5TH STREET Unit UNIT B, Philadelphia, PA 19148
Upper-level condominium with luxury finishes, flexible living space, and a private rooftop deck.
Property Size1,204 SF
Days on Market23
Property Features for 1739 S 5TH STREET Unit UNIT B
General Information
Standard status
Active
Size
1,204 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$1,616
Building Details
Building Size
1,204 SF
Year Built
2024
Listing Agency:
KW Empower
Listed By:
Katherine McCann · License #RS335560
(609) 226-6578
Source:
Patmckennarealtors
Added: Aug 18
Changed: Sep 8
Last Checked: Sep 8 at 10:44AM
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 KW Empower
Investment Insights
Based on property information with market context.
Built in 2024, Unit B occupies the upper levels of a bi-level duplex condominium and offers three bedrooms, two full bathrooms, and a flexible interior arrangement. The main level combines an open living and dining area with high ceilings, wide-plank flooring, and a contemporary kitchen featuring shaker cabinetry, quartz countertops, tile backsplash, GE Cafe appliances, and a rounded island. One bedroom and a full bathroom are also located on this floor. Upstairs are two additional bedrooms, a laundry closet, and a second full bathroom with heated tile flooring. A private rooftop deck provides outdoor space with city views, while the unit also includes a video intercom and built-in outdoor speakers with AUX and Bluetooth connectivity.
The property is at 1739 S 5th Street in Philadelphia’s Pennsport area. E Moyamensing Avenue is one block south, with coffee shops, neighborhood businesses, and Dickinson Square Park nearby. E Passyunk Avenue, the 9th Street Italian Market, Columbus Boulevard retailers, public transit, I-95, and South Jersey are also accessible from the property. Approximately 8 years remain on the tax abatement.
The property is at 1739 S 5th Street in Philadelphia’s Pennsport area. E Moyamensing Avenue is one block south, with coffee shops, neighborhood businesses, and Dickinson Square Park nearby. E Passyunk Avenue, the 9th Street Italian Market, Columbus Boulevard retailers, public transit, I-95, and South Jersey are also accessible from the property. Approximately 8 years remain on the tax abatement.
Key Highlights
- 2024‑built upper‑level duplex condominium with a bi‑level layout
- Three bedrooms and two full bathrooms
- Private rooftop deck with city views
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
$18,938
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
4.75%
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%
$378,760
$378.8K
Cap Rate 7%
$270,543
$270.5K
Cap Rate 9%
$210,422
$210.4K
Market Conditions
NOI Build-Up for 1,204 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
$36.6K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$34.4K $28.60/SF
− OpEx
−$15.5K −$12.87/SF
NOI
$18.9K $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 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%
$378,760
Cap Rate 7%
$270,543
Cap Rate 9%
$210,422
Alternative Uses
Best Use
Apartment 5plus
$270.5K
$236.7K – $315.6K
NOI $18,938 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$293.5K
$256.8K – $342.4K
NOI $20,546 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level condominium with luxury finishes, flexible living space, and a private rooftop deck.
Where is this residential income property located?
The property is located at 1739 S 5TH STREET Unit UNIT B Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2024‑built upper‑level duplex condominium with a bi‑level layout; Three bedrooms and two full bathrooms; Private rooftop deck with city views
