Mixed-Use Property with
For Sale
$675,000
201 North 60th Street, Philadelphia, PA 19139
First-floor commercial space is paired with a finished two-bedroom apartment above.
Property Size3,000 SF
Price / SF$239.36
Days on Market237
Property Features for 201 North 60th Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$1,415
Amenities
No
Level Entry - Main
No Pool
Above Grade, Below Grade
Building Details
Year Built
1925
Buildings
1
Stories
3
Building Size
3,000 SF
Abandoned
No
Listing Agency:
Keller Williams Main Line
(267) 252-1455
Listed By:
Starr Smith · License #1859517111111
(267) 252-1455
Source:
Compass
Added: Jan 5
Changed: Aug 29
Last Checked: Aug 29 at 4:09PM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
Located at 201 North 60th Street in Philadelphia, this CMX1-zoned mixed-use property combines commercial and residential space within a three-level building. The main level provides flexible commercial space suitable for retail, office, or service-oriented use, while the upper floors contain a two-bedroom, one-bath apartment. The residence includes appliances, cabinetry, flooring, lighting, and fixtures described as updated, along with level entry at the main floor.
The property is in West Philadelphia within ZIP Code 19139, near shops, public transportation, and schools. Its configuration supports a live/work arrangement or separate commercial and residential occupancy. The building was constructed in 1925 and includes above-grade and below-grade areas.
The property is in West Philadelphia within ZIP Code 19139, near shops, public transportation, and schools. Its configuration supports a live/work arrangement or separate commercial and residential occupancy. The building was constructed in 1925 and includes above-grade and below-grade areas.
Key Highlights
- CMX1 zoning in Philadelphia
- Three‑level mixed‑use building with commercial space on the first floor
- Two‑bedroom, one‑bath apartment across the second and third floors
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
$37,110
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
5.50%
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%
$742,200
$742.2K
Cap Rate 7%
$530,143
$530.1K
Cap Rate 9%
$412,333
$412.3K
Market Conditions
NOI Build-Up for 2,820 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
$61.9K $21.96/SF
− Vacancy
−$12.4K −$4.41/SF
EGI
$49.5K $17.55/SF
− OpEx
−$12.4K −$4.39/SF
NOI
$37.1K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$742,200
Cap Rate 7%
$530,143
Cap Rate 9%
$412,333
Alternative Uses
Best Use
Office B
$530.1K
$463.9K – $618.5K
NOI $37,110 @ 7.0% cap · market cap 5.50%
Second Best
Mixed Use
$478.6K
$418.8K – $558.4K
NOI $33,502 @ 7.0% cap · market cap 4.96%
Theoretical Best
Multifamily LT 5
$687.5K
$601.5K – $802.1K
NOI $48,123 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor commercial space is paired with a finished two-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 201 North 60th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: CMX1 zoning in Philadelphia; Three‑level mixed‑use building with commercial space on the first floor; Two‑bedroom, one‑bath apartment across the second and third floors
