Mixed-Use Corner
New
For Sale
$569,900
2329 CUMBERLAND STREET, Philadelphia, PA 19125
Commercial zoning supports business use alongside an updated upstairs residential unit and live-work flexibility.
Property Size2,295 SF
Price / SF$248.32
Days on Market5
Property Features for 2329 CUMBERLAND STREET
General Information
Standard status
Active
Size
2,295 SF
Property subtype
Mixed Use
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$6,290
Amenities
Window Air Conditioning
3
Parking. Corner Lot.
On Street.
15.00 x 62.00
Corner.
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Keller Williams Real Estate-Langhorne
(215) 757-6100
Listed By:
Sherry Nunez · License #RS220405L
(267) 784-2535
Source:
Xome
Added: Sep 2
Changed: Sep 5
Last Checked: Sep 6 at 5:17AM
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 Real Estate-Langhorne
Investment Insights
Based on property information with market context.
This 2,295-square-foot mixed-use duplex at 2329 Cumberland Street combines a commercial-oriented ground-floor layout with an updated second-floor residence. The upstairs unit includes two bedrooms and two bathrooms, offering residential occupancy, additional income potential, or live-work use as described. Window air conditioning is installed, and the property was built in 1915.
Positioned on a corner lot measuring 15.00 x 62.00, the property benefits from street-facing placement and on-street parking. Commercial zoning supports a range of business applications, while the duplex configuration retains a residential component. The Philadelphia address places the property within the city’s neighborhood setting.
Positioned on a corner lot measuring 15.00 x 62.00, the property benefits from street-facing placement and on-street parking. Commercial zoning supports a range of business applications, while the duplex configuration retains a residential component. The Philadelphia address places the property within the city’s neighborhood setting.
Key Highlights
- 2,295‑square‑foot mixed‑use duplex
- Updated upstairs unit with 2 bedrooms and 2 bathrooms
- Commercial zoning supports business use
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
$39,164
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
6.87%
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%
$783,280
$783.3K
Cap Rate 7%
$559,486
$559.5K
Cap Rate 9%
$435,156
$435.2K
Market Conditions
NOI Build-Up for 2,295 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
$59.2K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$55.9K $24.38/SF
− OpEx
−$16.8K −$7.31/SF
NOI
$39.2K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$783,280
Cap Rate 7%
$559,486
Cap Rate 9%
$435,156
Alternative Uses
Best Use
Multifamily LT 5
$559.5K
$489.6K – $652.7K
NOI $39,164 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$515.7K
$451.2K – $601.7K
NOI $36,099 @ 7.0% cap · market cap 6.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning supports business use alongside an updated upstairs residential unit and live-work flexibility.
Where is this mixed-use property located?
The property is located at 2329 CUMBERLAND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: 2,295‑square‑foot mixed‑use duplex; Updated upstairs unit with 2 bedrooms and 2 bathrooms; Commercial zoning supports business use
