Mixed-Use Live/Work
For Sale
$210,000
2724 N 5TH STREET, Philadelphia, PA 19133
Move-in ready live/work building features reception, multiple office suites, three bathrooms, and an upstairs one-bedroom unit.
Property Size1,424 SF
Days on Market94
Property Features for 2724 N 5TH STREET
General Information
Standard status
Active
Size
1,424 SF
Property subtype
MixedUse
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,595
Building Details
Building Size
1,424 SF
Year Built
1915
Listing Agency:
Giraldo Real Estate Group
Listed By:
Sarah Duran · License #RS364623
(267) 709-5043
Source:
Patmckennarealtors
Added: Jun 8
Changed: Sep 4
Last Checked: Sep 9 at 6:29AM
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 Giraldo Real Estate Group
Investment Insights
Based on property information with market context.
This mixed-use live/work property includes a move-in ready first floor designed for business use. The layout features a reception and waiting area plus multiple designated office suites/studios. There are three bathrooms for staff and visitors, and a fully finished basement with a cafeteria/break room to support additional workspace or operational needs.
The property also includes a residential component upstairs, with a one-bedroom, one-bathroom unit. This configuration allows business and living space within the same building, offering convenience for an owner-operator or a tenant seeking an integrated setup.
As presented, the building offers a practical combination of office areas on the lower level and a complete residential unit above, supported by dedicated common amenities and finished lower-level space.
The property also includes a residential component upstairs, with a one-bedroom, one-bathroom unit. This configuration allows business and living space within the same building, offering convenience for an owner-operator or a tenant seeking an integrated setup.
As presented, the building offers a practical combination of office areas on the lower level and a complete residential unit above, supported by dedicated common amenities and finished lower-level space.
Key Highlights
- 1915 mixed‑use live/work building with move‑in ready commercial space and upstairs residential unit
- Main level includes reception and waiting area plus multiple designated office suites/studios
- Three bathrooms on the commercial level for staff and client convenience
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
$18,739
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
8.92%
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%
$374,780
$374.8K
Cap Rate 7%
$267,700
$267.7K
Cap Rate 9%
$208,211
$208.2K
Market Conditions
NOI Build-Up for 1,424 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
$31.3K $21.96/SF
− Vacancy
−$6.3K −$4.41/SF
EGI
$25.0K $17.55/SF
− OpEx
−$6.2K −$4.39/SF
NOI
$18.7K $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%
$374,780
Cap Rate 7%
$267,700
Cap Rate 9%
$208,211
Alternative Uses
Best Use
Office B
$267.7K
$234.2K – $312.3K
NOI $18,739 @ 7.0% cap · market cap 8.92%
Second Best
Mixed Use
$241.7K
$211.5K – $282.0K
NOI $16,917 @ 7.0% cap · market cap 8.06%
Theoretical Best
Multifamily LT 5
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Live-work space - Move-in ready live/work building features reception, multiple office suites, three bathrooms, and an upstairs one-bedroom unit.
Where is this live-work space located?
The property is located at 2724 N 5TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1915 mixed‑use live/work building with move‑in ready commercial space and upstairs residential unit; Main level includes reception and waiting area plus multiple designated office suites/studios; Three bathrooms on the commercial level for staff and client convenience
