Mixed-Use Live/Work
2724 N 5th St Philadelphia, PA 19133
New
For Sale
$210,000
Move-in ready live/work building features reception, multiple office suites, three bathrooms, and an upstairs one-bedroom unit.
Property Size1,424 SF
Price / SF$147.47
Days on Market6
Property Features for 2724 N 5th St
General Information
- Standard status
- Active
- Size
- 1,424 SF
Building Details
- Year Built
- 1915
Listing Agency:
Giraldo Real Estate Group
(215) 745-0101
Listed By:
Sarah Duran · License #RS364623
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 25 at 12:50PM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $21.96 |
| − Vacancy | −$6.3k | −$4.41 |
| EGI | $25.0k | $17.55 |
| − OpEx | −$6.2k | −$4.39 |
| NOI | $18.7k | $13.16 |
1,424 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Excel Medical Center ...
Physician
Dr. Arun Mohanty
Physician
FAQs
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 St 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
