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 Market140
Property Features for 2724 N 5TH STREET
General Information
Standard status
Active
Size
1,424 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Fairhill
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: Oct 24
Last Checked: Oct 25 at 1:13AM
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
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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 / Yr
$18,739
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,299
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Philadelphia, PA
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
