Mixed-Use Portfolio with 26
For Sale
$2,500,000
2844-48 N 5th Street Philadelphia, Philadelphia, PA 19133
Portfolio includes commercial and residential space across 26 total units, with five street parcels in one sale.
Property Size16,227 SF
Price / SF$154.06
Days on Market48
Property Features for 2844-48 N 5th Street Philadelphia
General Information
Standard status
Active
Size
16,227 SF
Zoning
CMX25
Taxes and HOA fees
Annual Taxes
$4,304
Building Details
Year Built
1920
Listing Agency:
(609) 881-2414
Listed By:
Carl SanFilippo
(609) 881-2414
Source:
Mercercountyhomesforsale
Added: Jun 30
Changed: Aug 14
Last Checked: Aug 14 at 7:08AM
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 Carl SanFilippo
Investment Insights
Based on property information with market context.
This for-sale portfolio includes over 16,227 square feet of combined commercial and residential space. The offering totals 26 units across commercial and residential configurations, providing a mixed-use structure that can be operated as-is or reworked by a new owner.
The sale includes five parcel addresses: 2844-48 N 5th St, 2850 N 5th St, 2852 N 5th St, 2854 N 5th St, and 2856 N 5th St, all located in Philadelphia, PA. The multi-parcel setup allows the portfolio to be evaluated as a single investment while still maintaining separate street addresses within the group.
For investors and owner-operators, the practical appeal is the immediate ability to collect rental income while assessing future leasing or property improvements. For buyers who prefer active management, the mix of commercial and residential units can support tenanting strategy across both use types, all within a single bundled transaction containing 26 total units.
The sale includes five parcel addresses: 2844-48 N 5th St, 2850 N 5th St, 2852 N 5th St, 2854 N 5th St, and 2856 N 5th St, all located in Philadelphia, PA. The multi-parcel setup allows the portfolio to be evaluated as a single investment while still maintaining separate street addresses within the group.
For investors and owner-operators, the practical appeal is the immediate ability to collect rental income while assessing future leasing or property improvements. For buyers who prefer active management, the mix of commercial and residential units can support tenanting strategy across both use types, all within a single bundled transaction containing 26 total units.
Key Highlights
- Portfolio listing includes over 16,227 SF of commercial and residential space
- 26 total units across commercial and residential spaces
- Sale includes five street parcels: 2844‑48 N 5th St, 2850 N 5th St, 2852 N 5th St, 2854 N 5th St, and 2856 N 5th St
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
$192,777
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
7.71%
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%
$3,855,540
$3.9M
Cap Rate 7%
$2,753,957
$2.8M
Cap Rate 9%
$2,141,967
$2.1M
Market Conditions
NOI Build-Up for 16,227 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
$350.5K $21.60/SF
− Vacancy
−$42.1K −$2.59/SF
EGI
$308.4K $19.01/SF
− OpEx
−$115.7K −$7.13/SF
NOI
$192.8K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$3,855,540
Cap Rate 7%
$2,753,957
Cap Rate 9%
$2,141,967
Alternative Uses
Best Use
Apartment 5plus
$3.65M
$3.19M – $4.25M
NOI $255,243 @ 7.0% cap · market cap 10.21%
Second Best
Mixed Use
$2.75M
$2.41M – $3.21M
NOI $192,777 @ 7.0% cap · market cap 7.71%
Theoretical Best
Multifamily LT 5
$3.96M
$3.46M – $4.62M
NOI $276,912 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Portfolio includes commercial and residential space across 26 total units, with five street parcels in one sale.
Where is this mixed-use property located?
The property is located at 2844-48 N 5th Street Philadelphia Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Portfolio listing includes over 16,227 SF of commercial and residential space; 26 total units across commercial and residential spaces; Sale includes five street parcels: 2844‑48 N 5th St, 2850 N 5th St, 2852 N 5th St, 2854 N 5th St, and 2856 N 5th St
