Mixed-Use Property
2844 N 5TH STREET, Philadelphia, PA 19133
For Sale
$2,199,999
The assemblage combines commercial and residential units across five parcels.
Property Size16,227 SF
Price / SF$135.58
Days on Market238
Property Features for 2844 N 5TH STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Realty Mark Associates
Listed By:
John P Borelli · License PA RS211878L
(215) 534-2581
Source:
Wagnerrealestate
Added: Mar 18
Changed: Nov 8
Last Checked: Nov 9 at 9:20PM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
This mixed-use portfolio brings together 26 commercial and residential units across five parcels, with more than 16,227 square feet of combined space. The properties are located at 2844–2848, 2850, 2852, 2854, and 2856 N. 5th Street in Philadelphia.
Key Highlights
- 26 commercial and residential units across the portfolio
- More than 16,227 square feet of combined space
- Five parcels at 2844–2848, 2850, 2852, 2854, and 2856 N 5th St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,777
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
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
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 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 11.60%
Second Best
Mixed Use
$2.75M
$2.41M – $3.21M
NOI $192,777 @ 7.0% cap · market cap 8.76%
Theoretical Best
Multifamily LT 5
$3.96M
$3.46M – $4.62M
NOI $276,912 @ 7.0% cap · market cap 12.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
$85,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The assemblage combines commercial and residential units across five parcels.
Where is this mixed-use property located?
The property is located at 2844 N 5TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,199,999.
What are key features of this property?
This property features: 26 commercial and residential units across the portfolio; More than 16,227 square feet of combined space; Five parcels at 2844–2848, 2850, 2852, 2854, and 2856 N 5th St
