Renovated Mixed-Use
For Sale
$230,000
Pending
329 S 52nd St, Philadelphia, PA 19139
Mixed-use buildings combine street-level commercial space with apartments in a walkable West Philadelphia corridor.
Property Size1,116 SF
Days on Market404
Property Features for 329 S 52nd St
General Information
Standard status
Pending
Size
1,116 SF
Property subtype
Residential Income
Additional Details
Sprinkler System
Yes
Multifamily Units
39
Taxes and HOA fees
Annual Taxes
$1,198
Amenities
in-unit washer/dryer
central air
Building Details
Buildings
10
Listing Agency:
Keller Williams Liberty Place
(610) 606-1095
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Exprealty
Added: Jul 22, 2025
Changed: Aug 21
Last Checked: Aug 28 at 1:23PM
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 Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
The West Philly Park Portfolio comprises ten mixed-use properties with approximately 35,000 square feet across a five-block stretch of the 52nd Street corridor. The offering includes ground-floor commercial units with residential apartments above, along with park-front, corner, and contiguous parcels. Properties are available individually or as a portfolio, with up to 39 total units and an in-place 9.5% stabilized cap rate.
Many buildings were comprehensively renovated in the early 2020s. Improvements include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, central air, and updated fire and sprinkler systems. The properties are located between Market Street and Larchwood Avenue, near the University of Pennsylvania, Drexel University, CHOP, HUP, the Science Center, Schuylkill Yards, and Amtrak’s 30th Street Station.
The surrounding area is supported by Philadelphia’s education, healthcare, and life sciences institutions, with the portfolio positioned just outside University City at 329 S 52nd St.
Many buildings were comprehensively renovated in the early 2020s. Improvements include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, central air, and updated fire and sprinkler systems. The properties are located between Market Street and Larchwood Avenue, near the University of Pennsylvania, Drexel University, CHOP, HUP, the Science Center, Schuylkill Yards, and Amtrak’s 30th Street Station.
The surrounding area is supported by Philadelphia’s education, healthcare, and life sciences institutions, with the portfolio positioned just outside University City at 329 S 52nd St.
Key Highlights
- Ten mixed‑use properties totaling approximately 35,000 square feet
- Up to 39 total units available individually or as a portfolio
- In‑place 9.5% stabilized cap rate
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
$17,554
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
7.63%
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%
$351,080
$351.1K
Cap Rate 7%
$250,771
$250.8K
Cap Rate 9%
$195,044
$195.0K
Market Conditions
NOI Build-Up for 1,116 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
$33.9K $30.36/SF
− Vacancy
−$2.0K −$1.76/SF
EGI
$31.9K $28.60/SF
− OpEx
−$14.4K −$12.87/SF
NOI
$17.6K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$351,080
Cap Rate 7%
$250,771
Cap Rate 9%
$195,044
Alternative Uses
Best Use
Apartment 5plus
$250.8K
$219.4K – $292.6K
NOI $17,554 @ 7.0% cap · market cap 7.63%
Second Best
Mixed Use
$189.4K
$165.7K – $221.0K
NOI $13,258 @ 7.0% cap · market cap 5.76%
Theoretical Best
Multifamily LT 5
$272.1K
$238.1K – $317.4K
NOI $19,044 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
39
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 - Mixed-use buildings combine street-level commercial space with apartments in a walkable West Philadelphia corridor.
Where is this mixed-use property located?
The property is located at 329 S 52nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: Ten mixed‑use properties totaling approximately 35,000 square feet; Up to 39 total units available individually or as a portfolio; In‑place 9.5% stabilized cap rate
