Mixed-Use Property with Two
New
For Sale
$450,000
3300 PRINCETON AVE, Philadelphia, PA 19149
CMX-1 zoning supports a commercial space with two residential units in a flexible owner-user or leasing configuration.
Property Size1,360 SF
Days on Market5
Property Features for 3300 PRINCETON AVE
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Triplex
Zoning
CMX-1
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,424
Building Details
Building Size
1,360 SF
Year Built
1950
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Century 21 Advantage Gold-Southampton
Listed By:
Connery Koski · License #AB069215
(215) 954-4414
Source:
Mainlinekw
Added: Sep 8
Changed: Sep 10
Last Checked: Sep 12 at 10:18AM
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 Century 21 Advantage Gold-Southampton
Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-level salon with two residential apartments above. The second- and third-floor units each include two bedrooms and one bathroom, creating a three-level configuration with commercial space below and residential occupancy above. The salon and third-floor apartment are scheduled for delivery vacant, while the existing salon operation provides a defined commercial layout.
Located at 3300 Princeton Ave in Northeast Philadelphia, the property has commercial frontage along Rowland Avenue and is zoned CMX-1. The combination of storefront space, two apartments, and differing occupancy conditions allows for separate leasing, commercial occupancy, or owner-user use of the available space, subject to applicable requirements.
Located at 3300 Princeton Ave in Northeast Philadelphia, the property has commercial frontage along Rowland Avenue and is zoned CMX-1. The combination of storefront space, two apartments, and differing occupancy conditions allows for separate leasing, commercial occupancy, or owner-user use of the available space, subject to applicable requirements.
Key Highlights
- CMX‑1‑zoned mixed‑use property at 3300 Princeton Ave, Philadelphia, PA 19149
- Ground‑level commercial space currently operated as a salon
- Two residential apartments above the commercial space
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
$17,952
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
3.99%
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%
$359,040
$359.0K
Cap Rate 7%
$256,457
$256.5K
Cap Rate 9%
$199,467
$199.5K
Market Conditions
NOI Build-Up for 1,360 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
$32.6K $24.00/SF
− Vacancy
−$3.9K −$2.88/SF
EGI
$28.7K $21.12/SF
− OpEx
−$10.8K −$7.92/SF
NOI
$18.0K $13.20/SF
Area
ZIP 19149
Vacancy
12.00%
Lease Rate
$24.00 /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%
$359,040
Cap Rate 7%
$256,457
Cap Rate 9%
$199,467
Alternative Uses
Best Use
Apartment 5plus
$2.60M
$2.28M – $3.04M
NOI $182,276 @ 7.0% cap · market cap 40.51%
Second Best
Mixed Use
$256.5K
$224.4K – $299.2K
NOI $17,952 @ 7.0% cap · market cap 3.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 58%
Shops & Services 20%
Dining 17%
Electronics 5%
ShopRite
Groceries
46,340 visits/mo
0.3 miles
Save-A-Lot
Groceries
9,494 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,694 visits/mo
0.4 miles
TD Bank
Shops & Services
7,333 visits/mo
0.3 miles
PNC Bank
Shops & Services
5,421 visits/mo
0.2 miles
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-1 zoning supports a commercial space with two residential units in a flexible owner-user or leasing configuration.
Where is this mixed-use property located?
The property is located at 3300 PRINCETON AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: CMX‑1‑zoned mixed‑use property at 3300 Princeton Ave, Philadelphia, PA 19149; Ground‑level commercial space currently operated as a salon; Two residential apartments above the commercial space
