Mixed-Use Property with Two
New
For Sale
$450,000
3300 PRINCETON AVE, Philadelphia, PA 19149
Multi-Family, PHILADELPHIA, PA
Property Size1,360 SF
Lot Size0.04 Acres
Price / SF$330.88
Days on Market2
Property Features for 3300 PRINCETON AVE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,360 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4424
Utilities
Heating system
Other (Heating), Baseboard, Hot Water(Heating)
Cooling system
Central Air, Window Unit(s)
Building Details
Year built
1950
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Century 21 Advantage Gold-Southampton · Century 21 Real Estate
(215) 322-7050
Listed By:
Connery Koski · License #AB069215
(215) 954-4414
Added: Sep 8
Last Checked: Sep 9 at 6:06PM
MLS# PAPH2668130
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-level commercial area with two residential apartments above. The second- and third-floor units each offer 2 bedrooms and 1 bath, while the ground-floor space is currently operated as a salon. Delivery includes the salon area and the third-floor apartment vacant, allowing for new leasing, owner occupancy, or another supported use of the existing spaces.
The property contains 1,360 square feet on a 0.0446-acre lot and carries CMX-1 zoning. Built in 1950 with masonry construction, it features baseboard and hot-water heating along with central air and window-unit cooling. The building is positioned along Rowland Avenue in Northeast Philadelphia and is addressed at 3300 Princeton Ave.
The property contains 1,360 square feet on a 0.0446-acre lot and carries CMX-1 zoning. Built in 1950 with masonry construction, it features baseboard and hot-water heating along with central air and window-unit cooling. The building is positioned along Rowland Avenue in Northeast Philadelphia and is addressed at 3300 Princeton Ave.
Key Highlights
- CMX‑1 zoning with commercial and residential components
- 1,360 square feet on a 0.0446‑acre lot
- Two 2‑bedroom, 1‑bath residential units
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
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-1-zoned property combining commercial space with two residential units in a masonry building.
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 zoning with commercial and residential components; 1,360 square feet on a 0.0446‑acre lot; Two 2‑bedroom, 1‑bath residential units
