Mixed-Use Portfolio with
For Sale
$230,000
Pending
331 South 52nd Street, Philadelphia, PA 19143
Multi-property offering combines ground-floor commercial space with renovated residential units in a walkable urban corridor.
Property Size1,116 SF
Days on Market410
Property Features for 331 South 52nd Street
General Information
Standard status
Pending
Size
1,116 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Taxes and HOA fees
Annual Taxes
$1,324
Amenities
No
No Pool
Building Details
Year Built
1925
Listing Agency:
Keller Williams Liberty Place
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Compass
Added: Jul 24, 2025
Changed: Aug 29
Last Checked: Sep 5 at 4:33PM
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.
This mixed-use portfolio comprises 10 properties with approximately ±35,000 square feet and up to 39 total units. Buildings generally place commercial space at street level with apartments above, and several residences received substantial renovations in the early 2020s. Improvements include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, central air, contemporary finishes, and updated fire and sprinkler systems. The offering includes park-front, corner, and contiguous parcels, with properties available individually or as a portfolio. Zoning is CMX2.
The assets are concentrated along a five-block section of the 52nd Street corridor between Market Street and Larchwood Avenue in Philadelphia. The surrounding area includes the University of Pennsylvania, Drexel University, Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak’s 30th Street Station. The portfolio carries an in-place stabilized cap rate of 9.5%.
The assets are concentrated along a five-block section of the 52nd Street corridor between Market Street and Larchwood Avenue in Philadelphia. The surrounding area includes the University of Pennsylvania, Drexel University, Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak’s 30th Street Station. The portfolio carries an in-place stabilized cap rate of 9.5%.
Key Highlights
- Up to 39 total units across the portfolio
- 10 properties totaling approximately ±35,000 square feet
- Mixed‑use buildings with commercial space below and apartments above
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
$19,452
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
8.46%
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%
$389,040
$389.0K
Cap Rate 7%
$277,886
$277.9K
Cap Rate 9%
$216,133
$216.1K
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
$33.5K $30.00/SF
− Vacancy
−$5.7K −$5.10/SF
EGI
$27.8K $24.90/SF
− OpEx
−$8.3K −$7.47/SF
NOI
$19.5K $17.43/SF
Area
ZIP 19143
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$389,040
Cap Rate 7%
$277,886
Cap Rate 9%
$216,133
Alternative Uses
Best Use
Retail
$277.9K
$243.2K – $324.2K
NOI $19,452 @ 7.0% cap · market cap 8.46%
Second Best
Mixed Use
$215.2K
$188.3K – $251.1K
NOI $15,066 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$382.5K
$334.7K – $446.3K
NOI $26,775 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,568
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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 - Multi-property offering combines ground-floor commercial space with renovated residential units in a walkable urban corridor.
Where is this mixed-use property located?
The property is located at 331 South 52nd Street 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: Up to 39 total units across the portfolio; 10 properties totaling approximately ±35,000 square feet; Mixed‑use buildings with commercial space below and apartments above
