Mixed-Use Property with
For Sale
$625,000
3547 Kensington Avenue, Philadelphia, PA 19134
Two connected commercial buildings combine storefront, residential, and warehouse components under CMX2 zoning.
Property Size7,000 SF
Price / SF$89.29
Days on Market240
Property Features for 3547 Kensington Avenue
General Information
Standard status
Active
Size
7,000 SF
Total Parking Spaces
5
Property subtype
Multi-Family / Fee Simple
Zoning
CMX2
Site & Location
Frontage
40 ft
Road Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
4,000 SF
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$7,158
Amenities
full bath and laundry
high ceilings
concrete floors
power on every level
20-foot roll-up garage door
No
Electric Alarm
No Pool
Above Grade
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Compass Pennsylvania, LLC
(215) 317-9661
Listed By:
Mark Taubman · License #RS361541
(215) 317-9661
Source:
Compass
Added: Jan 2
Changed: Aug 30
Last Checked: Aug 30 at 8:03AM
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 Compass Pennsylvania, LLC
Investment Insights
Based on property information with market context.
This CMX2-zoned mixed-use property includes two buildings with distinct commercial, residential, and industrial components. The Kensington Avenue building has a finished first-floor storefront with a full bath and laundry, plus a roughed-in two-bedroom apartment above. A separate one-bedroom unit is in mid-renovation. The property also includes a three-story warehouse reached from Ruth Street, with nearly 4,000 square feet, high ceilings, concrete floors, power on every level, and a 20-foot roll-up garage door.
The warehouse’s first floor provides parking for up to five vehicles and can support loading or storage functions. The site is near the Tioga El stop and includes proximity to Caphe Roasters, Cantina la Martina, and MaKen Studios. Its address places the property in Philadelphia’s 19134 MLS area.
The warehouse’s first floor provides parking for up to five vehicles and can support loading or storage functions. The site is near the Tioga El stop and includes proximity to Caphe Roasters, Cantina la Martina, and MaKen Studios. Its address places the property in Philadelphia’s 19134 MLS area.
Key Highlights
- CMX2‑zoned mixed‑use property with two buildings
- Three‑story warehouse with nearly 4,000 square feet
- 20‑foot roll‑up garage door accessed from Ruth Street
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
$51,391
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
8.22%
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%
$1,027,820
$1.0M
Cap Rate 7%
$734,157
$734.2K
Cap Rate 9%
$571,011
$571.0K
Market Conditions
NOI Build-Up for 7,000 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
$79.8K $11.40/SF
− Vacancy
−$6.4K −$0.91/SF
EGI
$73.4K $10.49/SF
− OpEx
−$22.0K −$3.15/SF
NOI
$51.4K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /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%
$1,027,820
Cap Rate 7%
$734,157
Cap Rate 9%
$571,011
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.39M
NOI $83,160 @ 7.0% cap · market cap 13.31%
Second Best
Retail
$1.13M
$988.9K – $1.32M
NOI $79,115 @ 7.0% cap · market cap 12.66%
Theoretical Best
Multifamily LT 5
$1.71M
$1.49M – $1.99M
NOI $119,454 @ 7.0% cap · market cap 19.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected commercial buildings combine storefront, residential, and warehouse components under CMX2 zoning.
Where is this mixed-use property located?
The property is located at 3547 Kensington Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: CMX2‑zoned mixed‑use property with two buildings; Three‑story warehouse with nearly 4,000 square feet; 20‑foot roll‑up garage door accessed from Ruth Street
