Mixed-Use Building with
3565 Kensington Avenue, Philadelphia, PA 19134
For Sale
$519,999
A leased ground-floor commercial space sits beneath a separate residential apartment in a renovated Philadelphia property.
Property Size2,500 SF
Price / SF$207
Days on Market9
Property Features for 3565 Kensington Avenue
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Road Access
Public Transit
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Amenities
Natural Gas
Yes
Lease agreements
Public
20.00 x 72.00
0.03
No
Assessor
On Street
2500.00
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Jon M O'Shea · License #AB069634
(267) 780-3419
Source:
Chennaultrealestate
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 7 at 1:01PM
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 Main Line
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Investment Insights
Based on property information with market context.
This renovated mixed-use property contains 2,500 square feet, with a commercial tenant on the ground level and a distinct apartment upstairs. The building dates to 1915 and has natural gas service. CMX3 zoning is reported for the property.
The building is located on Kensington Avenue in Philadelphia, where the corridor provides access to transit.
The building is located on Kensington Avenue in Philadelphia, where the corridor provides access to transit.
Key Highlights
- 2,500‑square‑foot mixed‑use building
- Ground‑floor commercial space has a tenant; separate apartment occupies the upper level
- CMX3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,700
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,000
$594.0K
Cap Rate 7%
$424,286
$424.3K
Cap Rate 9%
$330,000
$330.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$6.5K −$2.59/SF
EGI
$47.5K $19.01/SF
− OpEx
−$17.8K −$7.13/SF
NOI
$29.7K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,000
Cap Rate 7%
$424,286
Cap Rate 9%
$330,000
Alternative Uses
Best Use
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$403.7K
$353.2K – $470.9K
NOI $28,256 @ 7.0% cap · market cap 5.43%
Theoretical Best
Multifamily LT 5
$609.5K
$533.3K – $711.0K
NOI $42,662 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,933
Businesses Nearby
85k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 25%
Electronics 5%
Dining 1%
Save-A-Lot
Groceries
17,070 visits/mo
0.4 miles
Speedway
Shops & Services
13,509 visits/mo
0.4 miles
PNC Bank
Shops & Services
10,477 visits/mo
0.4 miles
AutoZone
Shops & Services
8,299 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,848 visits/mo
0.5 miles
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
$127,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A leased ground-floor commercial space sits beneath a separate residential apartment in a renovated Philadelphia property.
Where is this mixed-use property located?
The property is located at 3565 Kensington Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $519,999.
What are key features of this property?
This property features: 2,500‑square‑foot mixed‑use building; Ground‑floor commercial space has a tenant; separate apartment occupies the upper level; CMX3 zoning
