Mixed-Use Double-Lot Investment
3601 N 5th Street Philadelphia, PA 19140
3601 N 5th Street, Philadelphia, PA, 19140
$890,000
For Sale
$890,000
Leased auto shop plus residential shared-bedroom units, a vacant street-level barber shop, and rear garage parking/storage.
Property Size5,360 SF
Price / SF$166.04
Days on Market232
Property Features for 3601 N 5th Street
General Information
- Standard status
- Active
- Size
- 5,360 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1915
Listing agency
Canaan Realty Investment Group
(267) 574-5755
Listed by
Suzy Park · License #RS379690
(267) 574-5755
Source
Xome
Added: Dec 2, 2025 Updated: Jul 22 at 2:19PM Checked: Jul 22 at 2:19PM
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 Canaan Realty Investment Group
Investment Insights
Based on property information with market context.
This offering is a double-lot mixed-use investment property spanning 3601 to 3603 North 5th Street. The 3601 North 5th Street building includes 2nd and 3rd floor space with 10 fully licensed shared bedrooms, along with well-maintained shared bathrooms and shower facilities. In the rear of 3601 North 5th Street, there is also a two-bedroom apartment above the garage that can function as an additional rental unit. The 3603 North 5th Street portion is improved with an auto shop that is currently leased to an auto repair business.
At 3601 North 5th Street, there is also a street-level barber shop storefront that is currently vacant and available to lease for additional income. The property also provides a double garage space located at the rear of 3601 North 5th Street, supporting parking and storage needs. The configuration supports multiple rental streams across residential rooming setup, an apartment unit, the leased auto shop, the retail storefront, and the garage spaces, within a mixed-use zoning context.
At 3601 North 5th Street, there is also a street-level barber shop storefront that is currently vacant and available to lease for additional income. The property also provides a double garage space located at the rear of 3601 North 5th Street, supporting parking and storage needs. The configuration supports multiple rental streams across residential rooming setup, an apartment unit, the leased auto shop, the retail storefront, and the garage spaces, within a mixed-use zoning context.
Key Highlights
- 3601–3603 N. 5th St. double‑lot mixed‑use property with multiple rental income streams
- 3601 N. 5th St. features 10 fully licensed shared bedrooms on the 2nd & 3rd floors with shared bathrooms and shower facilities
- Rear of 3601 N. 5th St. includes a 2‑bedroom apartment above the garage plus a separate living unit
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.8k | $21.60 |
| − Vacancy | −$13.9k | −$2.59 |
| EGI | $101.9k | $19.01 |
| − OpEx | −$38.2k | −$7.13 |
| NOI | $63.7k | $11.88 |
5,360 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.41M
NOI $84,310 @ 7.0% cap · market cap 9.47%
Second Best
Mixed Use
$909.7K
$796.0K – $1.06M
NOI $63,677 @ 7.0% cap · market cap 7.15%
Theoretical Best
Multifamily LT 5
$1.31M
$1.14M – $1.52M
NOI $91,468 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lgm Auto Repair
Auto Repair Shop
Boss Auto Repair
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Leased auto shop plus residential shared-bedroom units, a vacant street-level barber shop, and rear garage parking/storage.
Where is this mixed-use property located?
The property is located at 3601 N 5th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 3601–3603 N. 5th St. double‑lot mixed‑use property with multiple rental income streams; 3601 N. 5th St. features 10 fully licensed shared bedrooms on the 2nd & 3rd floors with shared bathrooms and shower facilities; Rear of 3601 N. 5th St. includes a 2‑bedroom apartment above the garage plus a separate living unit
