Mixed-Use Building with Commercial
New
For Sale
$895,000
4053 MARKET STREET, Philadelphia, PA 19104
Three second-floor residences sit above a multi-space commercial layout on the ground level.
Property Size3,524 SF
Days on Market6
Property Features for 4053 MARKET STREET
General Information
Standard status
Active
Size
3,524 SF
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$8,632
Building Details
Building Size
3,524 SF
Year Built
1965
Listing Agency:
Keller Williams Main Line
Listed By:
Lily L Wu · License #RS314264
(610) 761-6426
Source:
Patmckennarealtors
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 3 at 12:30AM
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
Investment Insights
Based on property information with market context.
This mixed-use property contains three residential units on the second floor and approximately 2,200 SF of commercial space on the first floor. The ground level has a multi-space layout. Interior work completed in 2006 included demolition and reconstruction, new partitions and flooring, and installation of a sprinkler system. The property was built in 1965 and is offered as-is.
CMX-4 zoning applies. SEPTA service, the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, neighborhood shops and restaurants, and Center City Philadelphia are identified nearby. Any renovation, repositioning, or redevelopment would be subject to applicable zoning, permitting, and approvals.
CMX-4 zoning applies. SEPTA service, the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, neighborhood shops and restaurants, and Center City Philadelphia are identified nearby. Any renovation, repositioning, or redevelopment would be subject to applicable zoning, permitting, and approvals.
Key Highlights
- Three residential units on the second floor
- Approximately 2,200 SF of first‑floor commercial area
- CMX‑4 zoning
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
$55,431
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
6.19%
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%
$1,108,620
$1.1M
Cap Rate 7%
$791,871
$791.9K
Cap Rate 9%
$615,900
$615.9K
Market Conditions
NOI Build-Up for 3,524 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
$107.0K $30.36/SF
− Vacancy
−$6.2K −$1.76/SF
EGI
$100.8K $28.60/SF
− OpEx
−$45.4K −$12.87/SF
NOI
$55.4K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$1,108,620
Cap Rate 7%
$791,871
Cap Rate 9%
$615,900
Alternative Uses
Best Use
Apartment 5plus
$791.9K
$692.9K – $923.9K
NOI $55,431 @ 7.0% cap · market cap 6.19%
Second Best
Mixed Use
$598.1K
$523.3K – $697.8K
NOI $41,865 @ 7.0% cap · market cap 4.68%
Theoretical Best
Multifamily LT 5
$859.1K
$751.7K – $1.00M
NOI $60,137 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Check the figures for this property
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 - Three second-floor residences sit above a multi-space commercial layout on the ground level.
Where is this mixed-use property located?
The property is located at 4053 MARKET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Three residential units on the second floor; Approximately 2,200 SF of first‑floor commercial area; CMX‑4 zoning
