Mixed-Use Building with Commercial
New
For Sale
$895,000
4053 MARKET Street, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size3,524 SF
Lot Size0.05 Acres
Price / SF$253.97
Days on Market4
Property Features for 4053 MARKET Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,524 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8632
Utilities
Heating system
Forced Air
Cooling system
Ductless, Central Air
Building Details
Year built
1965
Number of units
4
Building materials
Masonry
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Lily L Wu · License #RS314264
(610) 761-6426
Added: Sep 29
Last Checked: Oct 2 at 7:06AM
MLS# PAPH2675686
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,524-square-foot mixed-use building contains three second-floor residential units and approximately 2,200 square feet of first-floor commercial space. The commercial floor has a multi-space layout. A substantial interior renovation in 2006 involved rebuilding interior walls and partitions, installing new flooring, and adding a sprinkler system. The masonry property was built in 1965 and is offered as-is.
The 0.0505-acre site is in the CMX-4 zoning district. Nearby destinations include SEPTA transportation, the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, neighborhood retail and restaurants, and Center City Philadelphia. Heating is forced air; cooling includes ductless and central air. Parking is on street.
The 0.0505-acre site is in the CMX-4 zoning district. Nearby destinations include SEPTA transportation, the University of Pennsylvania, Drexel University, Penn Medicine, CHOP, neighborhood retail and restaurants, and Center City Philadelphia. Heating is forced air; cooling includes ductless and central air. Parking is on street.
Key Highlights
- Three second‑floor residential units
- Approximately 2,200 SF of first‑floor commercial space
- 3,524 square feet of building area on 0.0505 acres
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
Lease Details
3
Residential units
Yes
Sprinkler system
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, with CMX-4 zoning.
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 second‑floor residential units; Approximately 2,200 SF of first‑floor commercial space; 3,524 square feet of building area on 0.0505 acres
