Mixed-Use Corner Property
4400 Lancaster Ave, Philadelphia, PA 19104
Five-unit mixed-use property with strong rental income in Philadelphia.
Property size:
3,100 SFPrice / SF:
$225/SF- Added:
- Aug 22, 2025
- Days on Market:
- 283
- Last Refresh:
- May 25 at 8:24 pm
Property Features for 4400 Lancaster Ave
General Information
- Standard status
- Active
- Size
- 3,100 SF
Listing agent Eric Land License #RS363265 (609) 992-8248
Listing office KW Empower (609) 992-8248
Listing date Aug 22, 2025
Source Exprealty
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 KW Empower
HighLights
- High Gross Monthly Rental Income: $6,474/month from a 5‑unit mixed‑use property.
- Turnkey Investment: Gut‑renovated in 2017 with modern amenities like central air, hardwood floors, and granite countertops.
- Strong Cash Flow: Each unit generates substantial income, with a large commercial unit bringing in $2,500/month.
- Benefit from extremely low annual taxes of $1,246 due to a tax abatement.
- Property is certified lead‑free and equipped with a full sprinkler system and fire alarm panel.
- Includes off‑street parking in the rear and 3 common coin‑operated washers & dryers for additional income.
Overview
This mixed-use corner property in Philadelphia features five units, generating a gross monthly rental income of $6,474. Unit 1 is a commercial space spanning over 3,100 square feet with a monthly rent of $2,500. The residential units include Unit 2 renting for $1,135 per month, Unit 3 renting for $960 per month, and Unit 5 with an estimated rent of $945 per month. Unit 4 is currently vacant and rents for $1,025 per month. The property underwent a complete renovation in 2017, incorporating central air conditioning, hardwood floors, and granite countertops. It is certified lead-free and equipped with three coin-operated washers and dryers for additional income. The building is fully sprinklered and includes a fire alarm panel. Off-street parking is available at the rear of the property. The property benefits from a tax abatement, resulting in low annual taxes. It is legally zoned for its current use and is situated on a highly visible corner lot with convenient access to public transportation. New construction is planned for the near future in this neighborhood.
Local Financial Insights For Apartment 5plus
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 | $94.1k | $30.36 |
| − Vacancy | −$5.5k | −$1.76 |
| EGI | $88.7k | $28.60 |
| − OpEx | −$39.9k | −$12.87 |
| NOI | $48.8k | $15.73 |
3,100 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$696.6K
$609.5K – $812.7K
NOI $48,761 @ 7.0% cap · market cap 6.97%
Second Best
Mixed Use
$526.1K
$460.4K – $613.8K
NOI $36,828 @ 7.0% cap · market cap 5.26%
Theoretical Best
Multifamily LT 5
$755.7K
$661.3K – $881.7K
NOI $52,901 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
KHP Property Management ...
Real Estate Agency
The Perfect Place
Community Center
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.211939
- Latitude
- 39.968848
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Five-unit mixed-use property with strong rental income in Philadelphia.
Where is this mixed-use property located?
The property is located at 4400 Lancaster Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: High Gross Monthly Rental Income: $6,474/month from a 5‑unit mixed‑use property.; Turnkey Investment: Gut‑renovated in 2017 with modern amenities like central air, hardwood floors, and granite countertops.; Strong Cash Flow: Each unit generates substantial income, with a large commercial unit bringing in $2,500/month.
