4517 N BROAD STREET, Philadelphia, PA 19140

Building Details

Building Size 2,544 SF More

Year Built 1950 More

Tenancy Multi More

Listing Agency: RE/MAX Preferred - Cherry Hill

Listed By: ARAFAT FARHAT · License #RS352372 Show Phone

Source: Lizclarkrealestate

Added: Sep 19 Changed: Oct 31 Last Checked: Nov 6 at 5:11PM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a street-facing commercial area with two residential apartments above. The building contains 2,544 square feet and was built in 1950, with both residential units fully renovated and a new roof completing the recent improvements.

The property is positioned along North Broad Street in Philadelphia, with access to public transportation, major thoroughfares, Temple University Hospital, and nearby amenities. Its layout brings commercial and residential components together within a single building, offering an established mixed-use format for continued operation.

Key Highlights

• 2,544‑square‑foot mixed‑use building
• One street‑level commercial space
• Two fully renovated residential apartments

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,223

Cap Rate

8.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$604,460 $604.5K

Cap Rate 7%

$431,757 $431.8K

Cap Rate 9%

$335,811 $335.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,544 SF

Gross rent

$55.0K $21.60/SF

− Vacancy

−$6.6K −$2.59/SF

EGI

$48.4K $19.01/SF

− OpEx

−$18.1K −$7.13/SF

NOI

$30.2K $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%

$604,460

Cap Rate 7%

$431,757

Cap Rate 9%

$335,811

Alternative Uses

Best Use

Multifamily LT 5

$620.2K

$542.7K – $723.6K (±1% cap)

NOI $43,413 @ 7.0% cap · market cap 12.58%

Second Best

Apartment 5plus

$571.7K

$500.2K – $666.9K (±1% cap)

NOI $40,016 @ 7.0% cap · market cap 11.60%

Theoretical Best

—

—

same as Best Use

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

Roosevelt Family Medical ... Medical Clinic Dr. Maurice Singer, ... Pediatrician

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,350

Businesses Nearby

Explore this area Business Placement

Demographics for 19140, PA

52,124

Population

23,104

Households

2.3

Avg Household Size

36

Median Age

9%

College-Educated

73%

High-School Grad

3.2 sq mi

ZIP Area

16,289

Density / Sq Mi

$33,149

Median Household Income

$31,508

Median Earnings

$1,085

Median Rent

$101,100

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA

$234 Jul

$225 Aug

$209 Sep

$208 Oct

Properties on Market for Mixed-use properties in Philadelphia

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Street-level commercial space complements two renovated apartments in a mixed-use building.

Where is this mixed-use property located?

The property is located at 4517 N BROAD STREET Philadelphia, PA.

What is the asking price?

The asking price for this property is $345,000.

What are key features of this property?

This property features: 2,544‑square‑foot mixed‑use building; One street‑level commercial space; Two fully renovated residential apartments