Mixed-Use Triplex with
For Sale
$260,000
455 S 60TH STREET, Philadelphia, PA 19143
Three occupied spaces combine neighborhood commercial use with two residential apartments.
Property Size2,358 SF
Days on Market15
Property Features for 455 S 60TH STREET
General Information
Standard status
Active
Size
2,358 SF
Property subtype
MixedUse
Additional Details
Gross Income
$34,032
Taxes and HOA fees
Annual Taxes
$2,771
Building Details
Building Size
2,358 SF
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
New Age Realty Group Inc
Listed By:
Nicole Caprario · License #RS320794
(215) 387-1002
Source:
Patmckennarealtors
Added: Aug 20
Changed: Aug 31
Last Checked: Sep 2 at 1:49AM
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 New Age Realty Group Inc
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,358 square feet arranged as a first-floor commercial storefront and two residential apartments above. Each apartment offers two bedrooms, creating three separate spaces within the building. The commercial component can accommodate a neighborhood-oriented business, while the upper units provide residential occupancy.
Built in 1915, the property is located at 455 S 60TH STREET in Philadelphia’s West Philadelphia area. Public transportation, shopping, dining, neighborhood amenities, and major roadways are identified in the surrounding context. The apartments and storefront are currently rented, providing an established combination of commercial and residential occupancy.
Built in 1915, the property is located at 455 S 60TH STREET in Philadelphia’s West Philadelphia area. Public transportation, shopping, dining, neighborhood amenities, and major roadways are identified in the surrounding context. The apartments and storefront are currently rented, providing an established combination of commercial and residential occupancy.
Key Highlights
- 2,358‑square‑foot mixed‑use triplex
- First‑floor commercial storefront
- Two 2‑bedroom apartments above the storefront
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
$22,720
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
8.74%
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%
$454,400
$454.4K
Cap Rate 7%
$324,571
$324.6K
Cap Rate 9%
$252,444
$252.4K
Market Conditions
NOI Build-Up for 2,358 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
$44.7K $18.96/SF
− Vacancy
−$3.4K −$1.44/SF
EGI
$41.3K $17.52/SF
− OpEx
−$18.6K −$7.88/SF
NOI
$22.7K $9.64/SF
Area
ZIP 19143
Vacancy
7.60%
Lease Rate
$18.96 /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%
$454,400
Cap Rate 7%
$324,571
Cap Rate 9%
$252,444
Alternative Uses
Best Use
Retail
$587.1K
$513.8K – $685.0K
NOI $41,100 @ 7.0% cap · market cap 15.81%
Second Best
Mixed Use
$454.8K
$397.9K – $530.6K
NOI $31,833 @ 7.0% cap · market cap 12.24%
Theoretical Best
Office A
$808.2K
$707.2K – $942.9K
NOI $56,574 @ 7.0% cap · market cap 21.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,484
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three occupied spaces combine neighborhood commercial use with two residential apartments.
Where is this mixed-use property located?
The property is located at 455 S 60TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 2,358‑square‑foot mixed‑use triplex; First‑floor commercial storefront; Two 2‑bedroom apartments above the storefront
