Mixed-Use Duplex with
New
For Sale
$280,000
4600 ASHVILLE Street, Philadelphia, PA 19136
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,524 SF
Lot Size0.03 Acres
Price / SF$183.73
Days on Market3
Property Features for 4600 ASHVILLE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
1
Parking features
Driveway, On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,524 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3842
Utilities
Heating system
Hot Water(Heating), Other (Heating)
Building Details
Year built
1950
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
John C Merrill · License #RS285370
(267) 918-7152
Added: Aug 9
Last Checked: Aug 11 at 6:06PM
MLS# PAPH2656920
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 1,524-square-foot masonry property combines two one-bedroom residential units with an operating beauty salon at street level. The salon is permitted and has its own entrance, while separate utilities serve the property. Built in 1950, the duplex has been maintained and may benefit from updating and cosmetic refreshing.
The upper residential unit is vacant, and the lower unit is leased month-to-month. On-site driveway parking and additional on-street parking are available. The property sits on a 0.03-acre lot in Philadelphia and includes hot-water heating along with another heating system.
The upper residential unit is vacant, and the lower unit is leased month-to-month. On-site driveway parking and additional on-street parking are available. The property sits on a 0.03-acre lot in Philadelphia and includes hot-water heating along with another heating system.
Key Highlights
- Mixed‑use layout with 2 one‑bedroom residential units and an operating beauty salon
- Permitted beauty salon has a separate street‑level entrance
- Separate utilities serve the property
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
$23,972
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
8.56%
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%
$479,440
$479.4K
Cap Rate 7%
$342,457
$342.5K
Cap Rate 9%
$266,356
$266.4K
Market Conditions
NOI Build-Up for 1,524 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
$46.3K $30.36/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$43.6K $28.60/SF
− OpEx
−$19.6K −$12.87/SF
NOI
$24.0K $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%
$479,440
Cap Rate 7%
$342,457
Cap Rate 9%
$266,356
Alternative Uses
Best Use
Multifamily LT 5
$371.5K
$325.1K – $433.5K
NOI $26,007 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$342.5K
$299.7K – $399.5K
NOI $23,972 @ 7.0% cap · market cap 8.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 19136, PA
39,151
Population
13,841
Households
2.8
Avg Household Size
36
Median Age
24%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,156
Density / Sq Mi
$65,499
Median Household Income
$40,495
Median Earnings
$1,200
Median Rent
$215,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level salon space and two residential units support a flexible mixed-use configuration.
Where is this mixed-use property located?
The property is located at 4600 ASHVILLE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Mixed‑use layout with 2 one‑bedroom residential units and an operating beauty salon; Permitted beauty salon has a separate street‑level entrance; Separate utilities serve the property
