Three-Story Mixed-Use
New
For Sale
$550,000
4822 N BROAD STREET, Philadelphia, PA 19141
All three occupied spaces combine street-level retail with apartments on the upper floors.
Property Size3,024 SF
Lot Size0.04 Acres
Price / SF$181.88
Days on Market4
Property Features for 4822 N BROAD STREET
General Information
Standard status
Active
Size
3,024 SF
Lot size
0.04 Acres
Property subtype
Triplex
Zoning
CMX-2.5
Occupancy
100%
Financials
Gross Income
$42,000
Average Monthly Rent
$1,000
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Year Renovated
2012
Buildings
1
Stories
3
Construction
masonry
Tenancy
Multi
Listing Agency:
Prime Realty Partners
(856) 210-3000
Listed By:
Alban Hoxha · License #RS356556
(267) 385-1905
Source:
Cummingsrealtors
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 3:15PM
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 Prime Realty Partners
Investment Insights
Based on property information with market context.
Built in 1930, this three-story masonry property contains a retail storefront at street level and two apartments above. Each apartment has two bedrooms and one bathroom, with about 1,000 sq ft of living area; the storefront is also about 1,000 sq ft. All three spaces are leased. The building totals 3,024 sq ft on a 16 x 107 ft lot and is zoned CMX-2.5.
The property fronts North Broad Street in Philadelphia, with Broad Street Line access nearby. Stucco on the front and the roof over the first floor were replaced in 2012 under city permits.
The property fronts North Broad Street in Philadelphia, with Broad Street Line access nearby. Stucco on the front and the roof over the first floor were replaced in 2012 under city permits.
Key Highlights
- Three‑story masonry building with ground‑floor retail and two apartments above
- 3,024 sq ft building on a 16 x 107 ft lot
- Two apartments, each with 2 bedrooms, 1 bath, and about 1,000 sq ft
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
$47,566
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
8.65%
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%
$951,320
$951.3K
Cap Rate 7%
$679,514
$679.5K
Cap Rate 9%
$528,511
$528.5K
Market Conditions
NOI Build-Up for 3,024 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
$91.8K $30.36/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$86.5K $28.60/SF
− OpEx
−$38.9K −$12.87/SF
NOI
$47.6K $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%
$951,320
Cap Rate 7%
$679,514
Cap Rate 9%
$528,511
Alternative Uses
Best Use
Apartment 5plus
$679.5K
$594.6K – $792.8K
NOI $47,566 @ 7.0% cap · market cap 8.65%
Second Best
Mixed Use
$513.2K
$449.1K – $598.8K
NOI $35,925 @ 7.0% cap · market cap 6.53%
Theoretical Best
Multifamily LT 5
$737.2K
$645.1K – $860.1K
NOI $51,604 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 19141, PA
31,047
Population
16,290
Households
1.9
Avg Household Size
39
Median Age
16%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
18,263
Density / Sq Mi
$42,461
Median Household Income
$34,464
Median Earnings
$1,009
Median Rent
$143,400
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 - All three occupied spaces combine street-level retail with apartments on the upper floors.
Where is this mixed-use property located?
The property is located at 4822 N BROAD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three‑story masonry building with ground‑floor retail and two apartments above; 3,024 sq ft building on a 16 x 107 ft lot; Two apartments, each with 2 bedrooms, 1 bath, and about 1,000 sq ft
