Three-Story Mixed-Use
New
For Sale
$550,000
4824 N BROAD STREET, Philadelphia, PA 19141
A ground-level commercial space and two upstairs apartments share a renovated, separately metered building.
Property Size3,024 SF
Days on Market4
Property Features for 4824 N BROAD STREET
General Information
Standard status
Active
Size
3,024 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$2,878
Building Details
Building Size
3,024 SF
Year Built
1930
Listing Agency:
Prime Realty Partners
Listed By:
Alban Hoxha · License #RS356556
(267) 385-1905
Source:
Lizclarkrealestate
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 2:49PM
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.
This three-story masonry property contains approximately 3,024 square feet on a 16-by-107-foot lot. The ground level is a storefront, with two apartments above; each apartment has two bedrooms and one bathroom and measures approximately 1,000 square feet. Renovation work was completed in 2012 under city permits. Building features include separate meters, a fire alarm system, and updated plumbing. The storefront and both apartments are leased.
The property fronts North Broad Street in Philadelphia, with Broad Street Line access nearby. Zoning is CMX-2.5. The neighboring building at 4822 N Broad St is offered separately or in combination with this property.
The property fronts North Broad Street in Philadelphia, with Broad Street Line access nearby. Zoning is CMX-2.5. The neighboring building at 4822 N Broad St is offered separately or in combination with this property.
Key Highlights
- Three‑story masonry building with approximately 3,024 square feet
- Two apartments, each with 2 bedrooms, 1 bathroom, and approximately 1,000 square feet
- Ground‑floor storefront and two upper‑level apartments are leased
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
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
106k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 38%
Groceries 11%
Burger King
Dining
26,241 visits/mo
0.2 miles
Taco Bell
Dining
17,676 visits/mo
0.5 miles
Save-A-Lot
Groceries
11,589 visits/mo
0.5 miles
Sunoco
Shops & Services
10,407 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,695 visits/mo
0.2 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-level commercial space and two upstairs apartments share a renovated, separately metered building.
Where is this mixed-use property located?
The property is located at 4824 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 approximately 3,024 square feet; Two apartments, each with 2 bedrooms, 1 bathroom, and approximately 1,000 square feet; Ground‑floor storefront and two upper‑level apartments are leased
