Renovated Four-Unit Mixed-Use
New
For Sale
$725,000
500 S 52nd St, Philadelphia, PA 19143
Fully leased asset combines a café space with three apartments.
Property Size5,955 SF
Days on Market5
Property Features for 500 S 52nd St
General Information
Standard status
Active
Size
5,955 SF
Property subtype
Mixed-Use
Occupancy
100%
Units
Unit Mix
2 x 1BR, 1 x 2BR
Multifamily Units
3
Additional Details
Public Transit
Yes
Building Details
Building Size
5,955 SF
Year Built
1925
Year Renovated
2018
Buildings
1
Tenancy
Multi
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(267) 546-1718
Listed By:
Nadia Bilynsky · License #RS311101
Source:
Mpnrealty
Added: Aug 28
Changed: Aug 30
Last Checked: Sep 1 at 5:14PM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use property at 500 S 52nd St combines a ground-floor café with three residential units above. The apartment component includes two one-bedroom units and one two-bedroom unit, creating a four-unit configuration overall. The building dates to 1925 and received a complete renovation in 2018. An exterior mural remains part of the property’s architectural character.
The asset occupies the corner of S 52nd Street and Larchwood Avenue in Cobbs Creek, West Philadelphia. Its setting provides proximity to University City, public transit, shopping, and neighborhood amenities. The café space is leased to Toast Café, and all four units are currently leased.
The asset occupies the corner of S 52nd Street and Larchwood Avenue in Cobbs Creek, West Philadelphia. Its setting provides proximity to University City, public transit, shopping, and neighborhood amenities. The café space is leased to Toast Café, and all four units are currently leased.
Key Highlights
- Four‑unit mixed‑use property with a ground‑floor café and three apartments
- Complete renovation completed in 2018
- Apartment mix includes two 1‑bedroom units and one 2‑bedroom unit
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
$57,379
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
7.91%
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%
$1,147,580
$1.1M
Cap Rate 7%
$819,700
$819.7K
Cap Rate 9%
$637,544
$637.5K
Market Conditions
NOI Build-Up for 5,955 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
$112.9K $18.96/SF
− Vacancy
−$8.6K −$1.44/SF
EGI
$104.3K $17.52/SF
− OpEx
−$46.9K −$7.88/SF
NOI
$57.4K $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%
$1,147,580
Cap Rate 7%
$819,700
Cap Rate 9%
$637,544
Alternative Uses
Best Use
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,759 @ 7.0% cap · market cap 13.90%
Second Best
Mixed Use
$1.15M
$1.00M – $1.34M
NOI $80,393 @ 7.0% cap · market cap 11.09%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,874 @ 7.0% cap · market cap 19.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,428
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 - Fully leased asset combines a café space with three apartments.
Where is this mixed-use property located?
The property is located at 500 S 52nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four‑unit mixed‑use property with a ground‑floor café and three apartments; Complete renovation completed in 2018; Apartment mix includes two 1‑bedroom units and one 2‑bedroom unit
