Corner Mixed-Use
5000 Parrish Street Philadelphia, PA 19139
For Sale
$349,500
Renovated duplex with a commercial first floor and a separate 2-bedroom residence, plus ADA-accessible bath and finished basement.
Property Size1,644 SF
Price / SF$212.59
Days on Market100
Property Features for 5000 Parrish Street
General Information
- Standard status
- Active
- Size
- 1,644 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing Agency:
Realty Mark Cityscape
(215) 298-1913
Listed By:
JOSEPH Manning
(215) 298-1913
Source:
Compass
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 24 at 12:29PM
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 Realty Mark Cityscape
Investment Insights
Based on property information with market context.
Newly renovated mixed-use duplex situated on a prominent corner. The first floor offers a spacious commercial layout with large front windows, a private entrance, and an ADA-accessible bathroom. A fully finished basement adds additional functional space and includes an additional bathroom.
The property is zoned for daycare use, supporting a flexible business layout for an owner-operator or investor. Separate entrances provide options for mixed-use occupancy or separate rental arrangements.
The upper residential unit is also newly renovated, featuring 2 bedrooms, updated flooring, fresh finishes, a contemporary kitchen, and a renovated bathroom. The owner is also applying for a 10-year tax abatement.
The property is zoned for daycare use, supporting a flexible business layout for an owner-operator or investor. Separate entrances provide options for mixed-use occupancy or separate rental arrangements.
The upper residential unit is also newly renovated, featuring 2 bedrooms, updated flooring, fresh finishes, a contemporary kitchen, and a renovated bathroom. The owner is also applying for a 10-year tax abatement.
Key Highlights
- Newly renovated mixed‑use duplex (built 1925) with a commercial first floor and separate 2‑bedroom residential unit
- Commercial space includes large front windows, private entrance, ADA‑accessible bathroom, and access to a fully finished basement with an additional bathroom
- Residential unit features 2 bedrooms, updated flooring, fresh finishes, a contemporary kitchen, and a renovated bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $25.80 |
| − Vacancy | −$2.3k | −$1.42 |
| EGI | $40.1k | $24.38 |
| − OpEx | −$12.0k | −$7.31 |
| NOI | $28.1k | $17.06 |
1,644 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,055 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 7.40%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated duplex with a commercial first floor and a separate 2-bedroom residence, plus ADA-accessible bath and finished basement.
Where is this duplex located?
The property is located at 5000 Parrish Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,500.
What are key features of this property?
This property features: Newly renovated mixed‑use duplex (built 1925) with a commercial first floor and separate 2‑bedroom residential unit; Commercial space includes large front windows, private entrance, ADA‑accessible bathroom, and access to a fully finished basement with an additional bathroom; Residential unit features 2 bedrooms, updated flooring, fresh finishes, a contemporary kitchen, and a renovated bathroom
