Mixed-Use Duplex with Commercial
For Sale
Under Contract
$349,500
5000 PARRISH Street, Philadelphia, PA 19139
Multi-Family, PHILADELPHIA, PA
Property Size1,644 SF
Lot Size0.02 Acres
Price / SF$212.59
Days on Market179
Property Features for 5000 PARRISH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
1,644 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1010
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Listing Agency:
Realty Mark Cityscape
(215) 583-7777
Listed By:
JOSEPH Manning
(215) 298-1913
Added: Apr 27
Changed: Oct 21
Last Checked: Oct 22 at 2:06AM
MLS# PAPH2609558
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.
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Investment Insights
Based on property information with market context.
This 1,644-square-foot masonry property combines a first-floor commercial area with a two-bedroom residential unit on the upper level. The commercial space has large front windows, a private entrance, and an ADA-accessible bathroom, with additional finished basement space and a second bathroom. The residence has updated flooring, a contemporary kitchen, and a renovated bathroom. Central heating and central air serve the property, which was built in 1925.
Set on a corner parcel of 0.0232 acres, the building is zoned for daycare use. Separate entrances allow the commercial and residential areas to function independently.
Set on a corner parcel of 0.0232 acres, the building is zoned for daycare use. Separate entrances allow the commercial and residential areas to function independently.
Key Highlights
- 1,644‑square‑foot mixed‑use property with commercial and residential space
- Ground‑floor commercial area includes large front windows and a private entrance
- Finished basement adds functional space and includes a second bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,531
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,620
$390.6K
Cap Rate 7%
$279,014
$279.0K
Cap Rate 9%
$217,011
$217.0K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$35.5K $21.60/SF
− Vacancy
−$4.3K −$2.59/SF
EGI
$31.2K $19.01/SF
− OpEx
−$11.7K −$7.13/SF
NOI
$19.5K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,620
Cap Rate 7%
$279,014
Cap Rate 9%
$217,011
Alternative Uses
Best Use
Mixed Use
$279.0K
$244.1K – $325.5K
NOI $19,531 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$400.8K
$350.7K – $467.6K
NOI $28,055 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate access serves a ground-floor business area and an updated two-bedroom residence above.
Where is this mixed-use property 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: 1,644‑square‑foot mixed‑use property with commercial and residential space; Ground‑floor commercial area includes large front windows and a private entrance; Finished basement adds functional space and includes a second bathroom
