Renovated Mixed-Use Duplex in
5000 PARRISH Street Philadelphia, PA 19139
5000 PARRISH Street, Philadelphia, PA, 19139
$349,500
For Sale
Under Contract
$349,500
MULTI_FAMILY - PHILADELPHIA, PA
Property Size1,644 SF
Lot Size0.02 Acres
Price / SF$212.59
Days on Market87
Property Features for 5000 PARRISH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- 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 Updated: Jun 20 at 7:48AM Checked: Jul 22 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This newly renovated mixed-use duplex is located on a prominent corner in Philadelphia, offering visibility, flexibility, and income potential. The first floor features a spacious commercial layout with large front windows and a private entrance. An ADA-accessible bathroom is included. The first floor also provides access to a fully finished basement with an additional bathroom, adding functional space suitable for various business uses. The property is zoned for daycare use, presenting an opportunity for an owner-operator, investor, or business user seeking a move-in-ready property. The upper residential unit is newly renovated and features a bright, modern interior with 2 bedrooms, updated flooring, fresh finishes, a contemporary kitchen, and a renovated bathroom. Separate entrances provide flexibility for mixed-use occupancy, rental income, or live/work potential. The property size is 1644 square feet, situated on a lot of approximately 0.0232 acres. This turnkey property is suited for an investor or owner-occupant looking for versatility. The owner is applying for a 10-year tax abatement.
Key Highlights
- Newly renovated mixed‑use property with income potential in a prominent location.
- First floor commercial space with large windows, private entrance, ADA bathroom, and finished basement.
- Zoned for daycare use, ideal for owner‑operator or investor.
Local 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
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Newly renovated mixed-use duplex with income potential in Philadelphia.
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: Newly renovated mixed‑use property with income potential in a prominent location.; First floor commercial space with large windows, private entrance, ADA bathroom, and finished basement.; Zoned for daycare use, ideal for owner‑operator or investor.
