Renovated Mixed-Use
For Sale
$666,000
501-3 W YORK STREET, Philadelphia, PA 19133
Corner asset combining a commercial storefront with five residential units in a recently completed renovation.
Property Size5,000 SF
Days on Market130
Property Features for 501-3 W YORK STREET
General Information
Standard status
Active
Size
5,000 SF
Property subtype
MixedUse
Occupancy
100%
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$5,700
Building Details
Building Size
5,000 SF
Year Built
1915
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Patmckennarealtors
Added: Jun 15
Changed: Oct 21
Last Checked: Oct 21 at 5:12AM
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 Liberty Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 501-3 W York Street combines one commercial storefront with five residential units across two corner properties. The building dates to 1915 and has undergone a comprehensive renovation completed over the past few years.
All six units are leased, including the commercial space and each residential unit. The property is located in Philadelphia, Pennsylvania, with the address identified as 501-3 W York Street.
All six units are leased, including the commercial space and each residential unit. The property is located in Philadelphia, Pennsylvania, with the address identified as 501-3 W York Street.
Key Highlights
- One commercial storefront plus 5 residential units
- Two corner properties included in the offering
- Renovation completed over the past few years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,400
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,000
$1.2M
Cap Rate 7%
$848,571
$848.6K
Cap Rate 9%
$660,000
$660.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$13.0K −$2.59/SF
EGI
$95.0K $19.01/SF
− OpEx
−$35.6K −$7.13/SF
NOI
$59.4K $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%
$1,188,000
Cap Rate 7%
$848,571
Cap Rate 9%
$660,000
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$983.1K – $1.31M
NOI $78,648 @ 7.0% cap · market cap 11.81%
Second Best
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 8.92%
Theoretical Best
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,324 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner asset combining a commercial storefront with five residential units in a recently completed renovation.
Where is this mixed-use property located?
The property is located at 501-3 W YORK STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $666,000.
What are key features of this property?
This property features: One commercial storefront plus 5 residential units; Two corner properties included in the offering; Renovation completed over the past few years
