Renovated Mixed-Use
For Sale
$666,000
501 501-3 W York St, Philadelphia, PA 19133
Combines a commercial storefront with five leased residential units.
Property Size5,000 SF
Price / SF$133.20
Days on Market98
Property Features for 501 501-3 W York St
General Information
Standard status
Active
Size
5,000 SF
Occupancy
100%
Site & Location
Neighborhood
Kensington
Corner Location
Yes
Additional Details
Multifamily Units
5
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #PA RM421130
(267) 767-7612
Source:
Kandorre
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 7 at 2:34PM
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
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Investment Insights
Based on property information with market context.
This mixed-use building contains approximately 5,000 square feet arranged with one commercial storefront and five residential units. The property was originally constructed in 1915 and has undergone a complete renovation over the past few years, with the work recently finished.
The commercial and residential spaces have been leased, with full occupancy expected at settlement. Located at 501 501-3 W York St in Philadelphia, Pennsylvania, the property combines retail and residential components within one building.
The commercial and residential spaces have been leased, with full occupancy expected at settlement. Located at 501 501-3 W York St in Philadelphia, Pennsylvania, the property combines retail and residential components within one building.
Key Highlights
- Approximately 5,000 square feet of mixed‑use space
- One commercial storefront paired with 5 residential units
- Complete 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
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
$85,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a commercial storefront with five leased residential units.
Where is this mixed-use property located?
The property is located at 501 501-3 W York St 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: Approximately 5,000 square feet of mixed‑use space; One commercial storefront paired with 5 residential units; Complete renovation completed over the past few years
