5018 W THOMPSON Street Philadelphia, PA 19131
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 5018 W THOMPSON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Oven/Range - Electric, Stainless Steel Appliances, WaterHeater, Refrigerator, Microwave
- Standard status
- Active
- Size
- 1,650 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1127
Utilities
- Heating system
- Heat Pump (Heating), Baseboard, Electric (Heating)
- Cooling system
- Ductless
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent kyle malson License #RS311231 (267) 978-1487
Listing office HomeSmart Realty Advisors 2424 York Street unit: 213, Philadelphia, PA (215) 604-1191
Listing date Jul 13, 2026
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.
Recent improvements include a new roof, 400-amp electrical service, new plumbing, HVAC, replacement windows, flooring, drywall, trim, interior doors, a kitchen and bathroom refresh, and a fire alarm system. The property is located just one block from Lancaster Avenue in West Philadelphia.
At delivery, an owner-occupant or investor can lease both levels; estimated market rents are approximately $2,500/month for the commercial space and $1,830/month for the residential unit.
Key Highlights
- Fully renovated CMX‑2 mixed‑use property one block from Lancaster Avenue (commercial on 1st floor, residential on 2nd).
- Commercial space: vacant shell ready for retail, office, professional, or other permitted commercial uses.
- Residential unit: 2 bedrooms, 1 full bath plus heated finished attic/flex space.
Local Financial Insights For Apartment 5plus
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 | $50.1k | $30.36 |
| − Vacancy | −$2.9k | −$1.76 |
| EGI | $47.2k | $28.60 |
| − OpEx | −$21.2k | −$12.87 |
| NOI | $26.0k | $15.73 |
