Renovated Mixed-Use
For Sale
$299,900
5018 W THOMPSON Street, Philadelphia, PA 19131
Multi-Family, PHILADELPHIA, PA
Property Size1,650 SF
Lot Size0.03 Acres
Price / SF$181.76
Days on Market60
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
Subdivision
PARKSIDE
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,650 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1127
Utilities
Heating system
Electric (Heating), Heat Pump (Heating), Baseboard
Cooling system
Ductless
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
HomeSmart Realty Advisors
(215) 604-1191
Listed By:
kyle malson · License #RS311231
(267) 978-1487
Added: Jul 13
Changed: Sep 8
Last Checked: Sep 10 at 10:06AM
MLS# PAPH2647502
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 1,650-square-foot mixed-use property at 5018 W THOMPSON Street includes a first-floor commercial unit and a second-floor residential unit. The two-bedroom, one-bath residence also has a finished bonus attic room. Renovations include updated plumbing and electrical systems, kitchens, bathrooms, flooring, windows, mini-split heating and cooling, and a newer roof.
The commercial space features an ADA restroom, basement storage, and access to a rear courtyard. The property occupies 0.0339 acres and was built in 1925. Masonry construction, ductless cooling, electric heat pump and baseboard heating, and on-street parking are included among the existing property features.
The commercial space features an ADA restroom, basement storage, and access to a rear courtyard. The property occupies 0.0339 acres and was built in 1925. Masonry construction, ductless cooling, electric heat pump and baseboard heating, and on-street parking are included among the existing property features.
Key Highlights
- 1,650 square feet of mixed‑use space with commercial and residential units
- Two‑bedroom, one‑bath residential unit with finished bonus attic room
- Renovated plumbing, electrical, kitchens, bathrooms, flooring, windows, and HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,954
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$519,080
$519.1K
Cap Rate 7%
$370,771
$370.8K
Cap Rate 9%
$288,378
$288.4K
Market Conditions
NOI Build-Up for 1,650 SF
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.
Gross rent
$50.1K $30.36/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$47.2K $28.60/SF
− OpEx
−$21.2K −$12.87/SF
NOI
$26.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$519,080
Cap Rate 7%
$370,771
Cap Rate 9%
$288,378
Alternative Uses
Best Use
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 8.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,426
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines commercial space with a residential unit and separate access to basement storage and a rear courtyard.
Where is this mixed-use property located?
The property is located at 5018 W THOMPSON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,650 square feet of mixed‑use space with commercial and residential units; Two‑bedroom, one‑bath residential unit with finished bonus attic room; Renovated plumbing, electrical, kitchens, bathrooms, flooring, windows, and HVAC systems
