Mixed-Use Live/Work
5018 W THOMPSON Street Philadelphia, PA 19131
New
5018 W THOMPSON Street, Philadelphia, PA, 19131
$329,500
For Sale
$329,500
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,650 SF
Lot Size0.03 Acres
Price / SF$199.70
Days on Market6
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 Agency
HomeSmart Realty Advisors
(215) 604-1191
2424 York Street unit: 213, Philadelphia, PA
Listed by
kyle malson · License #RS311231
(267) 978-1487
Added: Jul 13 Checked: Jul 18 at 12:06 pm
MLS# PAPH2647502
Listing URL
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 fully renovated CMX-2 mixed-use property includes two separate levels. The first floor is a vacant commercial shell, suitable for retail, office, professional, or other permitted commercial uses. The second-floor residential unit features 3 bedrooms, 1 full bath, a heated finished attic/flex space, granite countertops, stainless steel appliances, and laundry hookups. Heating and cooling are provided through energy-efficient mini-splits.
Recent improvements include a new roof, 400-amp electrical service, new plumbing, HVAC, replacement windows, updated flooring, drywall, trim, interior doors, kitchen and bathroom updates, and a fire alarm system. The property will be delivered completely vacant, allowing an owner-occupant or investor to lease both units.
The commercial and residential components are separately positioned within the building, supporting multiple leasing opportunities based on the current configuration.
Recent improvements include a new roof, 400-amp electrical service, new plumbing, HVAC, replacement windows, updated flooring, drywall, trim, interior doors, kitchen and bathroom updates, and a fire alarm system. The property will be delivered completely vacant, allowing an owner-occupant or investor to lease both units.
The commercial and residential components are separately positioned within the building, supporting multiple leasing opportunities based on the current configuration.
Key Highlights
- Fully renovated CMX‑2 mixed‑use property (built 1925) one block from Lancaster Avenue in West Philadelphia corridor
- First floor: vacant commercial shell for retail, office, professional, or other permitted commercial uses
- Second floor: 3BR, 1BA residence with heated finished attic/flex space and energy‑efficient ductless mini‑split HVAC
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 |
1,650 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 7.88%
Second Best
Office B
$310.2K
$271.4K – $361.9K
NOI $21,713 @ 7.0% cap · market cap 6.59%
Theoretical Best
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Renovated CMX-2 mixed-use building with a vacant first-floor commercial shell and a 3-bedroom second-floor residence.
Where is this live-work space located?
The property is located at 5018 W THOMPSON Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $329,500.
What are key features of this property?
This property features: Fully renovated CMX‑2 mixed‑use property (built 1925) one block from Lancaster Avenue in West Philadelphia corridor; First floor: vacant commercial shell for retail, office, professional, or other permitted commercial uses; Second floor: 3BR, 1BA residence with heated finished attic/flex space and energy‑efficient ductless mini‑split HVAC
