New Construction Mixed-Use
For Sale
Contact for pricing
5047 Baltimore Ave, Philadelphia, PA 19143
Three residential units complement a ground-floor commercial space in West Philadelphia.
Property Size3,760 SF
Price / SF$292.55
Days on Market167
Property Features for 5047 Baltimore Ave
General Information
Standard status
Active
Size
3,760 SF
Class
B
Property subtype
Mixed Use, Multifamily
Zoning
CMX2
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2022
Buildings
1
Stories
4
Units
4
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Fox & Roach REALTORS Philadelphia
(215) 627-6005
Listed By:
Eric Dvotsky · License #RS332410
Source:
Crexi
Added: Mar 18
Changed: Aug 30
Last Checked: Aug 30 at 3:20PM
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 Berkshire Hathaway HomeServices Fox & Roach REALTORS Philadelphia
Investment Insights
Based on property information with market context.
Completed in 2022, this 3,760-square-foot mixed-use property combines one ground-floor commercial suite with three residential units. The apartments include one bi-level two-bedroom, two-bath layout with a private patio, plus two three-bedroom, two-bath residences configured across multiple levels. Interior features include stainless steel appliances, granite countertops, in-unit washers and dryers, recessed lighting, and substantial natural light. The property is zoned CMX2.
The asset is located at 5047 Baltimore Ave in Philadelphia’s University City corridor, near Drexel University, the University of Pennsylvania, CHOP, and HUP. The combination of commercial and residential components provides a diversified configuration within an established institutional and medical-area setting.
The asset is located at 5047 Baltimore Ave in Philadelphia’s University City corridor, near Drexel University, the University of Pennsylvania, CHOP, and HUP. The combination of commercial and residential components provides a diversified configuration within an established institutional and medical-area setting.
Key Highlights
- 2022 construction with 3,760 SF of mixed‑use space
- One ground‑floor commercial space and 3 residential units
- Residential mix includes 2‑bedroom and 3‑bedroom layouts
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
$65,537
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
5.96%
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%
$1,310,740
$1.3M
Cap Rate 7%
$936,243
$936.2K
Cap Rate 9%
$728,189
$728.2K
Market Conditions
NOI Build-Up for 3,760 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
$112.8K $30.00/SF
− Vacancy
−$19.2K −$5.10/SF
EGI
$93.6K $24.90/SF
− OpEx
−$28.1K −$7.47/SF
NOI
$65.5K $17.43/SF
Area
ZIP 19143
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,310,740
Cap Rate 7%
$936,243
Cap Rate 9%
$728,189
Alternative Uses
Best Use
Retail
$936.2K
$819.2K – $1.09M
NOI $65,537 @ 7.0% cap · market cap 5.96%
Second Best
Mixed Use
$725.1K
$634.5K – $846.0K
NOI $50,760 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,211 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,990
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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 - Three residential units complement a ground-floor commercial space in West Philadelphia.
Where is this mixed-use property located?
The property is located at 5047 Baltimore Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2022 construction with 3,760 SF of mixed‑use space; One ground‑floor commercial space and 3 residential units; Residential mix includes 2‑bedroom and 3‑bedroom layouts
