Mixed-Use Income Property with
506 S 5TH STREET Philadelphia, PA 19147
For Sale
$695,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,427 SF
Price / SF$286.36
Days on Market11
Property Features for 506 S 5TH STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,427 SF
Building Details
- Year built
- 1900
Listing Agency:
BHHS Fox & Roach Blue Bell
(215) 542-2200
Listed By:
Sunny Sim
(215) 833-4787
Added: Jul 15
Changed: Jul 23
Last Checked: Jul 25 at 6:06PM
MLS# PAPH2647586
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 mixed-use income property includes three rental units and a ground-floor commercial space. The first-floor commercial space is currently leased to a boutique. The second-floor apartment generates stated monthly income, and the third-floor apartment generates stated monthly income as well. The property was renovated around 2022.
The building is located in South Philadelphia near the intersection of Lombard and 5th Street. Local retail access includes Acme approximately 3 minutes away and Whole Foods within about 10 minutes.
The overall configuration provides both residential and commercial income in a single, renovated structure.
The building is located in South Philadelphia near the intersection of Lombard and 5th Street. Local retail access includes Acme approximately 3 minutes away and Whole Foods within about 10 minutes.
The overall configuration provides both residential and commercial income in a single, renovated structure.
Key Highlights
- South Philadelphia income property with 3 rental units plus a first‑floor commercial space
- First‑floor commercial space leased to a boutique for $1,800/month
- Second‑floor apartment rented for $1,425/month
Financial Insights For Multifamily LT 5
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 | $62.6k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $59.2k | $24.38 |
| − OpEx | −$17.7k | −$7.31 |
| NOI | $41.4k | $17.06 |
2,427 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$591.7K
$517.7K – $690.3K
NOI $41,416 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$545.4K
$477.2K – $636.3K
NOI $38,176 @ 7.0% cap · market cap 5.49%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Reign Boutique & Spa
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Triplex - Three rental units plus a first-floor commercial space are included in this renovated South Philadelphia property.
Where is this triplex located?
The property is located at 506 S 5TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: South Philadelphia income property with 3 rental units plus a first‑floor commercial space; First‑floor commercial space leased to a boutique for $1,800/month; Second‑floor apartment rented for $1,425/month
