5229-31 WESTMINSTER Avenue Philadelphia, PA 19131
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jan 20, 2026
- Days on Market:
- 175
- Last Refresh:
- Jul 14 at 10:06 am
Property Features for 5229-31 WESTMINSTER Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,760 SF
- Lot size
- 0.01 Acres
Taxes and HOA fees
- Tax Annual Amount
- 873
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Jermaine Maurice Glover License #RS375330 (267) 584-7361
Listing office Springer Realty Group 760 Constitution Drive unit: 106, Exton, PA (484) 498-4000
Listing date Jan 20, 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.
Key Highlights
- Mixed‑Use property zoned RM1.
- Two‑story commercial space on the 1st and 2nd floors.
- Studio apartment located on the 2nd floor.
Local Financial Insights For Mixed Use
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 | $38.0k | $21.60 |
| − Vacancy | −$4.6k | −$2.59 |
| EGI | $33.5k | $19.01 |
| − OpEx | −$12.5k | −$7.13 |
| NOI | $20.9k | $11.88 |
