Mixed-Use Property With Apartment
For Sale
$712,000
5244 RISING SUN AVENUE, Philadelphia, PA 19120
Commercial space, three apartments, and a separate adjoining yard are offered together.
Property Size2,268 SF
Days on Market12
Property Features for 5244 RISING SUN AVENUE
General Information
Standard status
Active
Size
2,268 SF
Total Parking Spaces
4
Property subtype
Triplex
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,824
Amenities
central air conditioner
Building Details
Building Size
2,268 SF
Year Built
1940
Listing Agency:
Realty Mark Associates
(267) 205-6630
Listed By:
Guillermo Chabur · License #RS300442
(267) 205-6630
Source:
Mainlinekw
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 26 at 1:55PM
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 Realty Mark Associates
Investment Insights
Based on property information with market context.
This mixed-use property combines commercial space with three apartment units in a building constructed in 1940. The residential layout includes two two-bedroom, one-bath apartments on the first and second floors, plus a one-bedroom apartment on the third floor. Central air conditioning serves the commercial area and first-floor apartment. The commercial space previously accommodated a multi-services office and beauty salon.
The sale also includes the adjacent yard, which contains two covered garages and two parking spaces at the front. The first-floor apartment is currently occupied, while the other apartments are vacant. The building and yard must be purchased together and are offered in as-is condition.
The sale also includes the adjacent yard, which contains two covered garages and two parking spaces at the front. The first-floor apartment is currently occupied, while the other apartments are vacant. The building and yard must be purchased together and are offered in as-is condition.
Key Highlights
- Mixed‑use building with commercial space and 3 apartments
- Residential units include two 2‑bedroom, 1‑bath apartments and one 1‑bedroom apartment
- Adjacent yard includes 2 covered garages and 2 front parking spaces
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
$24,569
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
3.45%
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%
$491,380
$491.4K
Cap Rate 7%
$350,986
$351.0K
Cap Rate 9%
$272,989
$273.0K
Market Conditions
NOI Build-Up for 2,268 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
$37.8K $16.68/SF
− Vacancy
−$2.7K −$1.20/SF
EGI
$35.1K $15.48/SF
− OpEx
−$10.5K −$4.64/SF
NOI
$24.6K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /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%
$491,380
Cap Rate 7%
$350,986
Cap Rate 9%
$272,989
Alternative Uses
Best Use
Multifamily LT 5
$351.0K
$307.1K – $409.5K
NOI $24,569 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,853 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$541.8K
$474.1K – $632.1K
NOI $37,924 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
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 - Commercial space, three apartments, and a separate adjoining yard are offered together.
Where is this mixed-use property located?
The property is located at 5244 RISING SUN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $712,000.
What are key features of this property?
This property features: Mixed‑use building with commercial space and 3 apartments; Residential units include two 2‑bedroom, 1‑bath apartments and one 1‑bedroom apartment; Adjacent yard includes 2 covered garages and 2 front parking spaces
