Mixed-Use Retail and Residential
For Sale
$450,000
5302 Wayne Avenue, Philadelphia, PA 19144
Four residential units and two storefronts are separately metered with all-electric heating and hot water.
Property Size3,291 SF
Price / SF$136.74
Days on Market165
Property Features for 5302 Wayne Avenue
General Information
Standard status
Active
Size
3,291 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,406
Amenities
Window Air Conditioning
3
RTA1
Parking.
On Street.
26.00 x 107.00
Urban.
Building Details
Year Built
1890
Listing Agency:
Compass RE
(267) 435-8015
Listed By:
David Feldman · License #RS305028
(215) 370-6043
Source:
Xome
Added: Mar 28
Changed: Sep 6
Last Checked: Sep 7 at 5:53AM
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 Compass RE
Investment Insights
Based on property information with market context.
This mixed-use quadplex includes two storefront spaces and four residential units within a converted Victorian-style structure. The residential component spans three floors with bright unit exposures to the north, south, and east. The property features partial updates across the units. All-electric heating and hot water are provided and the services are separately metered.
The two storefronts have most recently been used for office space and an ice cream store. The property is described as currently ready to deliver vacant. The most recent rents referenced in the remarks include city rental licenses.
Residential units are described as one 2-bedroom unit, two 1-bedroom units, and one efficiency unit, with last rents listed in the remarks. The storefronts’ most recent uses are described as office space in one and an ice cream store in the other.
The two storefronts have most recently been used for office space and an ice cream store. The property is described as currently ready to deliver vacant. The most recent rents referenced in the remarks include city rental licenses.
Residential units are described as one 2-bedroom unit, two 1-bedroom units, and one efficiency unit, with last rents listed in the remarks. The storefronts’ most recent uses are described as office space in one and an ice cream store in the other.
Key Highlights
- Vacant 4‑unit residential building plus two storefronts in West Germantown near Chelten Ave corridor and Wayne Junction
- Two storefronts separately metered: last rents $1,200 (office) and $950 (ice cream store)
- Residential unit mix includes one 2BR at $2,100, two 1BR units at $1,900 and $750, and one efficiency at $600 (last rents)
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
$37,196
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
8.27%
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%
$743,920
$743.9K
Cap Rate 7%
$531,371
$531.4K
Cap Rate 9%
$413,289
$413.3K
Market Conditions
NOI Build-Up for 3,291 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
$59.2K $18.00/SF
− Vacancy
−$6.1K −$1.85/SF
EGI
$53.1K $16.15/SF
− OpEx
−$15.9K −$4.84/SF
NOI
$37.2K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /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%
$743,920
Cap Rate 7%
$531,371
Cap Rate 9%
$413,289
Alternative Uses
Best Use
Multifamily LT 5
$802.3K
$702.0K – $936.0K
NOI $56,161 @ 7.0% cap · market cap 12.48%
Second Best
Apartment 5plus
$739.5K
$647.1K – $862.8K
NOI $51,766 @ 7.0% cap · market cap 11.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,630
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units and two storefronts are separately metered with all-electric heating and hot water.
Where is this quadplex located?
The property is located at 5302 Wayne Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Vacant 4‑unit residential building plus two storefronts in West Germantown near Chelten Ave corridor and Wayne Junction; Two storefronts separately metered: last rents $1,200 (office) and $950 (ice cream store); Residential unit mix includes one 2BR at $2,100, two 1BR units at $1,900 and $750, and one efficiency at $600 (last rents)
