Mixed-Use Retail and Residential
5302 Wayne Avenue Philadelphia, PA 19144
5302 Wayne Avenue, Philadelphia, PA, 19144
$450,000
For Sale
$450,000
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 Market89
Property Features for 5302 Wayne Avenue
General Information
- Standard status
- Active
- Size
- 3,291 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing agency
Compass
(215) 370-6043
Listed by
David Feldman · License #RS305028
(215) 370-6043
Source
Compass
Added: Apr 26 Updated: Jul 22 at 2:31PM Checked: Jul 23 at 6:38AM
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
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)
Local Financial Insights For Retail
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 | $59.2k | $18.00 |
| − Vacancy | −$6.1k | −$1.85 |
| EGI | $53.1k | $16.15 |
| − OpEx | −$15.9k | −$4.84 |
| NOI | $37.2k | $11.30 |
3,291 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Labeled Boutique
Clothing Store
Happy Faces Cafe
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
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)
