Occupied Mixed-Use
For Sale
$320,000
5331 MARKET STREET, Philadelphia, PA 19139
First-floor commercial space is paired with two rear apartments and a backyard.
Property Size1,650 SF
Days on Market53
Property Features for 5331 MARKET STREET
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Triplex
Occupancy
100%
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Additional Details
Gross Income
$41,856
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,550
Amenities
backyard
Building Details
Building Size
1,650 SF
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
Legal Real Estate LLC
Listed By:
Katherine Mejia · License #Rss337013
(267) 269-9086
Source:
Patmckennarealtors
Added: Aug 31
Changed: Oct 21
Last Checked: Oct 21 at 6:34AM
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 Legal Real Estate LLC
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Investment Insights
Based on property information with market context.
Built in 1915, this legally zoned commercial building combines a first-floor office or business area with two residential apartments positioned at the rear. The residential component includes a one-bedroom unit with exposed brick and distinctive lighting, along with a three-bedroom apartment that has been completely remodeled. A large backyard adds outdoor space behind the building.
The entire property is occupied, and tenants pay all utilities. The building is located one block from the transportation hub on 52nd Street, with shopping and grocery stores within walking distance. Center City is less than a 10-minute drive away, while pedestrian activity supports the commercial component.
The entire property is occupied, and tenants pay all utilities. The building is located one block from the transportation hub on 52nd Street, with shopping and grocery stores within walking distance. Center City is less than a 10-minute drive away, while pedestrian activity supports the commercial component.
Key Highlights
- First‑floor office or business space with two rear apartments
- One‑bedroom apartment features exposed brick and distinctive lighting
- Remodeled three‑bedroom apartment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,954
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,080
$519.1K
Cap Rate 7%
$370,771
$370.8K
Cap Rate 9%
$288,378
$288.4K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$50.1K $30.36/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$47.2K $28.60/SF
− OpEx
−$21.2K −$12.87/SF
NOI
$26.0K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,080
Cap Rate 7%
$370,771
Cap Rate 9%
$288,378
Alternative Uses
Best Use
Apartment 5plus
$370.8K
$324.4K – $432.6K
NOI $25,954 @ 7.0% cap · market cap 8.11%
Second Best
Office B
$310.2K
$271.4K – $361.9K
NOI $21,713 @ 7.0% cap · market cap 6.79%
Theoretical Best
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,203
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor commercial space is paired with two rear apartments and a backyard.
Where is this mixed-use property located?
The property is located at 5331 MARKET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: First‑floor office or business space with two rear apartments; One‑bedroom apartment features exposed brick and distinctive lighting; Remodeled three‑bedroom apartment included
