Occupied Mixed-Use
For Sale
$380,000
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 Market33
Property Features for 5331 MARKET STREET
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Quadruplex
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: Sep 27
Last Checked: Oct 1 at 5:06PM
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
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 = 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
$25,954
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
6.83%
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%
$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
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
$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 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%
$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 6.83%
Second Best
Office B
$310.2K
$271.4K – $361.9K
NOI $21,713 @ 7.0% cap · market cap 5.71%
Theoretical Best
Multifamily LT 5
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
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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 $380,000.
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
