Turnkey Mixed-Use
For Sale
$297,000
5339 CHESTNUT STREET, Philadelphia, PA 19139
Fully renovated mixed-use triplex with two residential units above a commercial space and central A/C in each unit.
Property Size1,510 SF
Days on Market215
Property Features for 5339 CHESTNUT STREET
General Information
Standard status
Active
Size
1,510 SF
Property subtype
MixedUse
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,935
Amenities
central A/C
in-unit washer and dryer
white tile kitchen backsplashes
granite surfaces
built-in microwaves
ceiling fans
Building Details
Building Size
1,510 SF
Year Built
1925
Year Renovated
2020
Listing Agency:
SDG Management, LLC
(908) 217-3922
Listed By:
Jason Kleinman · License #RS362457
(908) 217-3922
Source:
Patmckennarealtors
Added: Jan 26
Changed: Aug 28
Last Checked: Aug 26 at 2:39PM
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 SDG Management, LLC
Investment Insights
Based on property information with market context.
Fully renovated mixed-use triplex completed in late 2020, configured with two updated residential units over a commercial space. The property is presented as turnkey and includes in-unit washer and dryer, central A/C, ceiling fans, and modern kitchen finishes such as granite surfaces, white tile backsplash, and built-in microwaves across the residential units.
The commercial space is located on Chestnut St and is described as benefiting from visibility along this major West Philadelphia corridor with high foot and vehicle traffic.
The current rental structure includes Unit 1 at $800/month, Unit 2 at $1,195/month, and the commercial space at $800/month, providing an income-producing mixed-use setup within a single building.
The commercial space is located on Chestnut St and is described as benefiting from visibility along this major West Philadelphia corridor with high foot and vehicle traffic.
The current rental structure includes Unit 1 at $800/month, Unit 2 at $1,195/month, and the commercial space at $800/month, providing an income-producing mixed-use setup within a single building.
Key Highlights
- Fully renovated mixed‑use triplex completed at the end of 2020
- Rental income includes $800/month for Unit 1, $1,195/month for Unit 2, and $800/month for the commercial space
- Two residential units each offer central A/C and in‑unit washer/dryer
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
$25,768
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
8.68%
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%
$515,360
$515.4K
Cap Rate 7%
$368,114
$368.1K
Cap Rate 9%
$286,311
$286.3K
Market Conditions
NOI Build-Up for 1,510 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
$39.0K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.8K $24.38/SF
− OpEx
−$11.0K −$7.31/SF
NOI
$25.8K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /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%
$515,360
Cap Rate 7%
$368,114
Cap Rate 9%
$286,311
Alternative Uses
Best Use
Multifamily LT 5
$368.1K
$322.1K – $429.5K
NOI $25,768 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$339.3K
$296.9K – $395.9K
NOI $23,752 @ 7.0% cap · market cap 8.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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 - Fully renovated mixed-use triplex with two residential units above a commercial space and central A/C in each unit.
Where is this mixed-use property located?
The property is located at 5339 CHESTNUT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: Fully renovated mixed‑use triplex completed at the end of 2020; Rental income includes $800/month for Unit 1, $1,195/month for Unit 2, and $800/month for the commercial space; Two residential units each offer central A/C and in‑unit washer/dryer
