Corner Quadplex with Retail
540 S 52nd Street Philadelphia, PA 19143
For Sale
$949,900
Corner quadplex features a raw bi-level first-floor retail space and three 2-bed, 2-bath apartments above.
Property Size4,438 SF
Price / SF$214.04
Days on Market176
Property Features for 540 S 52nd Street
General Information
- Standard status
- Active
- Size
- 4,438 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2023
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Sean Dundon
Source:
Deepcreeklake
Added: Jan 28
Changed: Jul 23
Last Checked: Jul 23 at 3:44AM
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 KW Empower
Investment Insights
Based on property information with market context.
This corner quadplex includes a commercial first-floor space and three residential apartments above. The first floor is a raw bi-level retail space of 1,640 square feet, ready for a new business. The upper level consists of three identical apartments, each with two bedrooms and two bathrooms, with layouts featuring bedrooms on opposite sides and living/kitchen space centered. Apartments include bay windows along the side of the building and full of natural sunlight. One bedroom includes a private bathroom. Utilities are separate, and all units are electric.
The property is described as being on a busy 52nd Street commercial corridor. The listing notes the location is close to the Park, Baltimore Avenue, and the Market Frankford line. The offering includes a full 10-year tax abatement and is presented as condominium-ready, with the possibility that each apartment could be sold separately in the future.
The configuration combines income-producing residential units with a ground-floor commercial space, supporting flexible use under the listed CMX2 zoning designation.
The property is described as being on a busy 52nd Street commercial corridor. The listing notes the location is close to the Park, Baltimore Avenue, and the Market Frankford line. The offering includes a full 10-year tax abatement and is presented as condominium-ready, with the possibility that each apartment could be sold separately in the future.
The configuration combines income-producing residential units with a ground-floor commercial space, supporting flexible use under the listed CMX2 zoning designation.
Key Highlights
- Corner quadplex built in 2023 with commercial first floor plus three 2 bed, 2 bath apartments above
- First‑floor retail is a raw bi‑level space with 1,640 SF, ready for a new business
- About 5,000+ SF total with 3 identical apartments featuring high‑end stainless steel appliances and quartz countertops
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 | $133.1k | $30.00 |
| − Vacancy | −$22.6k | −$5.10 |
| EGI | $110.5k | $24.90 |
| − OpEx | −$33.2k | −$7.47 |
| NOI | $77.4k | $17.43 |
4,438 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$966.9K – $1.29M
NOI $77,354 @ 7.0% cap · market cap 8.14%
Second Best
Multifamily LT 5
$686.8K
$601.0K – $801.3K
NOI $48,077 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,478 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elegance African Hair ...
Hair Salon
FAQs
What type of property is this?
Quadplex - Corner quadplex features a raw bi-level first-floor retail space and three 2-bed, 2-bath apartments above.
Where is this quadplex located?
The property is located at 540 S 52nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Corner quadplex built in 2023 with commercial first floor plus three 2 bed, 2 bath apartments above; First‑floor retail is a raw bi‑level space with 1,640 SF, ready for a new business; About 5,000+ SF total with 3 identical apartments featuring high‑end stainless steel appliances and quartz countertops
