Corner Quadplex with Retail
For Sale
$979,900
540 South 52nd Street, Philadelphia, PA 19143
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$220.80
Days on Market226
Property Features for 540 South 52nd Street
General Information
Standard status
Active
Size
4,438 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RM-1
Additional Details
Multifamily Units
3
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
2023
Tenancy
Multi
Listing Agency:
KW Empower
Listed By:
Christopher K Somers · License #RS278328
(267) 987-4443
Source:
Compass
Added: Jan 22
Changed: Sep 4
Last Checked: Aug 14 at 8:01AM
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
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
$77,354
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
7.89%
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%
$1,547,080
$1.5M
Cap Rate 7%
$1,105,057
$1.1M
Cap Rate 9%
$859,489
$859.5K
Market Conditions
NOI Build-Up for 4,438 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
$133.1K $30.00/SF
− Vacancy
−$22.6K −$5.10/SF
EGI
$110.5K $24.90/SF
− OpEx
−$33.2K −$7.47/SF
NOI
$77.4K $17.43/SF
Area
ZIP 19143
Vacancy
17.00%
Lease Rate
$30.00 /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%
$1,547,080
Cap Rate 7%
$1,105,057
Cap Rate 9%
$859,489
Alternative Uses
Best Use
Retail
$1.11M
$966.9K – $1.29M
NOI $77,354 @ 7.0% cap · market cap 7.89%
Second Best
Multifamily LT 5
$686.8K
$601.0K – $801.3K
NOI $48,077 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,478 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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?
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 South 52nd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $979,900.
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
