Mixed-Use Apartment
5400 Walnut Street Philadelphia, PA 19139
5400 Walnut Street, Philadelphia, PA, 19139
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For Sale
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Mixed-use property with 14 residential units and fully leased ground-floor grocery space.
Property Size11,160 SF
Price / SF$134.41
Days on Market43
Property Features for 5400 Walnut Street
General Information
- Standard status
- Active
- Size
- 11,160 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1957
Listing agency
GREA
Listed by
Christopher Farmer · License #RS331174
Source
Crexi
Added: Jun 10 Updated: Jul 22 at 12:54AM Checked: Jun 19 at 3:46AM
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 GREA
Investment Insights
Based on property information with market context.
The Penn Building is a mixed-use apartment community offering 14 residential units with an included unit mix of five studio apartments, eight one-bedroom apartments, and one two-bedroom apartment. The apartments feature open floor plans and modern kitchens with stainless steel appliances and functional layouts.
The property is positioned on a prominent southwest corner with frontage along 54th Street and Walnut Street. A fully leased ground-floor commercial space is occupied by a long-term grocery tenant, providing supplemental income alongside the residential component.
With 14 apartments and a commercial tenant already in place, the building offers current in-place rents that remain approximately $100 to $300 below market, creating an opportunity for new ownership to pursue continued unit upgrades and operational improvements.
The property is positioned on a prominent southwest corner with frontage along 54th Street and Walnut Street. A fully leased ground-floor commercial space is occupied by a long-term grocery tenant, providing supplemental income alongside the residential component.
With 14 apartments and a commercial tenant already in place, the building offers current in-place rents that remain approximately $100 to $300 below market, creating an opportunity for new ownership to pursue continued unit upgrades and operational improvements.
Key Highlights
- Mixed‑use property with 14 residential units plus fully leased ground‑floor commercial grocery space.
- 14‑unit unit mix: 5 studios, 8 one‑bedroom apartments, and 1 two‑bedroom apartment.
- Approx. 11,160 SF building on a prominent southwest corner with frontage along 54th St and Walnut St.
Local 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 | $200.9k | $18.00 |
| − Vacancy | −$20.7k | −$1.85 |
| EGI | $180.2k | $16.15 |
| − OpEx | −$54.1k | −$4.84 |
| NOI | $126.1k | $11.30 |
11,160 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Apartment 5plus
$2.51M
$2.19M – $2.93M
NOI $175,541 @ 7.0% cap · market cap 11.70%
Second Best
Specialty Retail
$2.31M
$2.02M – $2.70M
NOI $161,708 @ 7.0% cap · market cap 10.78%
Theoretical Best
Multifamily LT 5
$2.72M
$2.38M – $3.17M
NOI $190,444 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A & C Food Market
Grocery & Convenience Store
The Penn
Apartment Building
Amazon Hub Locker ...
Postal Service
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FAQs
What type of property is this?
Apartment building - Mixed-use property with 14 residential units and fully leased ground-floor grocery space.
Where is this apartment building located?
The property is located at 5400 Walnut Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Mixed‑use property with 14 residential units plus fully leased ground‑floor commercial grocery space.; 14‑unit unit mix: 5 studios, 8 one‑bedroom apartments, and 1 two‑bedroom apartment.; Approx. 11,160 SF building on a prominent southwest corner with frontage along 54th St and Walnut St.
