Mixed-Use Triplex with Commercial
For Sale
$319,900
5451 Oakland Street, Philadelphia, PA 19124
Three-level property with two residential apartments and a separately accessed commercial area with flexible layout options.
Property Size1,564 SF
Price / SF$204.54
Days on Market300
Property Features for 5451 Oakland Street
General Information
Standard status
Active
Size
1,564 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
RSA5
Taxes and HOA fees
Annual Taxes
$1,660
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1945
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
RE/MAX Affiliates
(215) 696-9743
Listed By:
Garba O Adam · License #RS290134
(215) 696-9743
Source:
Compass
Added: Nov 4, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:26PM
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 RE/MAX Affiliates
Investment Insights
Based on property information with market context.
This 1945 mixed-use triplex combines commercial and residential space across 3 floors. The 1st floor basement is configured for commercial occupancy and includes 2 sections, 2 separate entrances, and a powder bathroom for each section. The areas may function independently or be combined into one business unit. An attached garage provides additional enclosed space, while street parking is available.
The 2nd and 3rd floors each contain a 2-bedroom apartment with front and rear entrances. All residential and commercial areas have separate electric service. The apartments are occupied under month-to-month leases, and the current tenants may remain. Located in Philadelphia's Oxford Circle area, the property is minutes from the Bridge and Pratt SEPTA Transportation center and is zoned RSA5. The sale is strictly as-is.
The 2nd and 3rd floors each contain a 2-bedroom apartment with front and rear entrances. All residential and commercial areas have separate electric service. The apartments are occupied under month-to-month leases, and the current tenants may remain. Located in Philadelphia's Oxford Circle area, the property is minutes from the Bridge and Pratt SEPTA Transportation center and is zoned RSA5. The sale is strictly as-is.
Key Highlights
- Mixed‑use triplex with 3 floors, including commercial and residential areas
- Commercial 1st floor basement has 2 sections with 2 separate entrances
- Each commercial section includes its own powder bathroom
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
$26,871
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
8.40%
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%
$537,420
$537.4K
Cap Rate 7%
$383,871
$383.9K
Cap Rate 9%
$298,567
$298.6K
Market Conditions
NOI Build-Up for 1,564 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
$46.7K $29.88/SF
− Vacancy
−$3.7K −$2.39/SF
EGI
$43.0K $27.49/SF
− OpEx
−$16.1K −$10.31/SF
NOI
$26.9K $17.18/SF
Area
ZIP 19124
Vacancy
8.00%
Lease Rate
$29.88 /SF/Yr
Expense Ratio
37.50%
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%
$537,420
Cap Rate 7%
$383,871
Cap Rate 9%
$298,567
Alternative Uses
Best Use
Retail
$839.7K
$734.7K – $979.6K
NOI $58,776 @ 7.0% cap · market cap 18.37%
Second Best
Mixed Use
$383.9K
$335.9K – $447.9K
NOI $26,871 @ 7.0% cap · market cap 8.40%
Theoretical Best
Specialty Retail
$899.6K
$787.2K – $1.05M
NOI $62,974 @ 7.0% cap · market cap 19.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 19124, PA
68,766
Population
27,014
Households
2.5
Avg Household Size
33
Median Age
15%
College-Educated
80%
High-School Grad
5.1 sq mi
ZIP Area
13,484
Density / Sq Mi
$46,100
Median Household Income
$35,364
Median Earnings
$1,063
Median Rent
$155,000
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?
Mixed-use property - Three-level property with two residential apartments and a separately accessed commercial area with flexible layout options.
Where is this mixed-use property located?
The property is located at 5451 Oakland Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Mixed‑use triplex with 3 floors, including commercial and residential areas; Commercial 1st floor basement has 2 sections with 2 separate entrances; Each commercial section includes its own powder bathroom
