Mixed-Use Property with Roof
For Sale
$539,900
549 North 12th Street, Philadelphia, PA 19123
Main-floor restaurant and bar space accompanies two one-bedroom residential units in Philadelphia.
Property Size2,441 SF
Price / SF$221.18
Days on Market317
Property Features for 549 North 12th Street
General Information
Standard status
Active
Size
2,441 SF
Property subtype
Multi-Family / Fee Simple
Zoning
CMX1
Property Condition
Severity
Major Repairs Needed
Evidence
Fire Damaged
Taxes and HOA fees
Annual Taxes
$4,913
Amenities
Roof Deck
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
2020
Stories
3
Listing Agency:
Compass
Listed By:
Eli Qarkaxhia · License #RS311277
(267) 692-4450
Source:
Compass
Added: Oct 24, 2025
Changed: Aug 29
Last Checked: Mar 25 at 11:02AM
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 Compass
Investment Insights
Based on property information with market context.
Located at 549 N 12th Street in Philadelphia, this mixed-use property combines a restaurant and bar on the main floor with residential space above. The second and third floors each contain a one-bedroom unit, and the upper residence includes access to a roof deck.
The property has experienced fire damage and requires repair. It is offered in as-is condition, presenting a mixed-use building with both commercial and residential components.
The property has experienced fire damage and requires repair. It is offered in as-is condition, presenting a mixed-use building with both commercial and residential components.
Key Highlights
- Main‑floor restaurant and bar space
- Two one‑bedroom units on the second and third floors
- Roof deck serving the top residential unit
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
$38,396
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
7.11%
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%
$767,920
$767.9K
Cap Rate 7%
$548,514
$548.5K
Cap Rate 9%
$426,622
$426.6K
Market Conditions
NOI Build-Up for 2,441 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
$74.1K $30.36/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$69.8K $28.60/SF
− OpEx
−$31.4K −$12.87/SF
NOI
$38.4K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$767,920
Cap Rate 7%
$548,514
Cap Rate 9%
$426,622
Alternative Uses
Best Use
Apartment 5plus
$548.5K
$480.0K – $639.9K
NOI $38,396 @ 7.0% cap · market cap 7.11%
Second Best
Specialty Retail
$505.3K
$442.1K – $589.5K
NOI $35,370 @ 7.0% cap · market cap 6.55%
Theoretical Best
Multifamily LT 5
$595.1K
$520.7K – $694.3K
NOI $41,655 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,285
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
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 - Main-floor restaurant and bar space accompanies two one-bedroom residential units in Philadelphia.
Where is this mixed-use property located?
The property is located at 549 North 12th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Main‑floor restaurant and bar space; Two one‑bedroom units on the second and third floors; Roof deck serving the top residential unit
