Three-Unit Mixed-Use
5500 CHANCELLOR ST, Philadelphia, PA 19139
For Sale
New
$270,000
CMX2 zoning allows for a commercial or office component on the first floor.
Property Size1,376 SF
Price / SF$196.22
Days on Market4
Property Features for 5500 CHANCELLOR ST
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
private balcony
separate walkout entrance
Listing Agency:
Realty One Group Restore - BlueBell
(267) 462-4222
Listed By:
Roslyn Gilbert
(610) 636-5723
Source:
360
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 5:16AM
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 Realty One Group Restore - BlueBell
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Arranged as three separate units, this mixed-use property includes a two-bedroom apartment on the second floor with a private balcony, a one-bedroom space on the first floor, and a basement efficiency with its own walkout entrance. The first-floor unit is currently used as a salon and spa and features high ceilings, updated flooring, and fresh paint. Separate utilities serve the property.
The corner parcel is located in Philadelphia’s West Philadelphia area. CMX2 zoning supports a potential commercial or office component on the first floor, alongside the residential units.
The corner parcel is located in Philadelphia’s West Philadelphia area. CMX2 zoning supports a potential commercial or office component on the first floor, alongside the residential units.
Key Highlights
- Three distinct units: a 2‑bedroom apartment, 1‑bedroom unit, and basement efficiency
- Second‑floor apartment includes a private balcony
- Basement efficiency has a separate walkout entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,481
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,620
$469.6K
Cap Rate 7%
$335,443
$335.4K
Cap Rate 9%
$260,900
$260.9K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$35.5K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$33.5K $24.38/SF
− OpEx
−$10.1K −$7.31/SF
NOI
$23.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,620
Cap Rate 7%
$335,443
Cap Rate 9%
$260,900
Alternative Uses
Best Use
Multifamily LT 5
$335.4K
$293.5K – $391.4K
NOI $23,481 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$309.2K
$270.6K – $360.7K
NOI $21,644 @ 7.0% cap · market cap 8.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,381
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX2 zoning allows for a commercial or office component on the first floor.
Where is this mixed-use property located?
The property is located at 5500 CHANCELLOR ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Three distinct units: a 2‑bedroom apartment, 1‑bedroom unit, and basement efficiency; Second‑floor apartment includes a private balcony; Basement efficiency has a separate walkout entrance
