Mixed-Use Property with
New
For Sale
$275,000
5702 N 5TH, Philadelphia, PA 19120
Multi-Family, PHILADELPHIA, PA
Property Size1,802 SF
Lot Size0.04 Acres
Price / SF$152.61
Days on Market2
Property Features for 5702 N 5TH
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,802 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2592
Utilities
Heating system
Radiant
Building Details
Year built
1945
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
RE/MAX Main Line-West Chester · RE/MAX International
(610) 692-2228
Listed By:
Thomas Toole III · License #RS228901
(610) 692-6976
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 6:06PM
MLS# PAPH2665948
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1802-square-foot masonry property combines commercial and residential components across three levels. The ground floor includes a retail-oriented storefront with street-level exposure, a rear breezeway, and additional first-floor space. A two-bedroom, one-bath apartment occupies the second floor, while the third floor contains a one-bedroom, one-bath apartment. The property is offered in as-is condition.
Located at 5702 N 5TH in Philadelphia, the building sits along an established North Philadelphia commercial corridor with public transportation, shopping, restaurants, and everyday amenities nearby. Radiant heating, on-street parking, a 0.041-acre lot, and a 1945 construction date round out the physical profile. Mixed-use zoning supports the property’s combined commercial and residential format.
Located at 5702 N 5TH in Philadelphia, the building sits along an established North Philadelphia commercial corridor with public transportation, shopping, restaurants, and everyday amenities nearby. Radiant heating, on-street parking, a 0.041-acre lot, and a 1945 construction date round out the physical profile. Mixed-use zoning supports the property’s combined commercial and residential format.
Key Highlights
- 1802 square feet across commercial and residential space
- Ground‑floor storefront with street‑level exposure and additional first‑floor space
- 2‑bedroom, 1‑bath apartment on the second floor
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
$19,521
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
7.10%
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%
$390,420
$390.4K
Cap Rate 7%
$278,871
$278.9K
Cap Rate 9%
$216,900
$216.9K
Market Conditions
NOI Build-Up for 1,802 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
$30.1K $16.68/SF
− Vacancy
−$2.2K −$1.20/SF
EGI
$27.9K $15.48/SF
− OpEx
−$8.4K −$4.64/SF
NOI
$19.5K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /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%
$390,420
Cap Rate 7%
$278,871
Cap Rate 9%
$216,900
Alternative Uses
Best Use
Multifamily LT 5
$278.9K
$244.0K – $325.4K
NOI $19,521 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$248.0K
$217.0K – $289.4K
NOI $17,363 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$430.5K
$376.7K – $502.2K
NOI $30,132 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,555
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level configuration combines a street-facing commercial area with two apartments and additional first-floor space.
Where is this mixed-use property located?
The property is located at 5702 N 5TH Philadelphia, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1802 square feet across commercial and residential space; Ground‑floor storefront with street‑level exposure and additional first‑floor space; 2‑bedroom, 1‑bath apartment on the second floor
