Mixed-Use Building with
For Sale
$425,000
5718 CHESTER AVENUE, Philadelphia, PA 19143
Two apartments and a commercial tenancy are complemented by one vacant residential unit.
Property Size1,878 SF
Price / SF$226.30
Days on Market27
Property Features for 5718 CHESTER AVENUE
General Information
Standard status
Active
Size
1,878 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
Deferred Maintenance - New residential furnace recommended - New commercial condenser recommended
Building Details
Year Built
1925
Listing Agency:
Capital Commercial Real Estate Group
(610) 359-9700
Listed By:
Christopher A Yangello
(610) 359-9700
Source:
Cummingsrealtors
Added: Aug 1
Changed: Aug 25
Last Checked: Aug 26 at 8:10AM
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 Capital Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This 1,878-square-foot mixed-use property in Philadelphia was built in 1925 and combines two apartments with one commercial tenant. One residential unit is currently vacant, providing a clear opportunity to restore full occupancy. The commercial lease runs through September 1, 2027.
Property improvements include updated plumbing, electrical, flooring, tile, cabinets, countertops, and appliances. The roof is approximately 2 years old, while the commercial forced-air system is approximately 6 months old. Residential units use gas heat, with furnaces that are 15+ years old. The commercial space has electric and gas utilities, and a new commercial condenser and residential furnace are recommended.
Property improvements include updated plumbing, electrical, flooring, tile, cabinets, countertops, and appliances. The roof is approximately 2 years old, while the commercial forced-air system is approximately 6 months old. Residential units use gas heat, with furnaces that are 15+ years old. The commercial space has electric and gas utilities, and a new commercial condenser and residential furnace are recommended.
Key Highlights
- 1,878 SF mixed‑use building constructed in 1925
- Two apartments plus one commercial tenant
- One residential unit is currently vacant
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
$32,734
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
7.70%
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%
$654,680
$654.7K
Cap Rate 7%
$467,629
$467.6K
Cap Rate 9%
$363,711
$363.7K
Market Conditions
NOI Build-Up for 1,878 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
$56.3K $30.00/SF
− Vacancy
−$9.6K −$5.10/SF
EGI
$46.8K $24.90/SF
− OpEx
−$14.0K −$7.47/SF
NOI
$32.7K $17.43/SF
Area
ZIP 19143
Vacancy
17.00%
Lease Rate
$30.00 /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%
$654,680
Cap Rate 7%
$467,629
Cap Rate 9%
$363,711
Alternative Uses
Best Use
Retail
$467.6K
$409.2K – $545.6K
NOI $32,734 @ 7.0% cap · market cap 7.70%
Second Best
Mixed Use
$362.2K
$316.9K – $422.6K
NOI $25,353 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$643.7K
$563.2K – $751.0K
NOI $45,058 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
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 - Two apartments and a commercial tenancy are complemented by one vacant residential unit.
Where is this mixed-use property located?
The property is located at 5718 CHESTER AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,878 SF mixed‑use building constructed in 1925; Two apartments plus one commercial tenant; One residential unit is currently vacant
