Occupied Mixed-Use
For Sale
$640,000
5900 Market St, Philadelphia, PA 19139
Residential and commercial uses share a renovated building with convenient SEPTA rail connectivity.
Property Size3,706 SF
Price / SF$172.69
Days on Market85
Property Features for 5900 Market St
General Information
Standard status
Active
Size
3,706 SF
Property subtype
Commercial
Occupancy
100%
Financials
Gross Income
$75,210
Average Monthly Rent
$1,057
Units
Unit Mix
2 x studio, 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Building Details
Year Built
1915
Year Renovated
2019
Listing Agency:
Loonstyn Brothers Realty LLC
Listed By:
Joseph M. Loonstyn Jr. · License #RM426384
(215) 302-4400
Source:
Viewmarylandhomesforsale
Added: Jul 22
Changed: Oct 1
Last Checked: Oct 12 at 8:27PM
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 Loonstyn Brothers Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property contains five residential units and a ground-floor commercial suite within 3,706 square feet of gross building area. The building dates to 1915 and underwent renovation in 2019. The residential layout includes two studios, two one-bedroom/one-bathroom apartments, and one two-bedroom/one-bathroom apartment. The property is currently 100% occupied, while the commercial space has a lease extending through May 2031.
The building fronts Market Street in West Philadelphia and sits along SEPTA’s Market-Frankford Line. The 60th Street Station is within a short walk, offering rail connections to Center City, University City, and the broader Philadelphia employment base. SEPTA bus routes operating on Market Street provide additional transit access across West Philadelphia and the metropolitan area.
The building fronts Market Street in West Philadelphia and sits along SEPTA’s Market-Frankford Line. The 60th Street Station is within a short walk, offering rail connections to Center City, University City, and the broader Philadelphia employment base. SEPTA bus routes operating on Market Street provide additional transit access across West Philadelphia and the metropolitan area.
Key Highlights
- Five residential units plus one ground‑floor commercial suite
- 3,706 square feet of gross building area
- Renovated in 2019; originally built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,294
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,880
$1.2M
Cap Rate 7%
$832,771
$832.8K
Cap Rate 9%
$647,711
$647.7K
Market Conditions
NOI Build-Up for 3,706 SF
Gross rent
$112.5K $30.36/SF
− Vacancy
−$6.5K −$1.76/SF
EGI
$106.0K $28.60/SF
− OpEx
−$47.7K −$12.87/SF
NOI
$58.3K $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 Rate 5%
$1,165,880
Cap Rate 7%
$832,771
Cap Rate 9%
$647,711
Alternative Uses
Best Use
Apartment 5plus
$832.8K
$728.7K – $971.6K
NOI $58,294 @ 7.0% cap · market cap 9.11%
Second Best
Mixed Use
$629.0K
$550.3K – $733.8K
NOI $44,027 @ 7.0% cap · market cap 6.88%
Theoretical Best
Multifamily LT 5
$903.5K
$790.5K – $1.05M
NOI $63,242 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,921
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
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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 - Residential and commercial uses share a renovated building with convenient SEPTA rail connectivity.
Where is this mixed-use property located?
The property is located at 5900 Market St Philadelphia, PA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Five residential units plus one ground‑floor commercial suite; 3,706 square feet of gross building area; Renovated in 2019; originally built in 1915
