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 Market12
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
(215) 302-4400
Listed By:
Joseph M. Loonstyn Jr. · License #RM426384
Source:
Viewmarylandhomesforsale
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 25 at 8:06AM
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 = 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
$58,294
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
9.11%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
