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Exceptional mixed-use investment opportunity in the heart of Philadelphia’s thriving Olney Business District! This prominent commercial property consists of two adjoining buildings, 5408 and 5410 N. 5th Street, totaling approximately 5,219 square feet and offered as a package sale only. The property features a spacious commercial space on the first floor and two residential apartments on the second floor, creating an attractive income-producing opportunity. The commercial space is currently leased by the funeral home tenant for $5,000 per month. One residential apartment is also tenant-occupied and generates $950 per month in rental income. The commercial level offers an open and flexible layout suitable for a variety of CMX-2.5 permitted uses, including professional offices, educational facilities, religious institutions, childcare centers, medical offices, retail establishments, wellness services, and more (buyer to verify intended use). Additional finished basement space enhances the property’s functionality and expands its usable square footage. Positioned along a high-traffic commercial corridor with excellent visibility, this property presents an outstanding opportunity for investors, owner-users, and developers seeking a versatile asset with existing income and future upside potential. Please note: The funeral home business currently operating within the property is not included in the sale. The real estate located at 5408 and 5410 N. 5th Street is being sold together as a package and will not be sold separately. Don’t miss this rare opportunity to acquire a well-located mixed-use property in one of Philadelphia’s busiest commercial corridors. Schedule your private tour today and discover the many possibilities this unique investment has to offer. The property features a spacious commercial space on the first floor and two residential apartments on the second floor, creating an attractive income-producing opportunity. The commercial space and one apartment is currently leased by the funeral home tenant for $5,000 per month. One residential apartment is also tenant-occupied and generates $950 per month in rental income. The commercial level offers an open and flexible layout suitable for a variety of CMX-2.5 permitted uses, including professional offices, educational facilities, religious institutions, childcare centers, medical offices, retail establishments, wellness services, and more (buyer to verify intended use). Additional finished basement space enhances the property’s functionality and expands its usable square footage. Positioned along a high-traffic commercial corridor with excellent visibility, this property presents an outstanding opportunity for investors, owner-users, and developers seeking a versatile asset with existing income and future upside potential. Please note: The funeral home business currently operating within the property is not included in the sale. The real estate located at 5408 and 5410 N. 5th Street is being sold together as a package and will not be sold separately. The funeral home has central air however, not the 2nd floor of the building. 5410 does not have central air. Don’t miss this rare opportunity to acquire a well-located mixed-use property in one of Philadelphia’s busiest commercial corridors. Schedule your private tour today and discover the many possibilities this unique investment has to offer.

Highlights

  • Commercial Sale
  • Mixed Use
  • Built in 1940
  • 0.06 Acre Lot
  • 150 days on Market

  • Year Built
    1940
  • Parking Features
    On Street
  • Appliances
    Gas Water Heater
  • Cooling
    Central Air, Electric
  • Heating
    Forced Air, Natural Gas

  • Acres
    0.06
  • Water
    Public


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How do I schedule a tour of ?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to .

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How do I get more information about ?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $499,900. We can talk through recent upgrades, potential seller motivation, how this mixed use compares to others in Philadelphia, and can even get you in to see the property quickly.

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How much is the monthly mortgage payment for ?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for at around $3,162. This includes estimated property taxes and insurance.

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Can I negotiate the asking price for ?

In most cases, yes. Whether is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Philadelphia's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on ?

We can handle that for you. Our preferred local agent specializes in commercial sales in Philadelphia and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

was listed on June 12, 2026, which means it's been on the market for 150 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1940, making it approximately 86 years old.

What is the lot size of this property?

sits on a 0.06-acre lot, which is 2,614 square feet.

What are the property taxes for ?

The most recent public record shows annual property taxes for were approximately $3,807. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Bright. All rights reserved.

Last Updated: November 09, 2026 at 03:32PM | Source: Bright | MLS#: PAPH2634552