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$499,999
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Property Description
Welcome to 5923 N Broad Street, a well-maintained mixed-use investment property offering immediate income and additional upside in a prime Philadelphia location. The property features a vacant first-floor commercial space, providing a rare opportunity for an owner-operator to establish their business or for an investor to lease the space and increase cash flow. Previously operated as a modern beauty salon, the commercial unit offers a vestibule entrance, open floor plan, coffee/kitchen bar area, private restroom, and dual-zone split AC/heat systems. Above the commercial space are two spacious residential apartments, both currently leased and generating steady rental income. Each unit offers 2 bedrooms, 1 full bath, in-unit laundry, updated finishes, and abundant natural light. The second-floor apartment enjoys access to the private rear yard, while the third-floor unit features a private deck, perfect for outdoor relaxation. The building underwent extensive renovations just a few years ago, blending modern updates with the property's original character. Located along the highly visible North Broad Street corridor, the property offers convenient access to public transportation, shopping, dining, and major roadways. Whether you're looking to expand your investment portfolio, occupy the commercial space for your own business, or capitalize on the leasing opportunity, this versatile mixed-use property delivers flexibility, income, and long-term potential. Please note: Photos were taken prior to tenant occupancy.
Full Property Details
Full Property Details for 5923 N Broad St
General
- Price: $499,999
- Taxes: $2,008 (2024)
- Status: Active
- Type: Commercial Service
- Source: BrightMLSPhilly
- MLS ID: PAPH2629316
- Updated: 6/2/2026
- Added to Site: 13 day(s) ago
Business
- Business Type: Hair Salon and Spa, Health Club, Medical, Professiona
Interior
- Flooring: Engineered Wood, Ceramic Tile, Hardwood, Laminate Plank
Rooms
Bathrooms
- Restrooms: 3
Parking
- Parking Type: On Street
Location
- Area: 19141 (19141)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: North on Broad St past 59th St, property on the right-hand side.
School Information
- High School: Martin L. King
Heating & Cooling
- Cooling Type: Ductless/Mini-Split
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Electric
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Above Ground
Structural Information
- Construction: Masonry
- Foundation: Slab
- Roof: Flat
- Doors: Insulated
- Stories/Levels: 3
- Building Size: 1870
- Year Built: 1930
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 3
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,360
- Lot Size Source: Estimated
- Lot Dimensions: 20.00 x 118.00
- Zoning: CMX25
Financial Considerations
- Price Per Sq. Ft.: $267.38
- Assessment Year: 2025
- School Tax: $1,124
- City/TownTax: $883
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $143,500
- Tax Amount: $2,008
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Tenants personal Property
- Investment: Yes
- Lot Number: 157
Listed by Long & Foster Real Estate, Inc., Robert B Travers
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Schools
Schools serving 5923 N Broad St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Howe Julia Ward School 5800 North 13th Street, Philadelphia, PA 19141 | K-5 | 0.1 mi |
Wagner Gen Louis Middle School 1701 West Chelten Avenue, Philadelphia, PA 19126 | 6-8 | 0.6 mi |
King Martin Luther High School 6100 Stenton Avenue, Philadelphia, PA 19138 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5923 N Broad St
Date
Details
Price
Change
Source
6/02/2026
Listed
$499,999
1601.2%
MLS
10/10/2019
Sold
$29,391
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5923 N Broad St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,009
—
$143,500
—
2024
$2,009
144%
$143,500
100%
2021
$822
-58%
-100%
2023
$1,951
137%
$139,400
137%
2020
$822
1%
$58,700
1%
2019
$815
3%
$58,200
3%
2018
$792
-6%
$56,600
-6%
2017
$840
-53%
$60,000
-53%
2016
$1,793
4%
$128,100
—
2015
$1,717
—
$128,100
—
2014
$1,717
57%
$128,100
1044%
2013
$1,094
—
$11,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5923 N Broad St
5923 N Broad Street, Philadelphia, PA 19141 (MLS# PAPH2629316) is a Commercial Service property. 5923 N Broad Street is currently listed for $499,999 and was received on June 02, 2026. Want to learn more about 5923 N Broad Street? Do you have questions about finding other Commercial Service real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

