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    Renovated Duplex Multifamily Investment Property Title is generated by Realmo AI

    6041 VINE Street, Philadelphia, PA 19139

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    For Sale
    $175,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    1,336 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $130/SF
    Added:
    Jan 15, 2026
    Days on Market:
    125
    Last Refresh:
    May 20 at 6:06 am

    Property Features for 6041 VINE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Standard status
    Active
    Size
    1,336 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2035

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1925
    Number of units
    1
    Building materials
    Masonry
    Architectural style
    Other

    We can help!

    Listing Contact
    Sascha Alexander Edelkraut

    Listing agent Sascha Alexander Edelkraut

    Listing office Silver and Oak Realty 67 Buck Road unit: B37, Huntingdon Valley, PA

    Listing date Jan 15, 2026

    MLS# PAPH2575378 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two fully renovated duplexes (6041 and 6043 Vine St) being sold together, offering a total of four rental units.
    • All renovations were completed with permits in 2018, including new windows, utilities, and kitchens.
    • Existing rental income from three of the four units, totaling $2,550 per month.
    • Each house is mirrored in layout, simplifying management and maintenance.
    • Each unit offers ample storage space.
    • Central heating and air conditioning in both properties.

    Overview

    This property, to be sold together with 6043 Vine St, consists of a renovated duplex. The building was fully renovated with a permit in 2018 and is set up as a duplex, containing two units. The layout of this building mirrors that of 6043 Vine St. The first floor features a living area, dining area, kitchen, one room, one bathroom, a separate bedroom, and a large storage space. The second floor includes a kitchen with a dining/living area, a bathroom, two bedrooms, and storage space. New windows, utilities, and kitchens were installed in 2018. Unit 2 is currently rented at $840 per month, while Unit 1 is available for rent at $875 per month. The property is located in Philadelphia, PA, situated in the county of Philadelphia. The lot size is approximately 0.0331 acres, and the property size is 1336 square feet. The intended use of the property is as a multifamily residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.241127
    Latitude
    39.9669762

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    FAQs

    What type of property is this?
    Duplex - Two renovated duplexes, generating rental income, ideal for investment.
    Where is this duplex located?
    The property is located at 6041 VINE Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Two fully renovated duplexes (6041 and 6043 Vine St) being sold together, offering a total of four rental units.; All renovations were completed with permits in 2018, including new windows, utilities, and kitchens.; Existing rental income from three of the four units, totaling $2,550 per month.
    (267) 399-8043
    We can help!
    Listing Contact
    Sascha Alexander Edelkraut
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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