6160 CHARLES Street Philadelphia, PA 19135
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Features for 6160 CHARLES Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Driveway, Offsite
- Standard status
- Active
- Size
- 1,744 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3554
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1945
- Number of units
- 3
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Emilio john DiCicco License #RS358289 (215) 669-4347
Listing office Keller Williams Real Estate - Newtown 12 Terry Drive, Newtown, PA (215) 860-4200
Listing date Jul 7, 2026
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.
Investment Insights
Based on property information with market context.
The triplex is situated on a desirable corner lot with an end-of-row configuration, providing an oversized front yard setback, additional side yard, and mature evergreen landscaping. The address offers convenient access to major highways and the bridges to New Jersey, supporting practical day-to-day connectivity.
For investors or owner-operators, the property is currently fully occupied and income-producing, with tenants already in place. All current leases expire on March 1, 2027, giving the next owner a defined horizon for lease rollover and planning. With a recent track record of capital improvements and in-unit laundry, the building is positioned to appeal to tenants who value convenience and a maintained living environment.
Key Highlights
- Legal triplex at 6160 Charles Street, Philadelphia, PA 19135, fully occupied and income‑producing
- Major improvements include three hot water heaters replaced in 2021, 2024, and 2026 and a new flat roof installed in 2021
- Each of the three units has its own private washer and dryer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $42.5k | $24.38 |
| − OpEx | −$12.8k | −$7.31 |
| NOI | $29.8k | $17.06 |
