Vacant Two-Unit
New
For Sale
$249,000
6319 GARDENIA Street, Philadelphia, PA 19144
Multi-Family, PHILADELPHIA, PA
Property Size1,360 SF
Lot Size0.03 Acres
Price / SF$183.09
Days on Market3
Property Features for 6319 GARDENIA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,360 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3122
Utilities
Heating system
Hot Water(Heating)
Amenities
basement storage
Building Details
Year built
1942
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Edgardo Arquitola · License #RS331318
(267) 939-4705
Added: Aug 27
Last Checked: Aug 29 at 8:06AM
MLS# PAPH2664316
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.
This 1,360-square-foot duplex contains two vacant one-bedroom units, offering a compact residential income property with both suites available for occupancy. Interior features include hardwood flooring throughout each unit, ceramic tile in the kitchens and bathrooms, and functional room arrangements. The building was constructed in 1942 with masonry materials and is served by hot-water heating. Basement storage is also included.
The property is located on Gardenia Street in Philadelphia’s Germantown section, near public transportation, shopping, schools, parks, and neighborhood amenities. Its two-unit configuration supports either continued rental use or an owner-occupant arrangement with one residence available for occupancy.
The property is located on Gardenia Street in Philadelphia’s Germantown section, near public transportation, shopping, schools, parks, and neighborhood amenities. Its two-unit configuration supports either continued rental use or an owner-occupant arrangement with one residence available for occupancy.
Key Highlights
- Two one‑bedroom units within a 1,360‑square‑foot duplex
- Both units are vacant and available for occupancy
- Hardwood flooring throughout the units
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
$21,392
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
8.59%
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%
$427,840
$427.8K
Cap Rate 7%
$305,600
$305.6K
Cap Rate 9%
$237,689
$237.7K
Market Conditions
NOI Build-Up for 1,360 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
$41.3K $30.36/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$38.9K $28.60/SF
− OpEx
−$17.5K −$12.87/SF
NOI
$21.4K $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%
$427,840
Cap Rate 7%
$305,600
Cap Rate 9%
$237,689
Alternative Uses
Best Use
Multifamily LT 5
$331.5K
$290.1K – $386.8K
NOI $23,208 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$305.6K
$267.4K – $356.5K
NOI $21,392 @ 7.0% cap · market cap 8.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
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?
Duplex - Masonry construction provides two residential layouts with hardwood floors and ceramic tile kitchen and bathroom finishes.
Where is this duplex located?
The property is located at 6319 GARDENIA Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two one‑bedroom units within a 1,360‑square‑foot duplex; Both units are vacant and available for occupancy; Hardwood flooring throughout the units
