Six-Unit Apartment
New
For Sale
$1,350,000
1233 N 6th Street, Philadelphia, PA 19122
Each residence has in-unit laundry, while select apartments include private outdoor space.
Property Size3,600 SF
Days on Market5
Property Features for 1233 N 6th Street
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi-Family
Zoning
RSA5
Site & Location
Neighborhood
Olde Kensington
Public Transit
Yes
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$5,757
Amenities
in-unit washer and dryer
private storage space
shared entry foyer
individually controlled heating and cooling
Electric
Yes
No
Assessor
No Pool
Public
0.04
On Street
Brick/Mortar
80500.00
Building Details
Building Size
3,600 SF
Year Built
1915
Buildings
1
Listing Agency:
(443) 998-9213
Listed By:
John Bosley
Source:
Knot6
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 3:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John Bosley
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Investment Insights
Based on property information with market context.
This six-unit apartment building in Philadelphia was built in 1915 and has been renovated. Each residence offers one bedroom and one bathroom, with an open layout, luxury vinyl plank flooring, stainless steel appliances, updated cabinetry, quartz-style counters, and contemporary finishes. Kitchens and bathrooms have been updated; bathrooms include glass-enclosed showers. Oversized windows bring natural light into the apartments, and recessed lighting and individually controlled heating and cooling are additional features.
Every unit has its own washer and dryer, and basement storage is provided. The building also includes a shared entry foyer. Unit 1R has private outdoor space, while other residences feature varied layouts and architectural details. The property is zoned RSA5 and is near neighborhood restaurants, shops, and public transportation.
Every unit has its own washer and dryer, and basement storage is provided. The building also includes a shared entry foyer. Unit 1R has private outdoor space, while other residences feature varied layouts and architectural details. The property is zoned RSA5 and is near neighborhood restaurants, shops, and public transportation.
Key Highlights
- Six apartments, each with one bedroom and one bathroom
- Built in 1915; renovated, with RSA5 zoning
- In‑unit washer and dryer in every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,626
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,520
$1.1M
Cap Rate 7%
$808,943
$808.9K
Cap Rate 9%
$629,178
$629.2K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$109.3K $30.36/SF
− Vacancy
−$6.3K −$1.76/SF
EGI
$103.0K $28.60/SF
− OpEx
−$46.3K −$12.87/SF
NOI
$56.6K $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 Rate 5%
$1,132,520
Cap Rate 7%
$808,943
Cap Rate 9%
$629,178
Alternative Uses
Best Use
Apartment 5plus
$808.9K
$707.8K – $943.8K
NOI $56,626 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$877.6K
$767.9K – $1.02M
NOI $61,434 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
3,111
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has in-unit laundry, while select apartments include private outdoor space.
Where is this apartment building located?
The property is located at 1233 N 6th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six apartments, each with one bedroom and one bathroom; Built in 1915; renovated, with RSA5 zoning; In‑unit washer and dryer in every apartment
