Two-Unit Duplex
For Sale
$385,000
1314 S 6TH, Philadelphia, PA 19147
Corner property with separate two-bedroom and three-bedroom apartments, each offering a full bath and eat-in kitchen.
Property Size1,800 SF
Days on Market20
Property Features for 1314 S 6TH
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Gross Income
$25,200
Taxes and HOA fees
Annual Taxes
$5,694
Building Details
Building Size
1,800 SF
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
Target Realty
(215) 218-0939
Listed By:
Yun S Lu · License #RS276990
(215) 218-0939
Source:
Patmckennarealtors
Added: Jul 16
Changed: Aug 4
Last Checked: Aug 4 at 3:35AM
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 Target Realty
Investment Insights
Based on property information with market context.
Built in 1920, this legal duplex is configured as two residential apartments within a corner property. The first-floor unit includes 2 bedrooms, a living room, full tile bath, full eat-in kitchen, and access to the basement. A separate entrance serves the bi-level second- and third-floor apartment, which contains 3 bedrooms, a full bath, and an open eat-in kitchen. Both units are occupied by long-term tenants.
The property is located at 1314 S 6TH in Philadelphia’s Passyunk Square neighborhood, within ZIP code 19147. The existing layout provides distinct apartment entrances and a mix of one two-bedroom unit and one three-bedroom unit.
The property is located at 1314 S 6TH in Philadelphia’s Passyunk Square neighborhood, within ZIP code 19147. The existing layout provides distinct apartment entrances and a mix of one two-bedroom unit and one three-bedroom unit.
Key Highlights
- Legal duplex built in 1920
- First‑floor apartment with 2 bedrooms and basement access
- Bi‑level second- and third‑floor apartment with 3 bedrooms
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 | $46.4k | $25.80 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $43.9k | $24.38 |
| − OpEx | −$13.2k | −$7.31 |
| NOI | $30.7k | $17.06 |
1,800 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.8K
$384.0K – $512.0K
NOI $30,717 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,313 @ 7.0% cap · market cap 7.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
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 - Corner property with separate two-bedroom and three-bedroom apartments, each offering a full bath and eat-in kitchen.
Where is this duplex located?
The property is located at 1314 S 6TH Philadelphia, PA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Legal duplex built in 1920; First‑floor apartment with 2 bedrooms and basement access; Bi‑level second- and third‑floor apartment with 3 bedrooms
