Legal Corner
1314 S 6TH Philadelphia, PA 19147
For Sale
$385,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,800 SF
Lot Size0.02 Acres
Price / SF$213.89
Days on Market8
Property Features for 1314 S 6TH
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,800 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5694
Utilities
- Heating system
- Hot Water(Heating), Baseboard
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry, Brick
- Architectural style
- Other
Listing Agency:
Target Realty
(215) 218-0939
Listed By:
Yun S Lu · License #RS276990
(215) 218-0939
Added: Jul 16
Changed: Jul 17
Last Checked: Jul 23 at 9:06PM
MLS# PAPH2648600
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 legal corner duplex offers two separate apartments across the building. The 1st-floor unit is configured as a 2-bedroom apartment with access to the basement, a living room area, a full tile bath, and a full eat-in kitchen. The 2nd and 3rd floors combine into a bi-level 3-bedroom apartment that enters from the side of the building, featuring 3 bedrooms, a full bath, and an open eat-in kitchen.
The property is located at 1314 S 6TH in Philadelphia, PA 19147, and the current rents are approximately $2,100 per month with long-term tenants. Public remarks indicate the current rents are below market due to outdated conditions, with the stated potential to reach approximately $3,600 per month after updates.
With this existing duplex setup, the opportunity centers on applying updates to both units and aligning rent with current market levels, based on the figures provided in the remarks.
The property is located at 1314 S 6TH in Philadelphia, PA 19147, and the current rents are approximately $2,100 per month with long-term tenants. Public remarks indicate the current rents are below market due to outdated conditions, with the stated potential to reach approximately $3,600 per month after updates.
With this existing duplex setup, the opportunity centers on applying updates to both units and aligning rent with current market levels, based on the figures provided in the remarks.
Key Highlights
- Legal duplex with roughly $2,100/month current rents and long‑term tenants
- Corner property in Passyunk Square
- 1st floor: 2‑bedroom unit with basement access, living room area, full tile bath, and full eat‑in kitchen
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal duplex with a 2-bedroom first-floor unit and a side-entered bi-level 3-bedroom unit.
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 with roughly $2,100/month current rents and long‑term tenants; Corner property in Passyunk Square; 1st floor: 2‑bedroom unit with basement access, living room area, full tile bath, and full eat‑in kitchen
