Corner Duplex with
New
For Sale
$849,900
1500 S 6TH Street, Philadelphia, PA 19147
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,654 SF
Lot Size0.03 Acres
Price / SF$232.59
Days on Market1
Property Features for 1500 S 6TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Dining Room, Basement
Parking features
On Street
Interior features
2nd Kitchen, Additional Stairway, Bathroom - Tub Shower, Built-Ins, Breakfast Area, Ceiling Fan(s), Chair Railings, Combination Dining/Living, Crown Moldings, Dining Area, Flat, Floor Plan - Open, Kitchen - Eat-In
Appliances
Cooktop, Dryer, Dryer - Front Loading, Exhaust Fan, Extra Refrigerator/Freezer, Instant Hot Water, Range Hood, Refrigerator, Stainless Steel Appliances, Washer, WaterHeater
Subdivision
DICKINSON NARROWS
Elementary school
ELIZA B. KIRKBRIDE
Middle school
ELIZA B. KIRKBRIDE
High school
HORACE FURNESS
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
3,654 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1940
Utilities
Heating system
Forced Air, Central
Cooling system
Central Air, Window Unit(s), Ceiling Fan(s)
Building Details
Year built
1915
Number of units
3
Building materials
Masonry, Copper Plumbing, Concrete, CPVC/PVC, Galvanized Plumbing, Mixed, Mixed Plumbing, Stucco, Tile
Architectural style
Other
Listing Agency:
Century 21 Advantage Gold-South Philadelphia · Century 21 Real Estate
(215) 465-1400
Listed By:
Phong D Lam · License #RS307378
(267) 918-1880
Added: Jul 31
Last Checked: Jul 31 at 4:06AM
MLS# PAPH2654576
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 corner duplex-style mixed-use property includes two spacious apartment units with decks located above an owner-operated laundromat. The laundromat is set up as a coin operation with 26 dryers (22 refurbished as of July 2025 and 4 originals) and 25 washers (7 triple loads, 6 double loads, 2 quad load, and 10 single load), plus a drink refreshment refrigerator. Interior features include tile floors throughout the laundromat with ceiling fans, and a small office area with window A/C and a portion of the front entry protected by automatic security door gates. The 2nd-floor unit offers three bedrooms, one full bathroom, kitchen, and living room, with new central air and gas heating installed in 2022. The 3rd-floor unit is reconfigured to include one large primary bedroom, one full bath, kitchen, living room, and dining room, with central air and electric heating installed in 2023.
Construction materials include masonry, stucco, concrete, and tile. A rubber roof was installed in March 2026. The property includes a cellar door from outside leading to an unfinished basement used for storage, with a large commercial-grade hot water heater and hot water tank supporting the laundromat and 2nd-floor unit, while the 3rd-floor unit has its own electric hot water tank.
Zoned CMX-1 mixed-use; buyer to confirm any zoning questions or use variance with the City. Separate electric meters are provided for the commercial space and the two apartment units.
Construction materials include masonry, stucco, concrete, and tile. A rubber roof was installed in March 2026. The property includes a cellar door from outside leading to an unfinished basement used for storage, with a large commercial-grade hot water heater and hot water tank supporting the laundromat and 2nd-floor unit, while the 3rd-floor unit has its own electric hot water tank.
Zoned CMX-1 mixed-use; buyer to confirm any zoning questions or use variance with the City. Separate electric meters are provided for the commercial space and the two apartment units.
Key Highlights
- Corner duplex‑style mixed‑use property with two apartment units above an owner‑operated laundromat
- Coin laundromat equipment: 26 dryers (22 refurbished July 2025, 4 original) and 25 washers
- 2nd‑floor apartment: 3 bedrooms, 1 full bath; new central air and gas heating installed in 2022
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 | $94.3k | $25.80 |
| − Vacancy | −$5.2k | −$1.42 |
| EGI | $89.1k | $24.38 |
| − OpEx | −$26.7k | −$7.31 |
| NOI | $62.4k | $17.06 |
3,654 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$890.8K
$779.4K – $1.04M
NOI $62,355 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$821.1K
$718.5K – $957.9K
NOI $57,476 @ 7.0% cap · market cap 6.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,241
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex-style mixed-use property with two apartment units above an owner-operated coin laundromat.
Where is this duplex located?
The property is located at 1500 S 6TH Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Corner duplex‑style mixed‑use property with two apartment units above an owner‑operated laundromat; Coin laundromat equipment: 26 dryers (22 refurbished July 2025, 4 original) and 25 washers; 2nd‑floor apartment: 3 bedrooms, 1 full bath; new central air and gas heating installed in 2022
