Corner Quadplex Income
1527 S 6Th Street Philadelphia, PA 19147
For Sale
$525,000
Legal quadruplex offers two 3-bedroom and two 1-bedroom apartments and is sold as-is.
Property Size2,952 SF
Price / SF$177.85
Days on Market162
Property Features for 1527 S 6Th Street
General Information
- Standard status
- Active
- Size
- 2,952 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency:
KW Empower
(610) 679-0127
Listed By:
Amanda Strain
(610) 679-0127
Source:
Thetristaterealestategroup
Added: Feb 12
Changed: Jul 22
Last Checked: Jul 24 at 5:28AM
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 KW Empower
Investment Insights
Based on property information with market context.
This legal corner quadplex is being sold AS IS and is fully rented. The property is configured with two 3-bedroom apartments and two 1-bedroom apartments, providing a mix of unit sizes within the same building.
The property is located at 1527 S 6Th Street in Philadelphia, PA 19147. Being a corner setup, it presents an additional exterior exposure point compared with an interior lot.
The building requires some updating and repairs, creating an opportunity for an owner to address deferred maintenance and bring the property to the next level while maintaining existing rental occupancy.
The property is located at 1527 S 6Th Street in Philadelphia, PA 19147. Being a corner setup, it presents an additional exterior exposure point compared with an interior lot.
The building requires some updating and repairs, creating an opportunity for an owner to address deferred maintenance and bring the property to the next level while maintaining existing rental occupancy.
Key Highlights
- Legal quadruplex fully rented, offered as‑is
- Unit mix: two 3‑bedroom apartments and two 1‑bedroom apartments
- Public water; natural gas hot water and heating (electric heat)
Financial Insights For Apartment 5plus
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 | $89.6k | $30.36 |
| − Vacancy | −$5.2k | −$1.76 |
| EGI | $84.4k | $28.60 |
| − OpEx | −$38.0k | −$12.87 |
| NOI | $46.4k | $15.73 |
2,952 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$719.7K
$629.7K – $839.6K
NOI $50,376 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$663.3K
$580.4K – $773.9K
NOI $46,434 @ 7.0% cap · market cap 8.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Legal quadruplex offers two 3-bedroom and two 1-bedroom apartments and is sold as-is.
Where is this quadplex located?
The property is located at 1527 S 6Th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Legal quadruplex fully rented, offered as‑is; Unit mix: two 3‑bedroom apartments and two 1‑bedroom apartments; Public water; natural gas hot water and heating (electric heat)
