Triplex with Private Roof
1649 6th Street N, Philadelphia, PA 19122
For Sale
New
$899,000
Pending
Three residences offer distinct outdoor spaces, contemporary kitchens, and open layouts with stainless steel appliances.
Property Size4,269 SF
Days on Market7
Property Features for 1649 6th Street N
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Fully Finished
Electric
Yes
No
Estimated
Bathroom - Walk-In Shower,Built-Ins,Combination Dining/Living,Combination Kitchen/Dining,Dining Area,Floor Plan - Open,Intercom,Kitchen - Eat-In,Kitchen - Island
No Pool
Public
0.02
Roof Deck,Sidewalks,Street Lights
Concrete Perimeter
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Elite Realty Group Unl. Inc.
(215) 328-4800
Listed By:
Reut Cohen
Source:
Mullenrealty
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 10 at 8:11PM
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 Elite Realty Group Unl. Inc.
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Investment Insights
Based on property information with market context.
Completed in 2025, this RM1-zoned triplex contains three two-bedroom residences. The first has 2.5 bathrooms, a front porch, and a backyard; the second is a one-bathroom flat with a balcony. The third spans two levels and includes two bathrooms, a mezzanine, high ceilings, and a private green roof deck. Open layouts, contemporary kitchens, and stainless steel appliances feature across the property. A 1-year builder warranty is included, and the property qualifies for a 10-year tax abatement.
The corner property is beside a new development of 18 single-family townhomes. Northern Liberties, Fishtown, and Center City are identified as nearby destinations, with access to each noted in the property information.
The corner property is beside a new development of 18 single-family townhomes. Northern Liberties, Fishtown, and Center City are identified as nearby destinations, with access to each noted in the property information.
Key Highlights
- Three two‑bedroom residences, each with distinct layouts and outdoor features
- RM1 zoning and 2025 construction
- Unit 1: 2.5 bathrooms, front porch, and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,850
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,457,000
$1.5M
Cap Rate 7%
$1,040,714
$1.0M
Cap Rate 9%
$809,444
$809.4K
Market Conditions
NOI Build-Up for 4,269 SF
Gross rent
$110.1K $25.80/SF
− Vacancy
−$6.1K −$1.42/SF
EGI
$104.1K $24.38/SF
− OpEx
−$31.2K −$7.31/SF
NOI
$72.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,457,000
Cap Rate 7%
$1,040,714
Cap Rate 9%
$809,444
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$910.6K – $1.21M
NOI $72,850 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$959.3K
$839.4K – $1.12M
NOI $67,149 @ 7.0% cap · market cap 7.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,844
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
$341,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer distinct outdoor spaces, contemporary kitchens, and open layouts with stainless steel appliances.
Where is this triplex located?
The property is located at 1649 6th Street N Philadelphia, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three two‑bedroom residences, each with distinct layouts and outdoor features; RM1 zoning and 2025 construction; Unit 1: 2.5 bathrooms, front porch, and backyard
