New Construction Triplex with Roof
New
For Sale
$849,000
Pending
1651 6th Street N, Philadelphia, PA 19122
Three residences offer varied layouts, including a bi-level penthouse with a private roof deck.
Property Size4,269 SF
Days on Market3
Property Features for 1651 6th Street N
General Information
Standard status
Pending
Size
4,269 SF
Property subtype
Multi-Family
Zoning
RM1
Site & Location
Neighborhood
Dickinson Narrows
Units
Unit Mix
1 x 2BR/2.5BA, 1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
3
Amenities
private front porch
backyard
private balcony
private green roof deck
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
4,269 SF
Year Built
2025
Buildings
1
Listing Agency:
Elite Realty Group Unl. Inc.
(215) 328-4800
Listed By:
Reut Cohen
Source:
Chennaultrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:33AM
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 distinct residences. Two are two-bedroom flats: one has 2.5 bathrooms and a front porch and backyard, while the other includes one bathroom and a private balcony. The third unit is a two-bedroom, two-bathroom bi-level penthouse with a mezzanine and private green roof deck. Open layouts, contemporary kitchens, stainless steel appliances and built-in features are included throughout. A one-year builder warranty and eligibility for a 10-year tax abatement are also part of the property offering.
At 1651 6th Street N in Philadelphia, the property sits beside a new development of 18 single-family townhomes. The location has access to Northern Liberties, Fishtown and Center City.
At 1651 6th Street N in Philadelphia, the property sits beside a new development of 18 single-family townhomes. The location has access to Northern Liberties, Fishtown and Center City.
Key Highlights
- Three‑unit property completed in 2025; zoned RM1
- Unit mix includes two 2‑bedroom flats and a 2‑bedroom, 2‑bathroom bi‑level penthouse
- Flat layouts include a unit with 2.5 bathrooms, front porch and backyard, and one with a private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,850
Cap Rate
8.58%
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 8.58%
Second Best
Apartment 5plus
$959.3K
$839.4K – $1.12M
NOI $67,149 @ 7.0% cap · market cap 7.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer varied layouts, including a bi-level penthouse with a private roof deck.
Where is this triplex located?
The property is located at 1651 6th Street N Philadelphia, PA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Three‑unit property completed in 2025; zoned RM1; Unit mix includes two 2‑bedroom flats and a 2‑bedroom, 2‑bathroom bi‑level penthouse; Flat layouts include a unit with 2.5 bathrooms, front porch and backyard, and one with a private balcony
