9-Unit Apartment
New
For Sale
$2,150,000
1845 N 6TH STREET, Philadelphia, PA 19122
Modern residences include in-unit laundry, hardwood floors, and kitchens with stainless steel appliances and quartz countertops.
Property Size7,260 SF
Price / SF$296.14
Days on Market5
Property Features for 1845 N 6TH STREET
General Information
Standard status
Active
Size
7,260 SF
Property subtype
Commercial
Additional Details
Gross Income
$142,320
Multifamily Units
9
Building Details
Year Built
2020
Buildings
1
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Elan Elkaim · License #RS316148
(215) 960-9537
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:47PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
Built in 2020, this nine-unit apartment building offers a mix of two-bedroom/two-bathroom and one-bedroom/one-bathroom residences. The two-bedroom layouts include both bilevel and single-floor configurations. Interior features include open-concept kitchens with stainless steel appliances, quartz countertops, and modern cabinetry, along with in-unit washers and dryers, hardwood floors, surround sound, smart thermostats, and security systems.
Seven of the nine apartments are leased on long-term agreements. The property is at 1845 N 6th Street in Philadelphia’s 19122 ZIP code, with bars, restaurants, and shops including Human Robot, Billy Penn Studios, and Sor Ynez nearby. Northern Liberties, Fishtown, and Center City are also identified as nearby areas. A tax abatement has remaining years.
Seven of the nine apartments are leased on long-term agreements. The property is at 1845 N 6th Street in Philadelphia’s 19122 ZIP code, with bars, restaurants, and shops including Human Robot, Billy Penn Studios, and Sor Ynez nearby. Northern Liberties, Fishtown, and Center City are also identified as nearby areas. A tax abatement has remaining years.
Key Highlights
- Nine apartments with a mix of 2BR/2BA and 1BR/1BA layouts
- Two‑bedroom units include bilevel and single‑floor configurations
- Built in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,196
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,283,920
$2.3M
Cap Rate 7%
$1,631,371
$1.6M
Cap Rate 9%
$1,268,844
$1.3M
Market Conditions
NOI Build-Up for 7,260 SF
Gross rent
$220.4K $30.36/SF
− Vacancy
−$12.8K −$1.76/SF
EGI
$207.6K $28.60/SF
− OpEx
−$93.4K −$12.87/SF
NOI
$114.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,283,920
Cap Rate 7%
$1,631,371
Cap Rate 9%
$1,268,844
Alternative Uses
Best Use
Apartment 5plus
$1.63M
$1.43M – $1.90M
NOI $114,196 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.77M
$1.55M – $2.06M
NOI $123,891 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,282
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Modern residences include in-unit laundry, hardwood floors, and kitchens with stainless steel appliances and quartz countertops.
Where is this apartment building located?
The property is located at 1845 N 6TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Nine apartments with a mix of 2BR/2BA and 1BR/1BA layouts; Two‑bedroom units include bilevel and single‑floor configurations; Built in 2020
