9-Unit Apartment
New
For Sale
$2,150,000
1845 N 6TH Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size7,260 SF
Lot Size0.12 Acres
Price / SF$296.14
Days on Market2
Property Features for 1845 N 6TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
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
7,260 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
2241
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
stainless steel appliances
quartz countertops
modern cabinetry
in-unit washer and dryer
hardwood floors
surround sound
smart thermostats
security systems
Building Details
Year built
2020
Number of units
4
Building materials
Brick
Architectural style
Other
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Elan Elkaim · License #RS316148
(215) 960-9537
Added: Oct 16
Last Checked: Oct 17 at 3:06AM
MLS# PAPH2681762
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.
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Investment Insights
Based on property information with market context.
Completed in 2020, this 9-unit apartment property contains a mix of bi-level 2-bedroom/2-bathroom homes, single-level 2-bedroom/2-bathroom homes, and 1-bedroom/1-bathroom units. Seven apartments are leased on long-term agreements. Residences feature open-plan kitchens with stainless steel appliances, quartz counters, and modern cabinetry, along with hardwood flooring and in-unit laundry. Surround sound, smart thermostats, and security systems are also installed.
The property is in Philadelphia’s 19122 ZIP code, near Human Robot, Billy Penn Studios, and Sor Ynez. Northern Liberties, Fishtown, and Center City are also identified as nearby areas. A tax abatement remains in place.
The property is in Philadelphia’s 19122 ZIP code, near Human Robot, Billy Penn Studios, and Sor Ynez. Northern Liberties, Fishtown, and Center City are also identified as nearby areas. A tax abatement remains in place.
Key Highlights
- 9 apartments across bi‑level 2BR/2BA, single‑level 2BR/2BA, and 1BR/1BA layouts
- Built in 2020; 7 of 9 units are leased on long‑term leases
- In‑unit washer and dryer, hardwood floors, and open‑plan kitchens
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
Current Use
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 - A 2020-built Philadelphia property combines three apartment layouts with contemporary in-unit finishes and systems.
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: 9 apartments across bi‑level 2BR/2BA, single‑level 2BR/2BA, and 1BR/1BA layouts; Built in 2020; 7 of 9 units are leased on long‑term leases; In‑unit washer and dryer, hardwood floors, and open‑plan kitchens
