Residential Income
For Sale
$209,900
Pending
3245 N 6TH STREET, Philadelphia, PA 19140
Traditional residential income property with central air, electric service, and an electric water heater.
Property Size1,172 SF
Days on Market86
Property Features for 3245 N 6TH STREET
General Information
Standard status
Pending
Size
1,172 SF
Property subtype
Residential Income
Zoning
RM1
Site & Location
Neighborhood
Fairhill
Taxes and HOA fees
Annual Taxes
$1,073
Amenities
Central Air, Electric
Electric, Central
Electric Water Heater
On Street
Traditional
Building Details
Building Size
1,172 SF
Year Built
1925
Listing Agency:
Genstone Realty
Listed By:
Christopher B Nelson · License #RS273327
(484) 576-7430
Source:
Evrealestate
Added: Aug 8
Changed: Oct 31
Last Checked: Oct 30 at 2:53PM
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 Genstone Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property was built in 1925 and features a traditional exterior, central air, electric service, and an electric water heater. The property size is 1,172, with on-street parking identified among the exterior features.
The property is located at 3245 N 6TH STREET in Philadelphia, Pennsylvania, within Philadelphia County. The zoning designation is RM1.
The property is located at 3245 N 6TH STREET in Philadelphia, Pennsylvania, within Philadelphia County. The zoning designation is RM1.
Key Highlights
- 1,172 property size
- Built in 1925
- RM1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,435
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,700
$368.7K
Cap Rate 7%
$263,357
$263.4K
Cap Rate 9%
$204,833
$204.8K
Market Conditions
NOI Build-Up for 1,172 SF
Gross rent
$35.6K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$33.5K $28.60/SF
− OpEx
−$15.1K −$12.87/SF
NOI
$18.4K $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%
$368,700
Cap Rate 7%
$263,357
Cap Rate 9%
$204,833
Alternative Uses
Best Use
Apartment 5plus
$263.4K
$230.4K – $307.3K
NOI $18,435 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$285.7K
$250.0K – $333.3K
NOI $20,000 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,366
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Traditional residential income property with central air, electric service, and an electric water heater.
Where is this residential income property located?
The property is located at 3245 N 6TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,172 property size; Built in 1925; RM1 zoning
