6-Unit Apartment
New
For Sale
$675,000
Pending
3606-00 Powelton Avenue, Philadelphia, PA 19104
The three-story rental property has current sprinkler and fire alarm certifications.
Property Size3,150 SF
Lot Size0.07 Acres
Days on Market2
Property Features for 3606-00 Powelton Avenue
General Information
Standard status
Pending
Size
3,150 SF
Lot size
0.07 Acres
Zoning
RTA1
Site & Location
Neighborhood
Powelton
Additional Details
Sprinkler System
Yes
Multifamily Units
6
Currently Operating
Yes
Amenities
Hardwood
60+ Gallon Tank
Yes
Natural Gas
No
6
Public
CA0
25.00 x 120.00
0.07
Assessor
On Street
Stone
3150.00
0.00
Building Details
Building Size
3,150 SF
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
Compass Pennsylvania, LLC
(610) 822-3356
Listed By:
Thomas S Dilsheimer
Source:
Chennaultrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:31AM
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 Compass Pennsylvania, LLC
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 6-unit apartment building in Philadelphia contains approximately 3,150 square feet of improvements on a 3,000-square-foot lot. Built in 1920, the three-story property has operated as licensed rental housing. Current sprinkler and fire alarm certifications are in place.
The building is at 3606-00 Powelton Avenue, near Drexel University's main campus in Powelton Village. It has 25 feet of frontage and is zoned RTA1.
The building is at 3606-00 Powelton Avenue, near Drexel University's main campus in Powelton Village. It has 25 feet of frontage and is zoned RTA1.
Key Highlights
- Six‑unit apartment building
- Approximately 3,150 square feet of improvements on a 3,000‑square‑foot lot
- Built in 1920 with three stories
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,548
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,960
$991.0K
Cap Rate 7%
$707,829
$707.8K
Cap Rate 9%
$550,533
$550.5K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$95.6K $30.36/SF
− Vacancy
−$5.5K −$1.76/SF
EGI
$90.1K $28.60/SF
− OpEx
−$40.5K −$12.87/SF
NOI
$49.5K $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%
$990,960
Cap Rate 7%
$707,829
Cap Rate 9%
$550,533
Alternative Uses
Best Use
Apartment 5plus
$707.8K
$619.4K – $825.8K
NOI $49,548 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$767.9K
$671.9K – $895.9K
NOI $53,754 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
5,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The three-story rental property has current sprinkler and fire alarm certifications.
Where is this apartment building located?
The property is located at 3606-00 Powelton Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Six‑unit apartment building; Approximately 3,150 square feet of improvements on a 3,000‑square‑foot lot; Built in 1920 with three stories
