Five-Unit Multifamily
For Sale
$300,000
4923 N 6TH STREET, Philadelphia, PA 19120
Two adjoining residential properties include private off-street parking and one currently available unit.
Property Size1,350 SF
Days on Market162
Property Features for 4923 N 6TH STREET
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Duplex
Occupancy
80%
Units
Unit Mix
4 x 2BR, 1 x 1BR/1BA
Multifamily Units
5
Additional Details
Asking Price
$600,000
Taxes and HOA fees
Annual Taxes
$2,406
Building Details
Building Size
1,350 SF
Year Built
1940
Buildings
2
Listing Agency:
Genesis Real Estate Services
(215) 668-9135
Listed By:
Maria I Falu-Rodriguez · License #RM422414
(215) 668-9135
Source:
Mainlinekw
Added: Mar 4
Changed: Aug 9
Last Checked: Aug 12 at 2:29PM
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 Genesis Real Estate Services
Investment Insights
Based on property information with market context.
This multifamily offering consists of adjoining properties at 4923 and 4929 N 6th Street in Philadelphia. Together, the buildings contain 5 residential units: 4 two-bedroom apartments and 1 one-bedroom apartment. One unit is currently vacant, while the remaining apartments are occupied. A private side lot associated with 4923 N 6th Street provides parking for up to 5 cars. The properties were built in 1940 and are offered together as a residential income portfolio.
Key Highlights
- Two‑property multifamily offering at 4923 and 4929 N 6th Street
- 5 residential units consisting of 4 two‑bedrooms and 1 one‑bedroom
- One unit is currently vacant for lease‑up or owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,625
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,500
$292.5K
Cap Rate 7%
$208,929
$208.9K
Cap Rate 9%
$162,500
$162.5K
Market Conditions
NOI Build-Up for 1,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.5K $16.68/SF
− Vacancy
−$1.6K −$1.20/SF
EGI
$20.9K $15.48/SF
− OpEx
−$6.3K −$4.64/SF
NOI
$14.6K $10.83/SF
Area
ZIP 19120
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,500
Cap Rate 7%
$208,929
Cap Rate 9%
$162,500
Alternative Uses
Best Use
Multifamily LT 5
$208.9K
$182.8K – $243.8K
NOI $14,625 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,008 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$322.5K
$282.2K – $376.2K
NOI $22,574 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,574
Businesses Nearby
Explore this area
Business Placement
Demographics for 19120, PA
66,177
Population
25,730
Households
2.6
Avg Household Size
35
Median Age
13%
College-Educated
77%
High-School Grad
3.2 sq mi
ZIP Area
20,680
Density / Sq Mi
$51,993
Median Household Income
$32,980
Median Earnings
$1,186
Median Rent
$143,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two adjoining residential properties include private off-street parking and one currently available unit.
Where is this multifamily property located?
The property is located at 4923 N 6TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑property multifamily offering at 4923 and 4929 N 6th Street; 5 residential units consisting of 4 two‑bedrooms and 1 one‑bedroom; One unit is currently vacant for lease‑up or owner occupancy
