Philadelphia Multi-Unit Investment
4923 N 6TH Street Philadelphia, PA 19120
4923 N 6TH Street, Philadelphia, PA, 19120
$300,000
For Sale
$300,000
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,350 SF
Lot Size0.11 Acres
Price / SF$222.22
Days on Market134
Property Features for 4923 N 6TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 5
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 1,350 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2406
Utilities
- Heating system
- Baseboard, Electric (Heating)
Building Details
- Year built
- 1940
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing Agency
Genesis Real Estate Services
(215) 226-6200
2837 N 5th Street, Philadelphia, PA
Listed by
Maria I Falu-Rodriguez · License #RM422414
(215) 668-9135
Added: Mar 4 Checked: Jul 16 at 7:06 pm
MLS# PAPH2587920
Listing URL
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.
Investment Insights
Based on property information with market context.
Located in Philadelphia, the properties at 4923 and 4929 N 6th Street offer a unique investment opportunity. These side-by-side properties include a total of five residential units: four two-bedroom units and one one-bedroom unit. The property at 4923 N 6th Street has two units, each with two bedrooms. The first-floor unit rents for $1,200 per month, and the second-floor unit rents for $1,300 per month. This property also features a side lot that can accommodate up to five cars. The property at 4929 N 6th Street contains two two-bedroom units and one one-bedroom, one-bathroom unit. The first-floor unit rents for $1,500 per month, and the second-floor unit rents for $1,200 per month. The third-floor unit is currently available and has a potential rental income of $1,000 per month. With one vacant unit, there is flexibility for a new owner to move in or select a tenant. The properties, situated on a 0.1116-acre lot, offer versatility and income potential. The total property size is 1350 square feet. This presents an opportunity for owner-occupants, multi-generational living, or rental income.
Key Highlights
- 5 residential units, featuring 4 two‑bedroom and 1 one‑bedroom, offer significant income potential.
- Rare private side lot at 4923 N 6th fits up to 5 cars, providing valuable off‑street parking.
- Opportunity to purchase two side‑by‑side properties as a package for $600,000.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.6k | $18.96 |
| − Vacancy | −$1.9k | −$1.44 |
| EGI | $23.7k | $17.52 |
| − OpEx | −$10.6k | −$7.88 |
| NOI | $13.0k | $9.64 |
1,350 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,008 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two properties with five units and parking in Philadelphia.
Where is this apartment building 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: 5 residential units, featuring 4 two‑bedroom and 1 one‑bedroom, offer significant income potential.; Rare private side lot at 4923 N 6th fits up to 5 cars, providing valuable off‑street parking.; Opportunity to purchase two side‑by‑side properties as a package for $600,000.
