Philadelphia Multi-Unit Investment
For Sale
$300,000
4923 N 6TH Street, Philadelphia, PA 19120
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,350 SF
Lot Size0.11 Acres
Price / SF$222.22
Days on Market150
Property Features for 4923 N 6TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
5
Parking features
Parking Lot
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
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
Listed By:
Maria I Falu-Rodriguez · License #RM422414
(215) 668-9135
Added: Mar 4
Changed: Jul 13
Last Checked: Aug 1 at 4:06AM
MLS# PAPH2587920
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.
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
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?
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.
