Remodeled Religious Facility with Event
For Sale
$999,999
4931 N 6TH STREET, Philadelphia, PA 19120
Updated worship, gathering, and residential areas are arranged across separately metered zones with private entrances.
Property Size8,680 SF
Days on Market49
Property Features for 4931 N 6TH STREET
General Information
Standard status
Active
Size
8,680 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Northwest Philadelphia
Taxes and HOA fees
Annual Taxes
$7,897
Building Details
Building Size
8,680 SF
Year Built
1927
Listing Agency:
United Real Estate Group
Listed By:
Alexis Trujillo-Ortiz · License #RM423829
(215) 941-8484
Source:
Mainlinekw
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 1 at 2:14PM
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 United Real Estate Group
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Investment Insights
Based on property information with market context.
This 8,680-square-foot religious facility combines a 5,680-square-foot sanctuary and reception area with four classrooms, ceramic-tiled restrooms, recessed lighting, large windows, and upgraded electrical service. The property also includes a 1,900-square-foot upper-level event hall and 1,100-square-foot apartment with central air, laundry, two full bathrooms, and an updated kitchen. The apartment’s interior can support either three bedrooms with an expanded living area or restoration to four bedrooms, based on its current configuration and prior modification.
Three independently metered zones provide separate access through three private entrances. Building systems include 3 exterior electric meters, 5 electrical panels, 4 heating systems, and 3 water heaters. An operational fire sprinkler system and commercial fire alarm system serve the building. Built in 1927, the property is located at 4931 N 6TH STREET in Philadelphia, Pennsylvania 19120.
Three independently metered zones provide separate access through three private entrances. Building systems include 3 exterior electric meters, 5 electrical panels, 4 heating systems, and 3 water heaters. An operational fire sprinkler system and commercial fire alarm system serve the building. Built in 1927, the property is located at 4931 N 6TH STREET in Philadelphia, Pennsylvania 19120.
Key Highlights
- 8,680‑square‑foot religious facility with sanctuary, classrooms, event hall, and apartment
- 5,680‑square‑foot main sanctuary with four classrooms and ceramic‑tiled restrooms
- 1,900‑square‑foot upper‑level banquet and event hall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,636
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,672,720
$1.7M
Cap Rate 7%
$1,194,800
$1.2M
Cap Rate 9%
$929,289
$929.3K
Market Conditions
NOI Build-Up for 8,680 SF
Gross rent
$164.6K $18.96/SF
− Vacancy
−$12.5K −$1.44/SF
EGI
$152.1K $17.52/SF
− OpEx
−$68.4K −$7.88/SF
NOI
$83.6K $9.64/SF
Area
ZIP 19120
Vacancy
7.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,672,720
Cap Rate 7%
$1,194,800
Cap Rate 9%
$929,289
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.05M – $1.39M
NOI $83,636 @ 7.0% cap · market cap 8.36%
Second Best
Mixed Use
$1.06M
$930.9K – $1.24M
NOI $74,474 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$2.07M
$1.81M – $2.42M
NOI $145,142 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,574
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Updated worship, gathering, and residential areas are arranged across separately metered zones with private entrances.
Where is this church & religious facility located?
The property is located at 4931 N 6TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 8,680‑square‑foot religious facility with sanctuary, classrooms, event hall, and apartment; 5,680‑square‑foot main sanctuary with four classrooms and ceramic‑tiled restrooms; 1,900‑square‑foot upper‑level banquet and event hall
