Renovated Duplex with Two Rental
For Sale
$261,500
6013 Spruce Street, Philadelphia, PA 19139
Turn-key 2016-renovated duplex offering two occupied units with updated electric, plumbing, and HVAC systems.
Property Size1,416 SF
Price / SF$184.68
Days on Market66
Property Features for 6013 Spruce Street
General Information
Standard status
Active
Size
1,416 SF
Property subtype
Multi-Family / Fee Simple
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1925
Year Renovated
2016
Tenancy
Multi
Listing Agency:
Silver and Oak Realty
(267) 399-8043
Listed By:
Sascha Alexander Edelkraut
(267) 399-8043
Source:
Compass
Added: May 27
Changed: Jul 10
Last Checked: Jul 31 at 12:25PM
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 Silver and Oak Realty
Investment Insights
Based on property information with market context.
This 2016-renovated duplex is configured as two separate rental units, each with its own kitchen and living spaces. Unit 1 includes one bedroom and one bathroom. Unit 2 includes two bedrooms and one bathroom. The property is described as turn-key, with major systems fully updated in 2016, including electric, plumbing, and HVAC.
The duplex is located in West Philadelphia in Philadelphia County, within the Philadelphia City School District. Both units are currently occupied by long-term, paying tenants, with the listing reporting a current monthly rent of $990 per unit.
For buyers seeking an owner-occupant arrangement or an investor-focused purchase, this layout supports the common live-in-and-rent-out option, since one unit can be occupied while the other remains rented. The updated systems and existing tenant occupancy are practical considerations for an operator looking for a straightforward transition into ownership.
The duplex is located in West Philadelphia in Philadelphia County, within the Philadelphia City School District. Both units are currently occupied by long-term, paying tenants, with the listing reporting a current monthly rent of $990 per unit.
For buyers seeking an owner-occupant arrangement or an investor-focused purchase, this layout supports the common live-in-and-rent-out option, since one unit can be occupied while the other remains rented. The updated systems and existing tenant occupancy are practical considerations for an operator looking for a straightforward transition into ownership.
Key Highlights
- 2016‑renovated duplex in West Philadelphia with two occupied units
- Unit 1: 1 bed, 1 bath, kitchen and living room
- Unit 2: 2 beds, 1 bath, kitchen and living room
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 | $43.0k | $30.36 |
| − Vacancy | −$2.5k | −$1.76 |
| EGI | $40.5k | $28.60 |
| − OpEx | −$18.2k | −$12.87 |
| NOI | $22.3k | $15.73 |
1,416 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.2K
$302.1K – $402.7K
NOI $24,164 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$318.2K
$278.4K – $371.2K
NOI $22,273 @ 7.0% cap · market cap 8.52%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,477
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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?
Duplex - Turn-key 2016-renovated duplex offering two occupied units with updated electric, plumbing, and HVAC systems.
Where is this duplex located?
The property is located at 6013 Spruce Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $261,500.
What are key features of this property?
This property features: 2016‑renovated duplex in West Philadelphia with two occupied units; Unit 1: 1 bed, 1 bath, kitchen and living room; Unit 2: 2 beds, 1 bath, kitchen and living room
