Renovated Two-Unit
For Sale
$261,500
6013 Spruce St, Philadelphia, PA 19139
Two occupied units provide an established residential rental configuration with updated major systems.
Property Size1,416 SF
Price / SF$184.68
Days on Market59
Property Features for 6013 Spruce St
General Information
Standard status
Active
Size
1,416 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1925
Year Renovated
2016
Listing Agency:
Silver and Oak Realty
Listed By:
Sascha Alexander Edelkraut
(267) 399-8043
Source:
Bethsamberg
Added: Aug 25
Changed: Oct 8
Last Checked: Oct 7 at 5:20PM
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
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Investment Insights
Based on property information with market context.
This 1,416-square-foot duplex, built in 1925, was renovated in 2016 and contains two separate residential units. The first unit includes one bedroom, one bathroom, a kitchen, and a living room. The second offers two bedrooms, one bathroom, and a kitchen. Both units are occupied by long-term tenants.
Major electrical, plumbing, and HVAC systems were updated during the 2016 renovation. Located at 6013 Spruce St in Philadelphia, Pennsylvania, the property presents a two-unit residential income configuration with distinct layouts and established occupancy.
Major electrical, plumbing, and HVAC systems were updated during the 2016 renovation. Located at 6013 Spruce St in Philadelphia, Pennsylvania, the property presents a two-unit residential income configuration with distinct layouts and established occupancy.
Key Highlights
- Two‑unit duplex with 1,416 square feet
- Unit 1: 1 bed, 1 bath, kitchen, and living room
- Unit 2: 2 beds, 1 bath, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,273
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,460
$445.5K
Cap Rate 7%
$318,186
$318.2K
Cap Rate 9%
$247,478
$247.5K
Market Conditions
NOI Build-Up for 1,416 SF
Gross rent
$43.0K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.5K $28.60/SF
− OpEx
−$18.2K −$12.87/SF
NOI
$22.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,460
Cap Rate 7%
$318,186
Cap Rate 9%
$247,478
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,747
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units provide an established residential rental configuration with updated major systems.
Where is this duplex located?
The property is located at 6013 Spruce St 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: Two‑unit duplex with 1,416 square feet; Unit 1: 1 bed, 1 bath, kitchen, and living room; Unit 2: 2 beds, 1 bath, and kitchen
