Leased Duplex with Finished
For Sale
$315,000
6014 OAKLAND STREET, Philadelphia, PA 19149
Fully leased duplex with two occupied 1-bedroom units and a finished basement featuring a private entrance.
Property Size1,520 SF
Days on Market71
Property Features for 6014 OAKLAND STREET
General Information
Standard status
Active
Size
1,520 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,157
Building Details
Building Size
1,520 SF
Year Built
1947
Listing Agency:
OCF Realty LLC - Philadelphia
Listed By:
Darwin Laureano · License #RS356195
(610) 973-9441
Source:
Mainlinekw
Added: Jul 1
Changed: Sep 8
Last Checked: Aug 22 at 3:53AM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
This duplex includes two occupied 1-bedroom, 1-bath units and a finished basement designed for additional living or rental use. The basement has its own private entrance and includes a half bath, laundry, and storage, with potential to be upgraded to create another rent-generating unit. The property is being sold “As Is,” and the current leases provide income through the mid-2020s.
The home offers plenty of street parking and includes a fenced yard. Public remarks note it is located in Mayfair near Roosevelt Boulevard, I-95, SEPTA, Roosevelt Mall, and Einstein Medical Center, providing convenient access to major routes and amenities.
The duplex setup is a straightforward, turnkey rental configuration with two already-leased units and an improved basement space that can be further developed once renovation is undertaken.
The home offers plenty of street parking and includes a fenced yard. Public remarks note it is located in Mayfair near Roosevelt Boulevard, I-95, SEPTA, Roosevelt Mall, and Einstein Medical Center, providing convenient access to major routes and amenities.
The duplex setup is a straightforward, turnkey rental configuration with two already-leased units and an improved basement space that can be further developed once renovation is undertaken.
Key Highlights
- Two fully occupied 1‑bed, 1‑bath units duplex with total reported rent of $2,300 per month
- Leases secured through 2026: first‑floor unit $1,300/month through Nov 2026; second‑floor unit $1,000/month through Sep 2026
- Finished basement with private entrance, half bath, laundry, and storage; owners have city approval to zone for additional potential unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,645
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$432,900
$432.9K
Cap Rate 7%
$309,214
$309.2K
Cap Rate 9%
$240,500
$240.5K
Market Conditions
NOI Build-Up for 1,520 SF
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.
Gross rent
$31.9K $21.00/SF
− Vacancy
−$999 −$0.66/SF
EGI
$30.9K $20.34/SF
− OpEx
−$9.3K −$6.10/SF
NOI
$21.6K $14.24/SF
Area
ZIP 19149
Vacancy
3.13%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$432,900
Cap Rate 7%
$309,214
Cap Rate 9%
$240,500
Alternative Uses
Best Use
Apartment 5plus
$2.91M
$2.55M – $3.40M
NOI $203,720 @ 7.0% cap · market cap 64.67%
Second Best
Multifamily LT 5
$309.2K
$270.6K – $360.8K
NOI $21,645 @ 7.0% cap · market cap 6.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
985
Businesses Nearby
Explore this area
Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
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 - Fully leased duplex with two occupied 1-bedroom units and a finished basement featuring a private entrance.
Where is this duplex located?
The property is located at 6014 OAKLAND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two fully occupied 1‑bed, 1‑bath units duplex with total reported rent of $2,300 per month; Leases secured through 2026: first‑floor unit $1,300/month through Nov 2026; second‑floor unit $1,000/month through Sep 2026; Finished basement with private entrance, half bath, laundry, and storage; owners have city approval to zone for additional potential unit
