Mayfair Duplex: Turnkey Investment
For Sale
$315,000
6014 OAKLAND Street, Philadelphia, PA 19149
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,520 SF
Lot Size0.05 Acres
Price / SF$207.24
Days on Market198
Property Features for 6014 OAKLAND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
1,520 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4157
Utilities
Heating system
Forced Air
Building Details
Year built
1947
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
OCF Realty LLC - Philadelphia
(215) 735-7368
Listed By:
Darwin Laureano · License #RS356195
(610) 973-9441
Added: Jan 16
Changed: Jul 9
Last Checked: Aug 2 at 9:06AM
MLS# PAPH2570214
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 Mayfair, Philadelphia, this fully leased duplex at 6014 Oakland Street is a cash-flowing property. The property features two well-maintained 1-bedroom, 1-bathroom units, both currently occupied. The first-floor unit generates $1,300 per month through November 2026, while the second-floor unit brings in $1,000 per month through September 2026. The finished basement has a private entrance, half bath, laundry, and storage, with potential for a third unit. The owners have city approval to zone the basement. The property includes a fenced backyard and street parking. Situated in Northeast Philly, the location provides access to Roosevelt Boulevard, I-95, SEPTA, Roosevelt Mall, and Einstein Medical Center. The property size is 1520 square feet, situated on a 0.0539-acre lot.
Key Highlights
- Fully leased duplex generating $2,300/month from day one.
- Leases secured through 2026 providing immediate, reliable income.
- Finished basement with private entrance, half bath, laundry, and storage, offering potential for a third unit.
Financial Insights For Multifamily LT 5
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 | $31.9k | $21.00 |
| − Vacancy | −$999 | −$0.66 |
| EGI | $30.9k | $20.34 |
| − OpEx | −$9.3k | −$6.10 |
| NOI | $21.6k | $14.24 |
1,520 SF · lease $21.00/SF/yr · vacancy 3.13% · expense 30.00%
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
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,133
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 in Northeast Philly, generating immediate, reliable income.
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: Fully leased duplex generating $2,300/month from day one.; Leases secured through 2026 providing immediate, reliable income.; Finished basement with private entrance, half bath, laundry, and storage, offering potential for a third unit.
