Leased Duplex with Finished
6014 Oakland Street Philadelphia, PA 19149
For Sale
$315,000
Fully leased duplex with two occupied 1-bedroom units and a finished basement featuring a private entrance.
Property Size1,520 SF
Price / SF$207.24
Days on Market198
Property Features for 6014 Oakland Street
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1947
Listing Agency:
Atlantic Shores Sotheby's International Realty
(856) 222-0077
Listed By:
Ryan LeBon
Source:
Thetristaterealestategroup
Added: Jan 6
Changed: Jul 22
Last Checked: Jul 23 at 3:33AM
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 Atlantic Shores Sotheby's International Realty
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 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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
