Updated Duplex with
For Sale
$275,000
6015 CATHARINE ST, Philadelphia, PA 19143
Two residential units offer separate heating and hot water systems, with central air serving one unit.
Property Size2,208 SF
Price / SF$124.55
Days on Market58
Property Features for 6015 CATHARINE ST
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Nicholas Joseph Ochs · License #RS330555
(215) 779-1137
Source:
Sandrasellstheshore
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 20 at 8:30PM
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 KW Empower
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Investment Insights
Based on property information with market context.
This Philadelphia duplex, built in 1920, contains two residential units: one with 2 bedrooms and 1 full bathroom, and another with 3 bedrooms and 1 full bathroom. The property includes a full-height basement with potential for conversion into a third unit. Separate new heating systems and independent new hot water tanks serve the two floors, while the building’s electrical system has been updated. One unit also has central air conditioning.
Located at 6015 Catharine Street in Philadelphia’s 19143 ZIP code, the property is identified in the source information as being in West Philadelphia, with access to University City, local transit, and downtown Philadelphia. The layout supports both owner-occupancy and rental use, subject to applicable approvals for any basement conversion.
Located at 6015 Catharine Street in Philadelphia’s 19143 ZIP code, the property is identified in the source information as being in West Philadelphia, with access to University City, local transit, and downtown Philadelphia. The layout supports both owner-occupancy and rental use, subject to applicable approvals for any basement conversion.
Key Highlights
- Two‑unit layout with 2‑bedroom and 3‑bedroom residences
- Full‑height basement with potential for third‑unit conversion
- Separate new heating systems for both floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,919
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,380
$478.4K
Cap Rate 7%
$341,700
$341.7K
Cap Rate 9%
$265,767
$265.8K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$36.8K $16.68/SF
− Vacancy
−$2.7K −$1.20/SF
EGI
$34.2K $15.48/SF
− OpEx
−$10.3K −$4.64/SF
NOI
$23.9K $10.83/SF
Area
ZIP 19143
Vacancy
7.22%
Lease Rate
$16.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,380
Cap Rate 7%
$341,700
Cap Rate 9%
$265,767
Alternative Uses
Best Use
Multifamily LT 5
$341.7K
$299.0K – $398.7K
NOI $23,919 @ 7.0% cap · market cap 8.70%
Second Best
Apartment 5plus
$303.9K
$265.9K – $354.6K
NOI $21,275 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$756.8K
$662.2K – $882.9K
NOI $52,975 @ 7.0% cap · market cap 19.26%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
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Business Placement
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate heating and hot water systems, with central air serving one unit.
Where is this duplex located?
The property is located at 6015 CATHARINE ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit layout with 2‑bedroom and 3‑bedroom residences; Full‑height basement with potential for third‑unit conversion; Separate new heating systems for both floors
