Two-Unit
For Sale
$250,000
6024 CATHARINE STREET, Philadelphia, PA 19143
Two self-contained residences offer matching layouts with private living space and full bathrooms.
Property Size2,145 SF
Days on Market40
Property Features for 6024 CATHARINE STREET
General Information
Standard status
Active
Size
2,145 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,629
Building Details
Building Size
2,145 SF
Year Built
1920
Buildings
1
Listing Agency:
TCS Management, LLC
(267) 210-3080
Listed By:
Moshe Adika · License #AB069795
(267) 210-3080
Source:
Patmckennarealtors
Added: Jun 26
Changed: Aug 4
Last Checked: Aug 4 at 4:57AM
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 TCS Management, LLC
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two separate residential units under one roof. Each unit includes two bedrooms and one full bathroom, creating a consistent layout across the property. The arrangement provides distinct living areas within a single multifamily asset.
The property is located at 6024 Catharine Street in Philadelphia, Pennsylvania, 19143. Its two-unit configuration and matching bedroom and bathroom counts offer a straightforward physical setup for residential occupancy.
The property is located at 6024 Catharine Street in Philadelphia, Pennsylvania, 19143. Its two-unit configuration and matching bedroom and bathroom counts offer a straightforward physical setup for residential occupancy.
Key Highlights
- Two separate residential units in one duplex
- Each unit includes 2 bedrooms and 1 full bathroom
- Built in 1920
Financial Insights For Apartment 5plus
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 | $40.7k | $18.96 |
| − Vacancy | −$3.1k | −$1.44 |
| EGI | $37.6k | $17.52 |
| − OpEx | −$16.9k | −$7.88 |
| NOI | $20.7k | $9.64 |
2,145 SF · lease $18.96/SF/yr · vacancy 7.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$332.0K
$290.5K – $387.3K
NOI $23,237 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$295.3K
$258.4K – $344.5K
NOI $20,668 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$735.2K
$643.3K – $857.7K
NOI $51,464 @ 7.0% cap · market cap 20.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
926
Businesses Nearby
Explore this area
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
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 - Two self-contained residences offer matching layouts with private living space and full bathrooms.
Where is this duplex located?
The property is located at 6024 CATHARINE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two separate residential units in one duplex; Each unit includes 2 bedrooms and 1 full bathroom; Built in 1920
