24-Unit Multifamily
For Sale
$4,500,000
6066 E ROOSEVELT BLVD, Philadelphia, PA 19149
Philadelphia rental portfolio offering a mix of occupied, month-to-month, vacant, and value-add residential units.
Property Size1,552 SF
Price / SF$2,899
Days on Market9
Property Features for 6066 E ROOSEVELT BLVD
General Information
Standard status
Active
Size
1,552 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
24
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Kyra L. Brinson · License #13248554
(201) 774-0019
Source:
Hostetterrealty
Added: Aug 26
Changed: Aug 28
Last Checked: Sep 2 at 4:00AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 24-unit multifamily portfolio includes residential properties distributed across Philadelphia, with holdings identified in Mayfair, Oxford Circle, Frankford, Tacony, Lawncrest, and West Philadelphia. The unit mix includes performing rentals, month-to-month tenancies, and select vacant or value-add units, creating a combination of current occupancy and operational flexibility.
Many rents are reported below market, while the stabilized portfolio is projected at an estimated 8–10% cap rate. Management may remain in place to support continuity after closing. The offering can accommodate cash buyers, conventional investors, DSCR financing, private lending, and potential seller financing. Exterior drive-by showings are permitted, with interior access coordinated after an accepted offer to protect tenant privacy. The property address is 6066 E Roosevelt Blvd, Philadelphia, PA 19149.
Many rents are reported below market, while the stabilized portfolio is projected at an estimated 8–10% cap rate. Management may remain in place to support continuity after closing. The offering can accommodate cash buyers, conventional investors, DSCR financing, private lending, and potential seller financing. Exterior drive-by showings are permitted, with interior access coordinated after an accepted offer to protect tenant privacy. The property address is 6066 E Roosevelt Blvd, Philadelphia, PA 19149.
Key Highlights
- 24‑unit residential portfolio across Philadelphia
- Holdings identified in Mayfair, Oxford Circle, Frankford, Tacony, Lawncrest, and West Philadelphia
- Mix of performing rentals, month‑to‑month tenants, vacant units, and value‑add units
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
$208,009
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
4.62%
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%
$4,160,180
$4.2M
Cap Rate 7%
$2,971,557
$3.0M
Cap Rate 9%
$2,311,211
$2.3M
Market Conditions
NOI Build-Up for 1,552 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
$391.1K $252.00/SF
− Vacancy
−$12.9K −$8.32/SF
EGI
$378.2K $243.68/SF
− OpEx
−$170.2K −$109.66/SF
NOI
$208.0K $134.03/SF
Area
ZIP 19149
Vacancy
3.30%
Lease Rate
$252.00 /SF/Yr
Expense Ratio
45.00%
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%
$4,160,180
Cap Rate 7%
$2,971,557
Cap Rate 9%
$2,311,211
Alternative Uses
Best Use
Apartment 5plus
$2.97M
$2.60M – $3.47M
NOI $208,009 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
1,144
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?
Multifamily property - Philadelphia rental portfolio offering a mix of occupied, month-to-month, vacant, and value-add residential units.
Where is this multifamily property located?
The property is located at 6066 E ROOSEVELT BLVD Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 24‑unit residential portfolio across Philadelphia; Holdings identified in Mayfair, Oxford Circle, Frankford, Tacony, Lawncrest, and West Philadelphia; Mix of performing rentals, month‑to‑month tenants, vacant units, and value‑add units
