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 Market56
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:
Towncentermd
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 19 at 6:31AM
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
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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 / Yr
$208,009
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
