Philadelphia Multifamily Investment
For Sale
$4,500,000
6066 E ROOSEVELT Boulevard, Philadelphia, PA 19149
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size1,552 SF
Lot Size0.69 Acres
Price / SF$2,899
Days on Market262
Property Features for 6066 E ROOSEVELT Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
30
Parking features
Garage - Detached, Garage - Attached, On Street, Driveway, Offsite
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,552 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Annual Amount
60712
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air, Ceiling Fan(s), Window Unit(s), Multi Units
Building Details
Year built
1940
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Kyra L. Brinson · License #RS332546
(201) 774-0019
Added: Nov 13, 2025
Changed: Jul 13
Last Checked: Aug 2 at 11:06AM
MLS# PAPH2559042
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering presents an opportunity to acquire a 24-unit residential portfolio located throughout the Northeast Philadelphia corridor. The portfolio spans several of the city's rental submarkets, including Mayfair, Oxford Circle, Frankford, Tacony, Lawncrest and West Philadelphia. These areas are known for long-term tenant stability, consistent rent demand, strong appreciation trends, and low vacancy rates. The unit mix includes performing rentals, month-to-month tenants, and select vacant or value-add units, providing immediate income along with potential upside through turnover, rent increases, and light repositioning. Current rents across many properties remain below market due to long-term tenancy, creating room for rent growth once units are brought to market levels or re-leased. The stabilized portfolio projects an estimated 8-10% cap rate, with additional built-in equity available at acquisition. The property has 1552 square feet of space and sits on a 0.69-acre lot. Management can remain in place for a seamless transition if desired. This offering is suitable for cash buyers, conventional investors, DSCR financing, private lending, and potential seller financing. Exterior drive-by showings are allowed; interior access will be coordinated after an accepted offer to respect tenant privacy. This is an opportunity to secure cash flow, appreciation, and scalable management efficiency across one of Philadelphia's resilient and high-demand rental markets.
Key Highlights
- 24‑unit residential portfolio across the Northeast Philadelphia corridor with flexibility to buy the full package or select neighborhood blocks
- Unit mix includes performing rentals, month‑to‑month tenants, and select vacant or value‑add units
- Estimated stabilized portfolio cap rate of 8–10%
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 | $391.1k | $252.00 |
| − Vacancy | −$12.9k | −$8.32 |
| EGI | $378.2k | $243.68 |
| − OpEx | −$170.2k | −$109.66 |
| NOI | $208.0k | $134.03 |
1,552 SF · lease $252.00/SF/yr · vacancy 3.30% · expense 45.00%
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
Multi-tenant
Tenancy
Turnkey business
Opportunity
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?
Apartment building - 24-unit residential portfolio in Northeast Philadelphia with value-add potential.
Where is this apartment building located?
The property is located at 6066 E ROOSEVELT Boulevard 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 the Northeast Philadelphia corridor with flexibility to buy the full package or select neighborhood blocks; Unit mix includes performing rentals, month‑to‑month tenants, and select vacant or value‑add units; Estimated stabilized portfolio cap rate of 8–10%
