Fully Occupied 6-Unit Apartment
610 S AMERICAN STREET Philadelphia, PA 19147
For Sale
$1,525,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size6,000 SF
Price / SF$254.17
Days on Market504
Property Features for 610 S AMERICAN STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 6,000 SF
Building Details
- Year built
- 1950
Listing Agency:
BHHS Fox & Roach Center City-Society Hill
(215) 627-6005
Listed By:
Patrick Conway · License #RS217990L
(215) 266-1537
Added: Mar 7, 2025
Changed: Jul 23
Last Checked: Jul 24 at 9:06PM
MLS# PAPH2452066
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 fully occupied 6-unit apartment building offers two 1-bedroom, 1-bath apartments and four 2-bedroom, 1-bath units. Each apartment features an open floor plan, eat-in kitchens, large windows, and in-unit laundry with a washer and dryer, along with central air. The building is described as well maintained and includes two separate stairwells, a rear shared community yard, and an expanded finished lower level.
The lower level provides additional flexible space, including a powder room, separate mechanical room, large storage room, and another separate bonus room. The property is zoned RMI and sits on a lot measuring 27x100, with over 6,000 square feet.
The current configuration supports continued income producing use as an apartment building, with the added noted flexibility for other end uses referenced in the remarks.
The lower level provides additional flexible space, including a powder room, separate mechanical room, large storage room, and another separate bonus room. The property is zoned RMI and sits on a lot measuring 27x100, with over 6,000 square feet.
The current configuration supports continued income producing use as an apartment building, with the added noted flexibility for other end uses referenced in the remarks.
Key Highlights
- Fully occupied 6‑unit apartment building built in 1950 on a 27x100 lot with over 6,000 sq. ft.
- Unit mix: two 1 bed, 1 bath and four 2 bed, 1 bath apartments.
- Each unit features an open floor plan, eat‑in kitchens, washer + dryer, and central air.
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 | $182.2k | $30.36 |
| − Vacancy | −$10.6k | −$1.76 |
| EGI | $171.6k | $28.60 |
| − OpEx | −$77.2k | −$12.87 |
| NOI | $94.4k | $15.73 |
6,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,377 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.46M
$1.28M – $1.71M
NOI $102,389 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mortgage Line Financial
Loan Service
FAQs
What type of property is this?
Apartment building - Fully occupied 6-unit apartment building with central air, in-unit washer and dryer, and a finished lower level with extra flexible space.
Where is this apartment building located?
The property is located at 610 S AMERICAN STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,525,000.
What are key features of this property?
This property features: Fully occupied 6‑unit apartment building built in 1950 on a 27x100 lot with over 6,000 sq. ft.; Unit mix: two 1 bed, 1 bath and four 2 bed, 1 bath apartments.; Each unit features an open floor plan, eat‑in kitchens, washer + dryer, and central air.
