Residential Income Property with
For Sale
$149,900
Pending
6100 HENRY AVENUE Unit 2D, Philadelphia, PA 19128
Tenant occupancy extends through 10/31/2026, with accessibility features and building-provided utilities included in the condo fee.
Property Size769 SF
Days on Market30
Property Features for 6100 HENRY AVENUE Unit 2D
General Information
Standard status
Pending
Size
769 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,779
Amenities
handicapped accessible
secure parking lot
overflow parking
loading/unloading area
well trained staff
Building Details
Building Size
769 SF
Year Built
1960
Tenancy
Single
Listing Agency:
Kershaw Real Estate
(267) 581-4266
Listed By:
Robert Enslin III · License #RS-192184-L
(267) 581-4266
Source:
Lizclarkrealestate
Added: Aug 3
Changed: Aug 21
Last Checked: Aug 20 at 12:02PM
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 Kershaw Real Estate
Investment Insights
Based on property information with market context.
Unit 2D is a condominium within Dupont Towers, offering an accessible layout and a bathroom updated about 1-1/2 years ago. The building has newer elevators, a secure parking lot, overflow parking across the street, and a designated loading and unloading area.
The condo fee covers gas, electric, water, central air conditioning, heat, basic cable, secure parking, common-area maintenance, exterior upkeep, grounds care, and snow removal. The property is tenant occupied through 10/31/2026. Bus service, regional rail, Fairmount Park, Manayunk, grocery stores, and major area roadways are nearby.
The condo fee covers gas, electric, water, central air conditioning, heat, basic cable, secure parking, common-area maintenance, exterior upkeep, grounds care, and snow removal. The property is tenant occupied through 10/31/2026. Bus service, regional rail, Fairmount Park, Manayunk, grocery stores, and major area roadways are nearby.
Key Highlights
- Tenant occupied through 10/31/2026
- Condo fee includes gas, electric, water, central air conditioning, heat, and basic cable
- Accessible condominium with bathroom updated about 1‑1/2 years ago
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
$12,096
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
8.07%
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%
$241,920
$241.9K
Cap Rate 7%
$172,800
$172.8K
Cap Rate 9%
$134,400
$134.4K
Market Conditions
NOI Build-Up for 769 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
$23.3K $30.36/SF
− Vacancy
−$1.4K −$1.76/SF
EGI
$22.0K $28.60/SF
− OpEx
−$9.9K −$12.87/SF
NOI
$12.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /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%
$241,920
Cap Rate 7%
$172,800
Cap Rate 9%
$134,400
Alternative Uses
Best Use
Apartment 5plus
$172.8K
$151.2K – $201.6K
NOI $12,096 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$187.5K
$164.0K – $218.7K
NOI $13,123 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 19128, PA
36,808
Population
19,006
Households
1.9
Avg Household Size
36
Median Age
55%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
5,258
Density / Sq Mi
$89,639
Median Household Income
$64,861
Median Earnings
$1,563
Median Rent
$330,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Tenant occupancy extends through 10/31/2026, with accessibility features and building-provided utilities included in the condo fee.
Where is this residential income property located?
The property is located at 6100 HENRY AVENUE Unit 2D Philadelphia, PA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Tenant occupied through 10/31/2026; Condo fee includes gas, electric, water, central air conditioning, heat, and basic cable; Accessible condominium with bathroom updated about 1‑1/2 years ago
