Two-Unit Duplex with Finished
For Sale
$299,900
6117 Colgate St, Philadelphia, PA 19111
Separate upper and lower residences include distinct kitchen, bath, laundry, and storage areas.
Property Size1,350 SF
Price / SF$222.15
Days on Market12
Property Features for 6117 Colgate St
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
laundry
storage
air conditioning
private entrance
Building Details
Year Built
1920
Listing Agency:
Homestarr Realty
Listed By:
Peter McNicholas · License #AB067285
(215) 605-8888
Source:
Baltimoreharfordhomesforsale
Added: Oct 11
Changed: Oct 16
Last Checked: Oct 20 at 9:58PM
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 Homestarr Realty
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Investment Insights
Based on property information with market context.
Configured as two residences, this 1,350-square-foot duplex was built in 1920. The first-floor unit extends into a finished basement with a full bathroom and its own entrance. Laundry and storage occupy the rear basement area.
The second-floor layout places the living room at the front, with a newer kitchen, hall bathroom, and bedroom toward the rear. Two wall-mounted air conditioners serve this unit. The first-floor residence rents month to month for $925 per month, while the second-floor unit is leased for $1,200 per month through August 31, 2027.
The second-floor layout places the living room at the front, with a newer kitchen, hall bathroom, and bedroom toward the rear. Two wall-mounted air conditioners serve this unit. The first-floor residence rents month to month for $925 per month, while the second-floor unit is leased for $1,200 per month through August 31, 2027.
Key Highlights
- Two‑unit duplex with 1,350 square feet, built in 1920
- First‑floor unit includes finished basement space with a full bathroom and private entrance
- Basement has rear laundry and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,125
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,500
$362.5K
Cap Rate 7%
$258,929
$258.9K
Cap Rate 9%
$201,389
$201.4K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$26.7K $19.80/SF
− Vacancy
−$837 −$0.62/SF
EGI
$25.9K $19.18/SF
− OpEx
−$7.8K −$5.75/SF
NOI
$18.1K $13.43/SF
Area
ZIP 19111
Vacancy
3.13%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,500
Cap Rate 7%
$258,929
Cap Rate 9%
$201,389
Alternative Uses
Best Use
Multifamily LT 5
$258.9K
$226.6K – $302.1K
NOI $18,125 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$238.8K
$208.9K – $278.6K
NOI $16,715 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$409.3K
$358.1K – $477.5K
NOI $28,651 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
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Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower residences include distinct kitchen, bath, laundry, and storage areas.
Where is this duplex located?
The property is located at 6117 Colgate St Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,350 square feet, built in 1920; First‑floor unit includes finished basement space with a full bathroom and private entrance; Basement has rear laundry and storage
