Duplex with Finished
For Sale
$314,900
6119 COLGATE STREET, Philadelphia, PA 19111
The upper apartment has updated finishes, and basement space includes a full bathroom and laundry hookups for both residences.
Property Size1,350 SF
Days on Market12
Property Features for 6119 COLGATE STREET
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Duplex
Site & Location
Neighborhood
Crescentville
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,211
Amenities
laundry hookups
Building Details
Building Size
1,350 SF
Year Built
1920
Listing Agency:
Homestarr Realty
Listed By:
Peter McNicholas · License #AB067285
(215) 605-8888
Source:
Lizclarkrealestate
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 23 at 12:59PM
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.
This 1,350-square-foot duplex contains two one-bedroom apartments, each arranged with a front living room, kitchen, hall bathroom, and rear bedroom. The first-floor residence connects by private stairs to a finished basement with a full bathroom. The second-floor apartment was recently updated with new carpeting, recessed lighting, and a new kitchen; its basement access is through a front exterior door.
Laundry hookups serving both apartments are located in the rear basement, which also has an exit to the backyard. Built in 1920, the property has a practical two-unit layout with separate living spaces and shared basement amenities.
Laundry hookups serving both apartments are located in the rear basement, which also has an exit to the backyard. Built in 1920, the property has a practical two-unit layout with separate living spaces and shared basement amenities.
Key Highlights
- Two one‑bedroom apartments, each with a living room, kitchen, hall bathroom, and rear bedroom
- 1,350 square feet; built in 1920
- Second‑floor apartment updated with new carpeting, recessed lighting, and a new kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,125
Cap Rate
5.76%
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 5.76%
Second Best
Apartment 5plus
$238.8K
$208.9K – $278.6K
NOI $16,715 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$409.3K
$358.1K – $477.5K
NOI $28,651 @ 7.0% cap · market cap 9.10%
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
Explore this area
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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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?
Duplex - The upper apartment has updated finishes, and basement space includes a full bathroom and laundry hookups for both residences.
Where is this duplex located?
The property is located at 6119 COLGATE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $314,900.
What are key features of this property?
This property features: Two one‑bedroom apartments, each with a living room, kitchen, hall bathroom, and rear bedroom; 1,350 square feet; built in 1920; Second‑floor apartment updated with new carpeting, recessed lighting, and a new kitchen
