Duplex with Finished
For Sale
$314,900
6119 Colgate Street, Philadelphia, PA 19111
Two separate residences pair front living rooms with rear bedrooms and shared basement laundry hookups.
Property Size1,350 SF
Price / SF$233.26
Days on Market21
Property Features for 6119 Colgate Street
General Information
Standard status
Active
Size
1,350 SF
Property subtype
Multi Family Home
Zoning
RSA5, W30 Res: Apt(s) 2-4 Units, 2 Sty,
Site & Location
Neighborhood
Crescentville
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,211
Amenities
laundry hookups
Building Details
Building Size
1,350 SF
Year Built
1920
Buildings
1
Units
2
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
Peter McNicholas
(215) 605-8888
Source:
Abundantregroup
Added: Oct 13
Changed: Nov 1
Last Checked: Nov 1 at 3:18PM
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.
Built in 1920, this two-unit property has a one-bedroom layout on each floor. Both residences include a front living room, kitchen, hall bathroom and bedroom at the rear. The first-floor unit also has a private stairway to a finished basement with a full bathroom; the upper unit reaches the basement through a separate front entrance. Laundry hookups serving both units are located in the rear basement, which opens to the backyard. The second-floor residence has updated carpet, recessed lighting and a renovated kitchen.
The property contains 1,350 square feet and is zoned RSA5, W30 Res: Apt(s) 2-4 Units, 2 Sty. The lease is month to month.
The property contains 1,350 square feet and is zoned RSA5, W30 Res: Apt(s) 2-4 Units, 2 Sty. The lease is month to month.
Key Highlights
- Two‑unit, 1,350‑square‑foot property built in 1920
- Each floor has a one‑bedroom layout with living room, kitchen and hall bathroom
- Finished basement includes a full bathroom and laundry hookups for both units
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
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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 - Two separate residences pair front living rooms with rear bedrooms and shared basement laundry hookups.
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‑unit, 1,350‑square‑foot property built in 1920; Each floor has a one‑bedroom layout with living room, kitchen and hall bathroom; Finished basement includes a full bathroom and laundry hookups for both units
