Corner Lot Legal
6160 Charles Street Philadelphia, PA 19135
For Sale
$375,000
Legal, fully rented triplex with three private washer/dryer units and major capital upgrades completed between 2021 and 2026.
Property Size1,744 SF
Price / SF$215.02
Days on Market31
Property Features for 6160 Charles Street
General Information
- Standard status
- Active
- Size
- 1,744 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1945
Listing Agency:
Keller Williams Real Estate - Newtown
(215) 669-4347
Listed By:
Emilio john DiCicco · License #RS358289
(215) 669-4347
Source:
Compass
Added: Jun 24
Changed: Jul 21
Last Checked: Jul 23 at 7:17AM
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 Keller Williams Real Estate - Newtown
Investment Insights
Based on property information with market context.
This well-maintained legal triplex at 6160 Charles Street presents three separate, fully rented units. Each unit includes its own private washer and dryer. The property has undergone major capital improvements, including three hot water heaters replaced in 2021, 2024, and 2026, and a new flat roof installed in 2021. Updates also include replacement windows and additional window repairs, along with updated second-floor and ground-floor units. Current leases expire on March 1, 2027.
The home is situated on a desirable corner lot and described as an end-of-row property, offering an oversized front yard setback and an additional side yard with mature evergreen landscaping.
With the property fully occupied and pride of ownership evident throughout the 22 years of ownership noted by the seller, it is positioned as an income-producing rental asset with lease timing that provides flexibility for the next owner.
The home is situated on a desirable corner lot and described as an end-of-row property, offering an oversized front yard setback and an additional side yard with mature evergreen landscaping.
With the property fully occupied and pride of ownership evident throughout the 22 years of ownership noted by the seller, it is positioned as an income-producing rental asset with lease timing that provides flexibility for the next owner.
Key Highlights
- Legal triplex in Philadelphia (Year built: 1945) with 3 fully rented units
- Each unit has its own private washer and dryer
- Hot water heaters replaced in 2021, 2024, and 2026
Financial Insights For Multifamily LT 5
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 | $45.0k | $25.80 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $42.5k | $24.38 |
| − OpEx | −$12.8k | −$7.31 |
| NOI | $29.8k | $17.06 |
1,744 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.2K
$372.0K – $496.0K
NOI $29,761 @ 7.0% cap · market cap 7.94%
Second Best
Apartment 5plus
$391.9K
$342.9K – $457.2K
NOI $27,432 @ 7.0% cap · market cap 7.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Legal, fully rented triplex with three private washer/dryer units and major capital upgrades completed between 2021 and 2026.
Where is this triplex located?
The property is located at 6160 Charles Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Legal triplex in Philadelphia (Year built: 1945) with 3 fully rented units; Each unit has its own private washer and dryer; Hot water heaters replaced in 2021, 2024, and 2026
