Six-Unit Apartment
For Sale
$575,000
6220 Vine St, Philadelphia, PA 19139
Well-maintained six-unit property featuring six one-bedroom, one-bath apartments with five leases on guaranteed rent.
Property Size2,685 SF
Price / SF$214.15
Days on Market141
Property Features for 6220 Vine St
General Information
Standard status
Active
Size
2,685 SF
Site & Location
Neighborhood
West Philadelphia
Building Details
Year Built
1929
Listing Agency:
Realty ONE Group Focus
Listed By:
Anthony A Lee · License #RS322285
(267) 475-1018
Source:
Upgradebymichaud
Added: Jun 19
Changed: Oct 26
Last Checked: Nov 4 at 5:57PM
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 Realty ONE Group Focus
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Investment Insights
Based on property information with market context.
This well-maintained six-unit apartment building contains six one-bedroom, one-bath units. The property is offered for sale with rental occupancy in place, including five units with guaranteed rent and one unit operating on a month-to-month basis.
The building is located at 6220 Vine St in Philadelphia, PA 19139. The public remarks describe convenient access to local shops, restaurants, schools, and public transportation.
For investors or buyers seeking a small multifamily asset, this configuration provides an all-one-bedroom tenant mix with a clear rent structure: five units with guaranteed rents and one month-to-month unit. The property’s existing income stream and straightforward unit layout can support hands-on ownership or continued portfolio management.
The building is located at 6220 Vine St in Philadelphia, PA 19139. The public remarks describe convenient access to local shops, restaurants, schools, and public transportation.
For investors or buyers seeking a small multifamily asset, this configuration provides an all-one-bedroom tenant mix with a clear rent structure: five units with guaranteed rents and one month-to-month unit. The property’s existing income stream and straightforward unit layout can support hands-on ownership or continued portfolio management.
Key Highlights
- Six‑unit apartment building at 6220 Vine St, Philadelphia, PA 19139
- Unit mix: 6 one‑bedroom, one‑bath apartments
- Rental status: 5 of 6 units on guaranteed rent; 1 unit is month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,234
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,680
$844.7K
Cap Rate 7%
$603,343
$603.3K
Cap Rate 9%
$469,267
$469.3K
Market Conditions
NOI Build-Up for 2,685 SF
Gross rent
$81.5K $30.36/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$76.8K $28.60/SF
− OpEx
−$34.6K −$12.87/SF
NOI
$42.2K $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 Rate 5%
$844,680
Cap Rate 7%
$603,343
Cap Rate 9%
$469,267
Alternative Uses
Best Use
Apartment 5plus
$603.3K
$527.9K – $703.9K
NOI $42,234 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$654.6K
$572.7K – $763.7K
NOI $45,819 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,654
Businesses Nearby
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Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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?
Apartment building - Well-maintained six-unit property featuring six one-bedroom, one-bath apartments with five leases on guaranteed rent.
Where is this apartment building located?
The property is located at 6220 Vine St Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Six‑unit apartment building at 6220 Vine St, Philadelphia, PA 19139; Unit mix: 6 one‑bedroom, one‑bath apartments; Rental status: 5 of 6 units on guaranteed rent; 1 unit is month‑to‑month
