Six-Unit Apartment
For Sale
$529,999
6220 VINE STREET, Philadelphia, PA 19139
Well-maintained six-unit building with six one-bedroom, one-bath units and five guaranteed rents.
Property Size2,685 SF
Price / SF$197.39
Days on Market88
Property Features for 6220 VINE STREET
General Information
Standard status
Active
Size
2,685 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$3,020
Amenities
3
Vinyl
Parking.
On Street.
23.00 x 110.00
Building Details
Year Built
1929
Stories
3
Tenancy
Multi
Listing Agency:
Realty ONE Group Focus
(267) 475-1018
Listed By:
Anthony Lee · License #RS322285
(267) 475-1018
Source:
Xome
Added: May 15
Changed: Aug 8
Last Checked: Aug 10 at 3:02AM
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
Investment Insights
Based on property information with market context.
This well-maintained six-unit apartment building offers six one-bedroom, one-bath residences. The property is configured entirely as one-bedroom units, supporting consistent layout and tenant turnover opportunities within a single building plan. According to the provided information, five of the six units are under guaranteed rents, with one unit operating on a month-to-month basis.
Located at 6220 Vine Street in Philadelphia, PA 19139, the building is described as convenient to area shops, restaurants, schools, and public transportation. The remarks also indicate proximity to Philadelphia’s cultural attractions, which may appeal to tenants seeking an accessible, in-town lifestyle.
For investors, the uniform unit mix and current rent structure (five guaranteed rents plus one month-to-month unit) can simplify operations compared to a mixed-use or varied-bedroom configuration. The property is being offered for sale as a residential income asset, with the stated goal of adding a stable, manageable multi-family component to an existing portfolio or starting an income-focused investment. Interested buyers should review the rental details during due diligence and confirm current terms as part of any showing or underwriting process.
Located at 6220 Vine Street in Philadelphia, PA 19139, the building is described as convenient to area shops, restaurants, schools, and public transportation. The remarks also indicate proximity to Philadelphia’s cultural attractions, which may appeal to tenants seeking an accessible, in-town lifestyle.
For investors, the uniform unit mix and current rent structure (five guaranteed rents plus one month-to-month unit) can simplify operations compared to a mixed-use or varied-bedroom configuration. The property is being offered for sale as a residential income asset, with the stated goal of adding a stable, manageable multi-family component to an existing portfolio or starting an income-focused investment. Interested buyers should review the rental details during due diligence and confirm current terms as part of any showing or underwriting process.
Key Highlights
- Six‑unit apartment building with 6 one‑bedroom, one‑bath units
- 5/6 units are guaranteed rents; 1 unit is month‑to‑month
- Heating system listed as 3; flooring is vinyl
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,234
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.97%
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 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,654
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained six-unit building with six one-bedroom, one-bath units and five guaranteed rents.
Where is this apartment building located?
The property is located at 6220 VINE STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $529,999.
What are key features of this property?
This property features: Six‑unit apartment building with 6 one‑bedroom, one‑bath units; 5/6 units are guaranteed rents; 1 unit is month‑to‑month; Heating system listed as 3; flooring is vinyl
