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 Market96
Property Features for 6220 Vine Street
General Information
Standard status
Active
Size
2,685 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Building Details
Year Built
1929
Tenancy
Multi
Listing Agency:
Realty ONE Group Focus
(267) 475-1018
Listed By:
Anthony Lee · License #RS322285
(267) 475-1018
Source:
Xome
Added: Apr 29
Changed: Jul 10
Last Checked: Aug 1 at 3:05AM
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 For Apartment 5plus
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 | $81.5k | $30.36 |
| − Vacancy | −$4.7k | −$1.76 |
| EGI | $76.8k | $28.60 |
| − OpEx | −$34.6k | −$12.87 |
| NOI | $42.2k | $15.73 |
2,685 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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
