Mixed-Use Property with
For Sale
$268,800
6308 Rising Sun Ave, Philadelphia, PA 19140
An upstairs three-bedroom apartment with an in-unit washer and dryer is paired with a storefront on Rising Sun Avenue.
Property Size1,412 SF
Price / SF$190.37
Days on Market10
Property Features for 6308 Rising Sun Ave
General Information
Standard status
Active
Size
1,412 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Lawndale
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,576
Amenities
washer and dryer in the unit
Listing Agency:
Central Realty Group LLC
Listed By:
Sze Wai Kwong · License #RM422843
(215) 516-6038
Source:
Exprealty
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 10:47AM
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 Central Realty Group LLC
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Investment Insights
Based on property information with market context.
This mixed-use property combines a street-level storefront with an upstairs apartment featuring three bedrooms and one bathroom. The apartment also has a washer and dryer within the unit.
Located at 6308 Rising Sun Ave in Philadelphia, the property is on a business corridor with public transportation, schools, restaurants, and other businesses nearby.
Located at 6308 Rising Sun Ave in Philadelphia, the property is on a business corridor with public transportation, schools, restaurants, and other businesses nearby.
Key Highlights
- Storefront on the Rising Sun Avenue business corridor
- Upstairs apartment with 3 bedrooms and 1 bathroom
- Washer and dryer located in the apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,210
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,200
$444.2K
Cap Rate 7%
$317,286
$317.3K
Cap Rate 9%
$246,778
$246.8K
Market Conditions
NOI Build-Up for 1,412 SF
Gross rent
$42.9K $30.36/SF
− Vacancy
−$2.5K −$1.76/SF
EGI
$40.4K $28.60/SF
− OpEx
−$18.2K −$12.87/SF
NOI
$22.2K $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%
$444,200
Cap Rate 7%
$317,286
Cap Rate 9%
$246,778
Alternative Uses
Best Use
Apartment 5plus
$317.3K
$277.6K – $370.2K
NOI $22,210 @ 7.0% cap · market cap 8.26%
Second Best
Mixed Use
$239.6K
$209.7K – $279.6K
NOI $16,775 @ 7.0% cap · market cap 6.24%
Theoretical Best
Multifamily LT 5
$344.2K
$301.2K – $401.6K
NOI $24,096 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 31%
Electronics 4%
PNC Bank
Shops & Services
6,058 visits/mo
0.4 miles
Burger King
Dining
5,933 visits/mo
0.4 miles
Dunkin' Donuts
Dining
4,284 visits/mo
0.4 miles
Dollar General
Shops & Services
4,241 visits/mo
0.4 miles
Family Dollar
Shops & Services
3,740 visits/mo
0.2 miles
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs three-bedroom apartment with an in-unit washer and dryer is paired with a storefront on Rising Sun Avenue.
Where is this mixed-use property located?
The property is located at 6308 Rising Sun Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $268,800.
What are key features of this property?
This property features: Storefront on the Rising Sun Avenue business corridor; Upstairs apartment with 3 bedrooms and 1 bathroom; Washer and dryer located in the apartment
