Brick Duplex with
For Sale
$234,900
6319 GARDENIA STREET, Philadelphia, PA 19144
Two vacant units feature hardwood floors, tiled kitchens and bathrooms, and separate living layouts.
Property Size1,360 SF
Days on Market59
Property Features for 6319 GARDENIA STREET
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Duplex
Site & Location
Neighborhood
Morton
Taxes and HOA fees
Annual Taxes
$3,122
Building Details
Building Size
1,360 SF
Year Built
1942
Listing Agency:
Keller Williams Main Line
Listed By:
Edgardo Arquitola · License #RS331318
(267) 939-4705
Source:
Lizclarkrealestate
Added: Aug 27
Changed: Oct 21
Last Checked: Oct 23 at 1:03PM
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 Main Line
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Investment Insights
Based on property information with market context.
This brick duplex, built in 1942, contains two one-bedroom units with hardwood flooring and ceramic tile in the kitchens and bathrooms. Both residences are vacant, allowing a purchaser to occupy one unit, lease both, or use the property for an owner-occupied arrangement with rental income from the second unit. The building also includes a sectioned two-car garage and basement storage.
The property is situated in Germantown near public transportation, shopping, schools, parks, and neighborhood amenities. Its two-unit configuration, existing garage, and separate residential layouts provide a straightforward multifamily setup for an investor or owner-occupant.
The property is situated in Germantown near public transportation, shopping, schools, parks, and neighborhood amenities. Its two-unit configuration, existing garage, and separate residential layouts provide a straightforward multifamily setup for an investor or owner-occupant.
Key Highlights
- Two one‑bedroom units, both vacant
- Brick duplex built in 1942
- Hardwood flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,392
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,840
$427.8K
Cap Rate 7%
$305,600
$305.6K
Cap Rate 9%
$237,689
$237.7K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$41.3K $30.36/SF
− Vacancy
−$2.4K −$1.76/SF
EGI
$38.9K $28.60/SF
− OpEx
−$17.5K −$12.87/SF
NOI
$21.4K $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%
$427,840
Cap Rate 7%
$305,600
Cap Rate 9%
$237,689
Alternative Uses
Best Use
Multifamily LT 5
$331.5K
$290.1K – $386.8K
NOI $23,208 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$305.6K
$267.4K – $356.5K
NOI $21,392 @ 7.0% cap · market cap 9.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
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?
Duplex - Two vacant units feature hardwood floors, tiled kitchens and bathrooms, and separate living layouts.
Where is this duplex located?
The property is located at 6319 GARDENIA STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two one‑bedroom units, both vacant; Brick duplex built in 1942; Hardwood flooring throughout both units
