New
For Sale
$525,000
6320 MORTON STREET, Philadelphia, PA 19144
The residential property is described as an operating income-producing asset.
Property Size2,010 SF
Lot Size0.07 Acres
Price / SF$261.19
Days on Market3
Property Features for 6320 MORTON STREET
General Information
Standard status
Active
Size
2,010 SF
Lot size
0.07 Acres
Property subtype
Triplex
Site & Location
Neighborhood
Morton
Additional Details
Gross Income
$57,500
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1915
Listing Agency:
BEYCOME BROKERAGE REALTY LLC
Listed By:
Steven Koleno · License #RM426498
(804) 656-5007
Source:
Cummingsrealtors
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:15PM
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 BEYCOME BROKERAGE REALTY LLC
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Investment Insights
Based on property information with market context.
This triplex is a residential income property with a 2,010-square-foot building on a 0.067-acre parcel. The structure dates to 1915.
The property is located at 6320 Morton Street in Philadelphia, Pennsylvania. The available facts identify it as an income-producing triplex.
The property is located at 6320 Morton Street in Philadelphia, Pennsylvania. The available facts identify it as an income-producing triplex.
Key Highlights
- 2,010‑square‑foot residential building
- 0.067‑acre parcel
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,300
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,000
$686.0K
Cap Rate 7%
$490,000
$490.0K
Cap Rate 9%
$381,111
$381.1K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$51.9K $25.80/SF
− Vacancy
−$2.9K −$1.42/SF
EGI
$49.0K $24.38/SF
− OpEx
−$14.7K −$7.31/SF
NOI
$34.3K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$686,000
Cap Rate 7%
$490,000
Cap Rate 9%
$381,111
Alternative Uses
Best Use
Multifamily LT 5
$490.0K
$428.8K – $571.7K
NOI $34,300 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$451.7K
$395.2K – $526.9K
NOI $31,616 @ 7.0% cap · market cap 6.02%
Theoretical Best
—
—
same as Best Use
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
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The residential property is described as an operating income-producing asset.
Where is this triplex located?
The property is located at 6320 MORTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,010‑square‑foot residential building; 0.067‑acre parcel; Built in 1915
