58-Unit Apartment Value-Add
For Sale
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6351 Overbrook Ave, Philadelphia, PA 19151
Four-story, 58-unit multifamily building with a partially completed unit renovation program.
Property SizeContact for details
Days on Market124
Property Features for 6351 Overbrook Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
58
Building Details
Stories
4
Listing Agency:
JLL Philadelphia
(215) 988-5500
Listed By:
Tyler Margraf · License #PA
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 4:59PM
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 JLL Philadelphia
Investment Insights
Based on property information with market context.
Lincoln Court is a four-story, 58-unit apartment building positioned as a value-add opportunity. Current ownership has renovated 22 units (38%), while the remaining 36 unrenovated units have formica countertops, white appliances, white cabinetry, and dated fixtures.
The property is located at the intersection of City Line and Lancaster Ave in the Overbrook submarket of Philadelphia. It is approximately 0.2 miles from the Overbrook SEPTA Regional Rail Station and about one mile from Lankenau Medical Center.
The existing renovation program can be extended to the remaining units with updated finishes described as stainless steel appliances, granite countertops, and updated fixtures. The seller also completed an approved ZBA request (August 2020) to increase density by converting eight (8) four-bedroom floorplans into three (3) one-bedroom units and thirteen (13) two-bedroom units, bringing the unit count from 58 to 66.
The property is located at the intersection of City Line and Lancaster Ave in the Overbrook submarket of Philadelphia. It is approximately 0.2 miles from the Overbrook SEPTA Regional Rail Station and about one mile from Lankenau Medical Center.
The existing renovation program can be extended to the remaining units with updated finishes described as stainless steel appliances, granite countertops, and updated fixtures. The seller also completed an approved ZBA request (August 2020) to increase density by converting eight (8) four-bedroom floorplans into three (3) one-bedroom units and thirteen (13) two-bedroom units, bringing the unit count from 58 to 66.
Key Highlights
- 58‑unit, 4‑story multifamily building with a partially completed unit renovation program (22 units, 38%).
- Renovation program has achieved rental premiums of $150–$250, with unrenovated finishes including formica countertops and white appliances.
- Plans to renovate remaining 36 units (62%) with stainless steel appliances, granite countertops, and updated fixtures.
Property Analytics
Current Use
Lease Details
58
Residential units
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
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 - Four-story, 58-unit multifamily building with a partially completed unit renovation program.
Where is this apartment building located?
The property is located at 6351 Overbrook Ave Philadelphia, PA.
What are key features of this property?
This property features: 58‑unit, 4‑story multifamily building with a partially completed unit renovation program (22 units, 38%).; Renovation program has achieved rental premiums of $150–$250, with unrenovated finishes including formica countertops and white appliances.; Plans to renovate remaining 36 units (62%) with stainless steel appliances, granite countertops, and updated fixtures.
