Renovated Two-Unit
For Sale
$299,999
6408 SAYBROOK AVE, Philadelphia, PA 19142
Each residence offers two bedrooms, one bathroom, updated kitchens, and stainless steel appliances.
Property Size1,482 SF
Price / SF$202.43
Days on Market66
Property Features for 6408 SAYBROOK AVE
General Information
Standard status
Active
Size
1,482 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
United Real Estate
(484) 367-7727
Listed By:
Melisa James
(267) 988-9500
Source:
Palmerharned
Added: Aug 18
Changed: Oct 14
Last Checked: Oct 20 at 8:25PM
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 United Real Estate
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Investment Insights
Based on property information with market context.
This renovated duplex contains two residential units within a 1,482-square-foot property built in 1920. Both units include two bedrooms, one bathroom, luxury vinyl plank flooring, and refreshed kitchens with stainless steel appliances. The interiors provide a consistent, updated finish across the property.
The first unit includes a private backyard and a cleaned-out basement that provides additional storage. The second unit is currently rented and has a walkout rear balcony connected to the living room. The property is located at 6408 Saybrook Ave in Philadelphia, Pennsylvania, with the address recorded as 19142.
The first unit includes a private backyard and a cleaned-out basement that provides additional storage. The second unit is currently rented and has a walkout rear balcony connected to the living room. The property is located at 6408 Saybrook Ave in Philadelphia, Pennsylvania, with the address recorded as 19142.
Key Highlights
- Two‑unit duplex with 1,482 square feet, built in 1920
- Both units offer 2 bedrooms and 1 bathroom
- Renovated interiors with luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,290
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,800
$505.8K
Cap Rate 7%
$361,286
$361.3K
Cap Rate 9%
$281,000
$281.0K
Market Conditions
NOI Build-Up for 1,482 SF
Gross rent
$38.2K $25.80/SF
− Vacancy
−$2.1K −$1.42/SF
EGI
$36.1K $24.38/SF
− OpEx
−$10.8K −$7.31/SF
NOI
$25.3K $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%
$505,800
Cap Rate 7%
$361,286
Cap Rate 9%
$281,000
Alternative Uses
Best Use
Multifamily LT 5
$361.3K
$316.1K – $421.5K
NOI $25,290 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,311 @ 7.0% cap · market cap 7.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
Explore this area
Business Placement
Demographics for 19142, PA
29,565
Population
12,943
Households
2.3
Avg Household Size
33
Median Age
13%
College-Educated
82%
High-School Grad
1.7 sq mi
ZIP Area
17,391
Density / Sq Mi
$42,812
Median Household Income
$32,763
Median Earnings
$1,269
Median Rent
$110,400
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 - Each residence offers two bedrooms, one bathroom, updated kitchens, and stainless steel appliances.
Where is this duplex located?
The property is located at 6408 SAYBROOK AVE Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two‑unit duplex with 1,482 square feet, built in 1920; Both units offer 2 bedrooms and 1 bathroom; Renovated interiors with luxury vinyl plank flooring
